Solar Panel Cost Guide in Evans, CO (2023 Update)
- Evans Solar Installation Cost: $9,873
- 25-Year Savings: $16,884
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Evans
We break down average solar pricing in Evans.
The national average cost of solar panels is $2.66 per watt, but in Evans it's 2.69 per watt. The average solar panel system size in Evans is around 5.2 kilowatts, meaning a cost of about $9,867 for a solar installation, or $14,110 before the 30% federal solar tax credit is applied.
The true price you pay can go above or below the average in Evans depending on several factors, such as the kind of solar panels you choose and the solar installer you hire. With average savings of about $19,000 on power bills over 20 years, many homeowners in Evans find investing in solar can pay off big.
To get a free estimate from a top solar company in Evans, you can click the button below.
Solar savings over time in Evans
| Year | Return on Investment |
|---|---|
| 1 years | $-8,905 |
| 3 years | $-6,969 |
| 5 years | $-5,033 |
| 7 years | $-3,097 |
| 9 years | $-1,160 |
| 11 years | $776 |
| 13 years | $2,712 |
| 15 years | $4,648 |
| 17 years | $6,585 |
| 19 years | $8,521 |
| 21 years | $10,457 |
| 23 years | $12,393 |
| 25 years | $14,329 |
Top Solar Installers in Evans
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using an installer can make your switch to solar power much easier. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Evans
Factors that Affect Solar Panel Costs in Evans
The cost of installing a solar system in Evans can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Evans, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your overall costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $18,868 | 9.6 years |
| 8 kW | $2.74 | $15,365 | $25,458 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $32,200 | 9.2 years |
| 12 kW | $2.64 | $22,144 | $39,092 | 9.0 years |
| 14 kW | $2.58 | $25,308 | $46,134 | 8.9 years |
| 16 kW | $2.53 | $28,320 | $53,327 | 8.7 years |
| 18 kW | $2.47 | $31,182 | $60,671 | 8.5 years |
| 20 kW | $2.42 | $33,894 | $68,165 | 8.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Evans, CO Solar Cost FAQs
What is the average cost of installing solar panels in Evans?
The average cost of solar panels in Evans is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Evans?
You can't get solar panels for free in Evans. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Evans, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.