Solar Panel Cost Guide in Evergreen, CO (2025 Update)
- Evergreen Solar Installation Cost: $14,622
- 25-Year Savings: $17,746
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Evergreen
Let’s take a look at the average cost of solar in Evergreen.
In Evergreen, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Evergreen, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs about $14,622, or $20,909 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $20,000 in savings on utility bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Evergreen, you can click the button below.
Solar savings over time in Evergreen
| Year | Return on Investment |
|---|---|
| 1 years | $-13,654 |
| 3 years | $-11,718 |
| 5 years | $-9,781 |
| 7 years | $-7,845 |
| 9 years | $-5,909 |
| 11 years | $-3,973 |
| 13 years | $-2,037 |
| 15 years | $-100 |
| 17 years | $1,836 |
| 19 years | $3,772 |
| 21 years | $5,708 |
| 23 years | $7,645 |
| 25 years | $9,581 |
Top Solar Installers in Evergreen
Although it's possible to install solar panels yourself, it takes extra effort and handiness. Because of that, most people choose a solar panel installer. Another great thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
There are several 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Evergreen
Factors that Affect Solar Panel Costs in Evergreen
For many Evergreen homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Evergreen, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,980. The kind of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Evergreen to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Evergreen, and each can charge varying amounts for labor and equipment.Additionally, some companies in Evergreen have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.14 | $17,385 | $14,201 | 13.8 years |
| 8 kW | $4.06 | $22,734 | $19,380 | 13.5 years |
| 10 kW | $3.98 | $27,860 | $24,782 | 13.2 years |
| 12 kW | $3.90 | $32,763 | $30,408 | 13.0 years |
| 14 kW | $3.82 | $37,444 | $36,256 | 12.7 years |
| 16 kW | $3.74 | $41,901 | $42,326 | 12.4 years |
| 18 kW | $3.66 | $46,136 | $48,620 | 12.2 years |
| 20 kW | $3.58 | $50,148 | $55,137 | 11.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Evergreen, CO Solar Cost FAQs
What is the average cost of installing solar panels in Evergreen?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Evergreen is currently $872,846, so you could be looking at a value of about $35,787 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Evergreen is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.