Solar Panel Cost Guide in Firestone, CO (2023 Update)
- Firestone Solar Installation Cost: $9,867
- 25-Year Savings: $17,021
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Firestone
We go over average solar pricing in Firestone.
In Firestone, solar panels cost about 2.69 per watt on average. Using this figure, a typical 5.2-kW system would cost about $9,867 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Firestone homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $19,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Firestone
| Year | Return on Investment |
|---|---|
| 1 years | $-8,791 |
| 3 years | $-6,640 |
| 5 years | $-4,489 |
| 7 years | $-2,338 |
| 9 years | $-187 |
| 11 years | $1,964 |
| 13 years | $4,115 |
| 15 years | $6,266 |
| 17 years | $8,417 |
| 19 years | $10,568 |
| 21 years | $12,719 |
| 23 years | $14,870 |
| 25 years | $17,021 |
Top Solar Installers in Firestone
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your home.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Firestone
Factors that Affect Solar Panel Costs in Firestone
The cost of installing a solar system in Firestone can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,690. The type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions 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 researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Firestone, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can impact your pricing. Firestone's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have 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 | $19,017 | 9.5 years |
| 8 kW | $2.74 | $15,365 | $25,658 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $32,449 | 9.2 years |
| 12 kW | $2.64 | $22,144 | $39,391 | 9.0 years |
| 14 kW | $2.58 | $25,308 | $46,483 | 8.8 years |
| 16 kW | $2.53 | $28,320 | $53,726 | 8.6 years |
| 18 kW | $2.47 | $31,182 | $61,120 | 8.4 years |
| 20 kW | $2.42 | $33,894 | $68,664 | 8.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Firestone, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Firestone, CO Solar Cost FAQs
How much does it cost to install solar panels in Firestone?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Firestone?
You can't get solar panels for free in Firestone. However, you may still be able to afford 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 you sell solar power back to the grid in Firestone?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How long do solar panels last in Firestone?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.