Solar Panel Cost Guide in Fountain, CO (Jan 2023)
- Fountain Solar Installation Cost: $9,453
- 25-Year Savings: $22,887
- Payback Period: 7.3 Years
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Top Solar Installers in Fountain
Although it's possible to install solar panels yourself, it involves extra time and know-how. Because of that, most homeowners choose a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy usage, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar company in Fountain, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Fountain
Factors that Affect Solar Panel Costs in Fountain
Though the average cost of a solar system in Fountain is $9,453, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,690 per kilowatt in Fountain. The model of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than 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 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 financially overwhelming. Solar loans are provided by most installers in Fountain, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Fountain, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting 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||$26,920||7.6 years|
|8 kW||$2.74||$15,365||$36,195||7.5 years|
|10 kW||$2.69||$18,830||$45,620||7.3 years|
|12 kW||$2.64||$22,144||$55,196||7.2 years|
|14 kW||$2.58||$25,308||$64,922||7.0 years|
|16 kW||$2.53||$28,320||$74,800||6.9 years|
|18 kW||$2.47||$31,182||$84,828||6.7 years|
|20 kW||$2.42||$33,894||$95,006||6.6 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: If you care about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
EcoWatch's Fountain, CO Solar Cost FAQs
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.