Solar Panel Cost Guide in Fruitvale, CO (Dec 2022)

  • Fruitvale Solar Installation Cost: $9,622
  • 25-Year Savings: $19,193
  • Payback Period: 8.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fruitvale

Let's take a look at the average cost of solar panels in Fruitvale.

The national average cost of solar panels is $2.66 per watt, but in Fruitvale it's $3 per watt. The average solar panel system size in Fruitvale is around 5.1 kilowatts, meaning a cost of about $9,622 for a solar installation, or $7,120 after the 30% federal solar tax credit is applied.

How much you pay can be above or below the average in Fruitvale depending on a few factors, such as the type of solar panels you choose and the solar installer you hire. Despite the high initial cost, the average Fruitvale homeowner can save about $21,000 on their energy bills over 20 years, which is one of the positives of solar.

Click the button below to get connected to a vetted solar panel company in Fruitvale for a personalized estimate.

Solar savings over time in Fruitvale

Year Return on Investment
1 years $-8,470
3 years $-6,164
5 years $-3,859
7 years $-1,554
9 years $751
11 years $3,056
13 years $5,362
15 years $7,667
17 years $9,972
19 years $12,277
21 years $14,582
23 years $16,888
25 years $19,193

Top Solar Installers in Fruitvale

Although it's possible to install solar panels on your own, it takes extra effort and handiness. Because of that, most people choose to hire a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Fruitvale

Factors that Affect Solar Panel Costs in Fruitvale

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Fruitvale: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

One of the most significant 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 spend about $2,690 per kilowatt in Fruitvale. There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Fruitvale, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make switching to solar energy more accessible for Fruitvale homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Fruitvale is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also fits within your budget.

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 $22,074 8.7 years
8 kW $2.74 $15,365 $29,733 8.5 years
10 kW $2.69 $18,830 $37,543 8.4 years
12 kW $2.64 $22,144 $45,504 8.2 years
14 kW $2.58 $25,308 $53,615 8.0 years
16 kW $2.53 $28,320 $61,877 7.8 years
18 kW $2.47 $31,182 $70,289 7.7 years
20 kW $2.42 $33,894 $78,852 7.5 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 brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: Read the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
  • Warranty: If you're worried about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • 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: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Fruitvale, CO Solar Cost FAQs

How much does it cost to install solar panels in Fruitvale?

This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is it better to lease or buy solar panels in Fruitvale?

Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

Do solar panels increase your home value?

Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage 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 account for 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.

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