Solar Panel Cost Guide in Gleneagle, CO (2024 Update)
- Gleneagle Solar Installation Cost: $13,979
- 25-Year Savings: $20,603
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Gleneagle
Let’s take a look at the average cost of solar in Gleneagle.
In Gleneagle, solar panels cost about 4 per watt on average.The average Gleneagle homeowner needs a 5.0-kilowatt system, which would cost about $13,979 with the federal tax credit, or $19,990 before the 0 tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on factors unique to your home and what company you go with.Despite the significant upfront cost, the average Gleneagle homeowner can save about $23,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar installer in your area for a customized quote.
Solar savings over time in Gleneagle
| Year | Return on Investment |
|---|---|
| 1 years | $-12,945 |
| 3 years | $-10,876 |
| 5 years | $-8,807 |
| 7 years | $-6,738 |
| 9 years | $-4,669 |
| 11 years | $-2,600 |
| 13 years | $-531 |
| 15 years | $1,538 |
| 17 years | $3,607 |
| 19 years | $5,676 |
| 21 years | $7,745 |
| 23 years | $9,814 |
| 25 years | $11,883 |
Top Solar Installers in Gleneagle
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make your switch to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you sign a contract with a solar company as well, which can save you more money over time.
If you're searching for a solar company in Gleneagle, we've put together a list of our top suggestions here:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Gleneagle
Factors that Affect Solar Panel Costs in Gleneagle
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Gleneagle: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss 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 consumes, the larger your system will likely need to be. You can expect to spend about $3,980 per kilowatt in Gleneagle.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Gleneagle average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Gleneagle, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Gleneagle is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you want 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 | $4.14 | $17,385 | $18,550 | 12.1 years |
| 8 kW | $4.06 | $22,734 | $25,179 | 11.9 years |
| 10 kW | $3.98 | $27,860 | $32,031 | 11.6 years |
| 12 kW | $3.90 | $32,763 | $39,105 | 11.4 years |
| 14 kW | $3.82 | $37,444 | $46,403 | 11.2 years |
| 16 kW | $3.74 | $41,901 | $53,924 | 10.9 years |
| 18 kW | $3.66 | $46,136 | $61,667 | 10.7 years |
| 20 kW | $3.58 | $50,148 | $69,633 | 10.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Gleneagle, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: If you care about the durability of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Gleneagle, CO Solar Cost FAQs
How much does it cost to install solar panels in Gleneagle?
The average cost of solar panels in Gleneagle is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Gleneagle?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
Is it worth going solar in Gleneagle?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 install 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.