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Top Solar Installers in Golden
Although it's possible to install solar panels by yourself, it involves extra effort and know-how. That's why most homeowners choose a solar panel installer. The expertise that solar installers provide can be helpful as well, especially if you don't quite know what kind of solar equipment you need.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Golden
Factors that Affect Solar Panel Costs in Golden
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Golden: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size. Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get 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
If paying for a solar system in cash is difficult, solar loans are a solid route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Golden is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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||$18,849||9.6 years|
|8 kW||$2.74||$15,365||$25,433||9.4 years|
|10 kW||$2.69||$18,830||$32,168||9.2 years|
|12 kW||$2.64||$22,144||$39,054||9.0 years|
|14 kW||$2.58||$25,308||$46,090||8.9 years|
|16 kW||$2.53||$28,320||$53,277||8.7 years|
|18 kW||$2.47||$31,182||$60,615||8.5 years|
|20 kW||$2.42||$33,894||$68,103||8.3 years|
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on 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:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide 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 panel company you're considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
EcoWatch's Golden, 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.