Solar Panel Cost Guide in Greeley, CO (2024 Update)
- Greeley Solar Installation Cost: $14,608
- 25-Year Savings: $16,792
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Greeley
Here’s how much it might cost to make the switch to solar in Greeley.
The average cost of a solar panel system in Greeley is 4 per watt.Since a 5.2-kW system is needed to cover the energy usage of a typical home in Greeley, the average price of going solar will be about $14,608 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Greeley find investing in solar can pay off big.
You can click the button below to get connected with a vetted solar installer in Greeley for a quote for your home.
Solar savings over time in Greeley
| Year | Return on Investment |
|---|---|
| 1 years | $-13,640 |
| 3 years | $-11,704 |
| 5 years | $-9,768 |
| 7 years | $-7,831 |
| 9 years | $-5,895 |
| 11 years | $-3,959 |
| 13 years | $-2,023 |
| 15 years | $-87 |
| 17 years | $1,850 |
| 19 years | $3,786 |
| 21 years | $5,722 |
| 23 years | $7,658 |
| 25 years | $9,595 |
Top Solar Installers in Greeley
Putting up solar panels yourself can be a difficult task, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company as well, which can save you more money over time.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Greeley
Factors that Affect Solar Panel Costs in Greeley
For many Greeley homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Greeley, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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 $3,980.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Greeley, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Greeley is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that offer a range of services at different price points.Additionally, some companies in Greeley have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,129 | 14.2 years |
| 8 kW | $4.06 | $22,734 | $17,951 | 14.0 years |
| 10 kW | $3.98 | $27,860 | $22,995 | 13.7 years |
| 12 kW | $3.90 | $32,763 | $28,263 | 13.4 years |
| 14 kW | $3.82 | $37,444 | $33,754 | 13.1 years |
| 16 kW | $3.74 | $41,901 | $39,467 | 12.9 years |
| 18 kW | $3.66 | $46,136 | $45,404 | 12.6 years |
| 20 kW | $3.58 | $50,148 | $51,563 | 12.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Greeley, CO Solar Cost FAQs
How much does it cost to install solar panels in Greeley?
The average cost of solar panels in Greeley 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Greeley?
Leasing solar panels can be an option if you can’t pay upfront or get 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 bang for your buck from going solar.
Can you sell solar power back to the grid in Greeley?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.