Solar Panel Cost Guide in Gunbarrel, CO (2025 Update)
- Gunbarrel Solar Installation Cost: $14,732
- 25-Year Savings: $16,100
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Gunbarrel
Find out how much it might cost to switch to solar power in Gunbarrel.
The national average cost of solar panels is $2.66 per watt, but in Gunbarrel it’s 4 per watt.The average Gunbarrel homeowner needs a 5.3-kilowatt system, which would cost about $14,732 with the federal tax credit, or $21,067 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Gunbarrel depending on a few factors, such as the brand of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Gunbarrel see about $19,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Gunbarrel
| Year | Return on Investment |
|---|---|
| 1 years | $-13,763 |
| 3 years | $-11,827 |
| 5 years | $-9,891 |
| 7 years | $-7,955 |
| 9 years | $-6,019 |
| 11 years | $-4,082 |
| 13 years | $-2,146 |
| 15 years | $-210 |
| 17 years | $1,726 |
| 19 years | $3,663 |
| 21 years | $5,599 |
| 23 years | $7,535 |
| 25 years | $9,471 |
Top Solar Installers in Gunbarrel
Many homeowners decide to use a solar panel installer since figuring out how to install solar panels yourself can be challenging. In addition, if you’d like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Gunbarrel
Factors that Affect Solar Panel Costs in Gunbarrel
The cost of installing a solar system in Gunbarrel can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,980.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Gunbarrel, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Gunbarrel, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $12,182 | 14.7 years |
| 8 kW | $4.06 | $22,734 | $16,688 | 14.4 years |
| 10 kW | $3.98 | $27,860 | $21,418 | 14.1 years |
| 12 kW | $3.90 | $32,763 | $26,370 | 13.9 years |
| 14 kW | $3.82 | $37,444 | $31,545 | 13.6 years |
| 16 kW | $3.74 | $41,901 | $36,943 | 13.3 years |
| 18 kW | $3.66 | $46,136 | $42,563 | 13.0 years |
| 20 kW | $3.58 | $50,148 | $48,407 | 12.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly influences 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:
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
EcoWatch's Gunbarrel, CO Solar Cost FAQs
What is the average cost of installing solar panels in Gunbarrel?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $985.55 per year.
How long do solar panels last in Gunbarrel?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.