Solar Panel Cost Guide in Gypsum, CO (Mar 2023)
- Gypsum Solar Installation Cost: $9,961
- 25-Year Savings: $15,281
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gypsum
Let's take a look at the average cost of solar panels in Gypsum.
In Gypsum, solar panels cost about 2.69 per watt on average. Because a 5.3-kW system is needed to cover the energy usage of a typical home in Gypsum, the average price of going solar will be about $9,961 after claiming the federal solar tax credit of 30%.
These figures are only averages, and your own solar costs may differ based on your specific situation and what company you choose to go with. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Gypsum find going solar can pay off big.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Gypsum
| Year | Return on Investment |
|---|---|
| 1 years | $-8,951 |
| 3 years | $-6,932 |
| 5 years | $-4,913 |
| 7 years | $-2,893 |
| 9 years | $-874 |
| 11 years | $1,146 |
| 13 years | $3,165 |
| 15 years | $5,184 |
| 17 years | $7,204 |
| 19 years | $9,223 |
| 21 years | $11,243 |
| 23 years | $13,262 |
| 25 years | $15,281 |
Top Solar Installers in Gypsum
When making the switch to solar, many homeowners decide to go with a solar installation company since putting up solar panels yourself can be a difficult project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Gypsum:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Gypsum
Factors that Affect Solar Panel Costs in Gypsum
The cost of installing a solar system in Gypsum can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, 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 key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require 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 $2,690. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. While solar loans make going solar more accessible for Gypsum homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Gypsum is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services at different costs. 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 at a higher cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also is 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 | $16,887 | 10.3 years |
| 8 kW | $2.74 | $15,365 | $22,817 | 10.1 years |
| 10 kW | $2.69 | $18,830 | $28,898 | 9.9 years |
| 12 kW | $2.64 | $22,144 | $35,129 | 9.7 years |
| 14 kW | $2.58 | $25,308 | $41,511 | 9.5 years |
| 16 kW | $2.53 | $28,320 | $48,044 | 9.3 years |
| 18 kW | $2.47 | $31,182 | $54,727 | 9.1 years |
| 20 kW | $2.42 | $33,894 | $61,561 | 8.9 years |
How to Save on Solar Panels
There are many companies available in Gypsum, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: If you're worried about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Gypsum, CO Solar Cost FAQs
How much does it cost to install solar panels in Gypsum?
The average cost of solar panels in Gypsum is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual 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.
Should I lease or buy solar panels in Gypsum?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Gypsum?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.