Solar Panel Cost Guide in Ken Caryl, CO (2024 Update)
- Ken Caryl Solar Installation Cost: $14,622
- 25-Year Savings: $16,570
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Ken Caryl
Find out how much it might cost to install solar panels in Ken Caryl.
The national average cost of solar panels is $2.66 per watt, but in Ken Caryl it’s 4 per watt.Because a 5.2-kW system is needed to cover the energy usage of a typical home in Ken Caryl, the average price of going solar will be about $14,622 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Ken Caryl based on several factors, such as the model of solar panels you choose and the solar contractor you hire.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Ken Caryl find installing solar panels can be quite rewarding.
You can click the button below to get connected with a top solar company in Ken Caryl that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ken Caryl
| Year | Return on Investment |
|---|---|
| 1 years | $-13,654 |
| 3 years | $-11,718 |
| 5 years | $-9,781 |
| 7 years | $-7,845 |
| 9 years | $-5,909 |
| 11 years | $-3,973 |
| 13 years | $-2,037 |
| 15 years | $-100 |
| 17 years | $1,836 |
| 19 years | $3,772 |
| 21 years | $5,708 |
| 23 years | $7,645 |
| 25 years | $9,581 |
Top Solar Installers in Ken Caryl
Many homeowners opt for a solar panel company since installing solar panels yourself can be time-consuming. Plus, if you’re unsure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our recommendations for providers 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 Ken Caryl
Factors that Affect Solar Panel Costs in Ken Caryl
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Ken Caryl: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Ken Caryl, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,980 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable option because they decrease your upfront costs and let you 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 financing options, including the total 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 securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Ken Caryl, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $4.14 | $17,385 | $12,857 | 14.4 years |
| 8 kW | $4.06 | $22,734 | $17,588 | 14.1 years |
| 10 kW | $3.98 | $27,860 | $22,542 | 13.8 years |
| 12 kW | $3.90 | $32,763 | $27,719 | 13.5 years |
| 14 kW | $3.82 | $37,444 | $33,119 | 13.3 years |
| 16 kW | $3.74 | $41,901 | $38,742 | 13.0 years |
| 18 kW | $3.66 | $46,136 | $44,588 | 12.7 years |
| 20 kW | $3.58 | $50,148 | $50,656 | 12.4 years |
How to Save on Solar Panels
There are a lot of companies available in Ken Caryl, 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: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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 Ken Caryl, CO Solar Cost FAQs
How much does it cost to install solar panels in Ken Caryl?
The average cost of solar panels in Ken Caryl is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Ken Caryl?
A solar panel system isn’t free in Ken Caryl, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Ken Caryl have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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.