Solar Panel Cost Guide in Lincoln Park, CO (2024 Update)
- Lincoln Park Solar Installation Cost: $14,048
- 25-Year Savings: $25,238
- Payback Period: 10.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lincoln Park
We break down average solar pricing in Lincoln Park.
In Lincoln Park, solar panels cost about 4 per watt on average.The average solar panel system size in Lincoln Park is around 5.0 kilowatts, meaning a cost of about $14,048 for a solar installation, or $20,089 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on your energy needs and what company you choose to go with.Even with the large upfront cost, the average Lincoln Park homeowner can save around $26,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Lincoln Park for a quote for your home.
Solar savings over time in Lincoln Park
| Year | Return on Investment |
|---|---|
| 1 years | $-12,662 |
| 3 years | $-9,891 |
| 5 years | $-7,120 |
| 7 years | $-4,349 |
| 9 years | $-1,578 |
| 11 years | $1,193 |
| 13 years | $3,964 |
| 15 years | $6,735 |
| 17 years | $9,506 |
| 19 years | $12,277 |
| 21 years | $15,048 |
| 23 years | $17,819 |
| 25 years | $20,590 |
Top Solar Installers in Lincoln Park
Many homeowners decide to hire a solar panel installer since figuring out how to install solar panels by yourself can be a lot of work. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Lincoln Park
Factors that Affect Solar Panel Costs in Lincoln Park
The cost of installing a solar system in Lincoln Park can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production 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 $3,980.The type of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Lincoln Park, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Lincoln Park, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $23,945 | 10.5 years |
| 8 kW | $4.06 | $22,734 | $32,373 | 10.3 years |
| 10 kW | $3.98 | $27,860 | $41,023 | 10.1 years |
| 12 kW | $3.90 | $32,763 | $49,896 | 9.9 years |
| 14 kW | $3.82 | $37,444 | $58,992 | 9.7 years |
| 16 kW | $3.74 | $41,901 | $68,311 | 9.5 years |
| 18 kW | $3.66 | $46,136 | $77,853 | 9.3 years |
| 20 kW | $3.58 | $50,148 | $87,618 | 9.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: If you care about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which installer you should go with, since different companies provide different panels.
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 Lincoln Park, CO Solar Cost FAQs
How much does it cost to install solar panels in Lincoln Park?
The average cost of solar panels in Lincoln Park 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 like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Lincoln Park?
You can’t get solar panels for free in Lincoln Park. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.
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.