Solar Panel Cost Guide in Northglenn, CO (2024 Update)
- Northglenn Solar Installation Cost: $14,488
- 25-Year Savings: $16,634
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Northglenn
We go over average solar pricing in Northglenn.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Northglenn, the typical cost of a solar system is 4 per watt.The average Northglenn homeowner needs a 5.2-kilowatt system, which would cost about $14,488 with the federal tax credit, or $20,718 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on your specific situation and what company you want to go with.Even with the significant upfront cost, the average Northglenn homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar panel company in Northglenn for a custom quote.
Solar savings over time in Northglenn
| Year | Return on Investment |
|---|---|
| 1 years | $-13,520 |
| 3 years | $-11,584 |
| 5 years | $-9,648 |
| 7 years | $-7,712 |
| 9 years | $-5,775 |
| 11 years | $-3,839 |
| 13 years | $-1,903 |
| 15 years | $33 |
| 17 years | $1,969 |
| 19 years | $3,906 |
| 21 years | $5,842 |
| 23 years | $7,778 |
| 25 years | $9,714 |
Top Solar Installers in Northglenn
Although it's possible to install solar panels by yourself, it involves extra energy and handiness. Because of that, most homeowners choose a solar panel installer. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Northglenn:
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 Northglenn
Factors that Affect Solar Panel Costs in Northglenn
Even though the average cost of a solar system in Northglenn is $14,488, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,980 per kilowatt in Northglenn.The model of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond 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 researching a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of 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 finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Northglenn, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Northglenn know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $13,105 | 14.3 years |
| 8 kW | $4.06 | $22,734 | $17,919 | 14.0 years |
| 10 kW | $3.98 | $27,860 | $22,956 | 13.7 years |
| 12 kW | $3.90 | $32,763 | $28,216 | 13.4 years |
| 14 kW | $3.82 | $37,444 | $33,698 | 13.2 years |
| 16 kW | $3.74 | $41,901 | $39,404 | 12.9 years |
| 18 kW | $3.66 | $46,136 | $45,332 | 12.6 years |
| 20 kW | $3.58 | $50,148 | $51,483 | 12.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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 Northglenn, CO Solar Cost FAQs
What is the average cost of installing solar panels in Northglenn?
The average cost of solar panels in Northglenn 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Northglenn?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 way to go if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get 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.