Solar Panel Cost Guide in Northglenn, CO (2023 Update)
- Northglenn Solar Installation Cost: $14,488
- 25-Year Savings: $16,634
- Payback Period: 13.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated October 25, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Northglenn
We go over average solar pricing in Northglenn.
The national average cost of solar panels is $2.66 per watt, but in Northglenn it’s 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.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you want to get, your solar contractor and more.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Northglenn can save about $19,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
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
Putting up solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Another benefit of going with a solar company is that they can help you maximize your return of investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Northglenn:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Northglenn
Factors that Affect Solar Panel Costs in Northglenn
For many Northglenn homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Northglenn, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,980. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Northglenn, where sunlight is abundant, efficiency can quickly pay off. In addition, 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 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 plenty of options to choose from, but each comes at various price points for labor and equipment.You may notice 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 | $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
The solar panel company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Northglenn, CO Solar Cost FAQs
What is the average cost of installing solar panels in Northglenn?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Northglenn?
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 way to go if you want to get the most savings.
Is it worth going solar in Northglenn?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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.