Solar Panel Cost Guide in Northglenn, CO (Mar 2023)
- Northglenn Solar Installation Cost: $9,792
- 25-Year Savings: $16,635
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Northglenn
Here's how much it might cost to go solar in Northglenn.
The national average cost of solar panels is $2.66 per watt, but in Northglenn it's 2.69 per watt. Since a 5.2-kW system is needed to cover the energy needs of a typical home in Northglenn, the average price of going solar will be about $9,792 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Northglenn see about $19,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Northglenn
| Year | Return on Investment |
|---|---|
| 1 years | $-8,735 |
| 3 years | $-6,620 |
| 5 years | $-4,506 |
| 7 years | $-2,392 |
| 9 years | $-278 |
| 11 years | $1,836 |
| 13 years | $3,950 |
| 15 years | $6,064 |
| 17 years | $8,179 |
| 19 years | $10,293 |
| 21 years | $12,407 |
| 23 years | $14,521 |
| 25 years | $16,635 |
Top Solar Installers in Northglenn
Although you can install solar panels by yourself, it takes extra time and knowledge. For that reason, almost all homeowners choose to hire a solar panel installer. Plus, if you'd like to maximize your investment in solar, using a solar company can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Northglenn
Factors that Affect Solar Panel Costs in Northglenn
For many Northglenn homeowners, the decision to adopt solar energy 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 system you need to offset your energy usage, 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 about $2,690. The type of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Northglenn to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $18,740 | 9.6 years |
| 8 kW | $2.74 | $15,365 | $25,287 | 9.4 years |
| 10 kW | $2.69 | $18,830 | $31,986 | 9.3 years |
| 12 kW | $2.64 | $22,144 | $38,835 | 9.1 years |
| 14 kW | $2.58 | $25,308 | $45,834 | 8.9 years |
| 16 kW | $2.53 | $28,320 | $52,985 | 8.7 years |
| 18 kW | $2.47 | $31,182 | $60,286 | 8.5 years |
| 20 kW | $2.42 | $33,894 | $67,737 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 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 $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 like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 how much sunlight your roof gets. You can take a 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 cover 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.