Solar Panel Cost Guide in Ponderosa Park, CO (Dec 2022)

  • Ponderosa Park Solar Installation Cost: $9,528
  • 25-Year Savings: $19,501
  • Payback Period: 8.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Ponderosa Park

Here's how much it might cost to install solar panels in Ponderosa Park.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Ponderosa Park, the typical cost of solar panels is $3 per watt. The average solar panel system size in Ponderosa Park is around 5.1 kilowatts, meaning a cost of about $9,528 for a solar installation, or $7,051 after the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Ponderosa Park homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on electricity bills.

To get a free estimate from a vetted solar installer in Ponderosa Park, you can click the button below.

Solar savings over time in Ponderosa Park

Year Return on Investment
1 years $-8,367
3 years $-6,045
5 years $-3,722
7 years $-1,400
9 years $922
11 years $3,245
13 years $5,567
15 years $7,889
17 years $10,212
19 years $12,534
21 years $14,856
23 years $17,178
25 years $19,501

Top Solar Installers in Ponderosa Park

Installing solar panels yourself can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Ponderosa Park

Factors that Affect Solar Panel Costs in Ponderosa Park

While the average cost of a solar system in Ponderosa Park is $9,528, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

The size of the solar energy system you need for your home, 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 $2,690. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Ponderosa Park average.

Solar Financing Terms

Most solar companies in Ponderosa Park have solar loans, which reduce your upfront costs of installing solar panels. Even though solar loans make adopting solar energy more accessible for Ponderosa Park homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar installer you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Ponderosa Park, and each can charge varying amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fit into your budget.

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 $22,657 8.5 years
8 kW $2.74 $15,365 $30,510 8.4 years
10 kW $2.69 $18,830 $38,514 8.2 years
12 kW $2.64 $22,144 $46,669 8.0 years
14 kW $2.58 $25,308 $54,975 7.9 years
16 kW $2.53 $28,320 $63,431 7.7 years
18 kW $2.47 $31,182 $72,038 7.6 years
20 kW $2.42 $33,894 $80,795 7.4 years

How to Save on Solar Panels

The company that does your 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:

  • Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
  • Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Ponderosa Park, CO Solar Cost FAQs

What is the average cost of installing solar panels in Ponderosa Park?

The average cost of solar panels in Ponderosa Park is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to think about when buying solar panels?

The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.

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