Solar Panel Cost Guide in Ponderosa Park, CO (2023 Update)
- Ponderosa Park Solar Installation Cost: $9,532
- 25-Year Savings: $19,497
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ponderosa Park
Let's take a look at the average cost of solar in Ponderosa Park.
While the national average of solar panels is $2.66 per watt, solar panels in Ponderosa Park typically cost about 2.69. To account for the typical energy usage of the average home in Ponderosa Park, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,528, or $13,625 before the federal solar tax credit of 30% is applied.
Keep 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 your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $22,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Ponderosa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,564 |
| 3 years | $-6,628 |
| 5 years | $-4,691 |
| 7 years | $-2,755 |
| 9 years | $-819 |
| 11 years | $1,117 |
| 13 years | $3,053 |
| 15 years | $4,990 |
| 17 years | $6,926 |
| 19 years | $8,862 |
| 21 years | $10,798 |
| 23 years | $12,735 |
| 25 years | $14,671 |
Top Solar Installers in Ponderosa Park
Although you can install solar panels yourself, it takes extra energy and know-how. For that reason, most homeowners choose a solar panel installer. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 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 actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
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. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Ponderosa Park, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. 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 solid choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. It's wise to add 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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.