Solar Panel Cost Guide in Pueblo, CO (2024 Update)
- Pueblo Solar Installation Cost: $13,668
- 25-Year Savings: $26,421
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Pueblo
Find out what the average cost of solar panel installation is in Pueblo.
The average cost of a solar panel system in Pueblo is 4 per watt.The average Pueblo homeowner needs a 4.9-kilowatt system, which would cost about $13,668 with the federal tax credit, or $19,545 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pueblo homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the large upfront cost, the average Pueblo homeowner can save around $28,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Pueblo for a quote for your home.
Solar savings over time in Pueblo
| Year | Return on Investment |
|---|---|
| 1 years | $-12,283 |
| 3 years | $-9,512 |
| 5 years | $-6,741 |
| 7 years | $-3,970 |
| 9 years | $-1,199 |
| 11 years | $1,572 |
| 13 years | $4,343 |
| 15 years | $7,114 |
| 17 years | $9,885 |
| 19 years | $12,656 |
| 21 years | $15,427 |
| 23 years | $18,198 |
| 25 years | $20,969 |
Top Solar Installers in Pueblo
Many homeowners opt for a solar installation company since installing solar panels yourself can be hard. Plus, if you’re unsure what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Pueblo
Factors that Affect Solar Panel Costs in Pueblo
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,980.The model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than 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 searching for 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 solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.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 installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Pueblo, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more 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 | $4.14 | $17,385 | $26,225 | 10.0 years |
| 8 kW | $4.06 | $22,734 | $35,412 | 9.8 years |
| 10 kW | $3.98 | $27,860 | $44,822 | 9.6 years |
| 12 kW | $3.90 | $32,763 | $54,455 | 9.4 years |
| 14 kW | $3.82 | $37,444 | $64,311 | 9.2 years |
| 16 kW | $3.74 | $41,901 | $74,390 | 9.0 years |
| 18 kW | $3.66 | $46,136 | $84,691 | 8.8 years |
| 20 kW | $3.58 | $50,148 | $95,216 | 8.6 years |
How to Save on Solar Panels
There are a large number of companies available in Pueblo, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
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 Pueblo, CO Solar Cost FAQs
What is the average cost of installing solar panels in Pueblo?
The average cost of solar panels in Pueblo 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 kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Pueblo?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,453.64 per year.
How long do solar panels last in Pueblo?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.