Solar Panel Cost Guide in Roxborough Park, CO (2024 Update)
- Roxborough Park Solar Installation Cost: $14,333
- 25-Year Savings: $17,747
- Payback Period: 13.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Roxborough Park
Let’s have a look at the average cost of solar panels in Roxborough Park.
The average cost of a solar panel system in Roxborough Park is 4 per watt.The average Roxborough Park homeowner needs a 5.1-kilowatt system, which would cost about $14,333 with the federal tax credit, or $20,496 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Roxborough Park homeowners. The cost of a solar system for your home may be 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 $20,000 in savings on electricity 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 Roxborough Park
Year | Return on Investment |
---|---|
1 years | $-13,365 |
3 years | $-11,428 |
5 years | $-9,492 |
7 years | $-7,556 |
9 years | $-5,620 |
11 years | $-3,684 |
13 years | $-1,747 |
15 years | $189 |
17 years | $2,125 |
19 years | $4,061 |
21 years | $5,998 |
23 years | $7,934 |
25 years | $9,870 |
Top Solar Installers in Roxborough Park
Installing solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies offer can be invaluable as well, particularly if you don’t quite know what type of solar equipment would be right for your home.
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 Roxborough Park
Factors that Affect Solar Panel Costs in Roxborough Park
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of solar panels in Roxborough Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,980 for each additional kilowatt you need.The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Roxborough Park, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make going solar more accessible for Roxborough Park homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Roxborough Park, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $14,611 | 13.6 years |
8 kW | $4.06 | $22,734 | $19,927 | 13.3 years |
10 kW | $3.98 | $27,860 | $25,466 | 13.1 years |
12 kW | $3.90 | $32,763 | $31,228 | 12.8 years |
14 kW | $3.82 | $37,444 | $37,213 | 12.5 years |
16 kW | $3.74 | $41,901 | $43,421 | 12.3 years |
18 kW | $3.66 | $46,136 | $49,851 | 12.0 years |
20 kW | $3.58 | $50,148 | $56,505 | 11.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Roxborough Park, CO Solar Cost FAQs
How much does it cost to install solar panels in Roxborough Park?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Roxborough Park?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside 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 option if you want to maximize your savings.
Does Roxborough Park have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.