Solar Panel Cost Guide in Roxborough Park, CO (2023 Update)
- Roxborough Park Solar Installation Cost: $9,687
- 25-Year Savings: $17,747
- Payback Period: 8.8 Years
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Updated September 15, 2023
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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.
In Roxborough Park, solar panels cost about 2.69 per watt on average. Using this figure, a typical 5.1-kW system would cost about $9,679 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may vary based on your energy needs and what company you want to go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Roxborough Park can save about $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Roxborough Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Roxborough Park
| Year | Return on Investment |
|---|---|
| 1 years | $-8,719 |
| 3 years | $-6,783 |
| 5 years | $-4,847 |
| 7 years | $-2,910 |
| 9 years | $-974 |
| 11 years | $962 |
| 13 years | $2,898 |
| 15 years | $4,834 |
| 17 years | $6,771 |
| 19 years | $8,707 |
| 21 years | $10,643 |
| 23 years | $12,579 |
| 25 years | $14,515 |
Top Solar Installers in Roxborough Park
Trying to install solar panels on your own can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for your family.
If you're on the hunt for a solar company in Roxborough Park, we've organized a list of our top suggestions here:
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 Roxborough Park
Factors that Affect Solar Panel Costs in Roxborough Park
There are many factors that can determine your total 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
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $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. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Roxborough Park average.
Solar Financing Terms
Most solar companies in Roxborough Park provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Roxborough Park, and each can charge varying amounts for labor and equipment. 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 access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $20,246 | 9.2 years |
| 8 kW | $2.74 | $15,365 | $27,296 | 9.0 years |
| 10 kW | $2.69 | $18,830 | $34,496 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $41,848 | 8.7 years |
| 14 kW | $2.58 | $25,308 | $49,350 | 8.5 years |
| 16 kW | $2.53 | $28,320 | $57,002 | 8.3 years |
| 18 kW | $2.47 | $31,182 | $64,805 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $72,759 | 7.9 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should go with, since different companies have access to different panels.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Roxborough Park, CO Solar Cost FAQs
How much does it cost to install solar panels in Roxborough Park?
The average cost of solar panels in Roxborough 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Roxborough Park?
A solar panel system isn't free in Roxborough Park, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Roxborough Park?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 account for 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.