Solar Panel Cost Guide in Security-Widefield, CO (2023 Update)
- Security-Widefield Solar Installation Cost: $9,448
- 25-Year Savings: $21,255
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Security-Widefield
Find out what the average cost of solar panel installation is in Security-Widefield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Security-Widefield, the typical cost of solar panels is 2.69 per watt. The average solar panel system size in Security-Widefield is around 5.0 kilowatts, meaning a cost of about $9,453 for a solar installation, or $13,518 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Security-Widefield based on a variety of factors, such as the type of solar panels you choose and the solar company you hire. Even with the large initial cost, the average Security-Widefield homeowner can save about $23,000 on their power bills over 20 years, which is one of the positives of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Security-Widefield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,346 |
| 3 years | $-9,141 |
| 5 years | $-8,937 |
| 7 years | $-8,732 |
| 9 years | $-8,527 |
| 11 years | $-8,323 |
| 13 years | $-8,118 |
| 15 years | $-7,913 |
| 17 years | $-7,708 |
| 19 years | $-7,504 |
| 21 years | $-7,299 |
| 23 years | $-7,094 |
| 25 years | $-6,890 |
Top Solar Installers in Security-Widefield
Although it's possible to install solar panels yourself, it takes extra time and handiness. That's why almost all homeowners choose a solar panel installer. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Security-Widefield
Factors that Affect Solar Panel Costs in Security-Widefield
For many Security-Widefield homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Security-Widefield, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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 $2,690. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Security-Widefield have solar loans, which reduce your upfront costs of installing solar panels. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Security-Widefield is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Security-Widefield are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $24,964 | 8.0 years |
| 8 kW | $2.74 | $15,365 | $33,586 | 7.8 years |
| 10 kW | $2.69 | $18,830 | $42,360 | 7.7 years |
| 12 kW | $2.64 | $22,144 | $51,283 | 7.5 years |
| 14 kW | $2.58 | $25,308 | $60,358 | 7.4 years |
| 16 kW | $2.53 | $28,320 | $69,583 | 7.2 years |
| 18 kW | $2.47 | $31,182 | $78,959 | 7.1 years |
| 20 kW | $2.42 | $33,894 | $88,485 | 6.9 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:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- 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.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Security-Widefield, CO Solar Cost FAQs
How much does it cost to install solar panels in Security-Widefield?
The average cost of solar panels in Security-Widefield 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Security-Widefield?
You can't get solar panels for free in Security-Widefield. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Security-Widefield, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 get between 20 and 35 panels to cover 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.