Solar Panel Cost Guide in Sherrelwood, CO (2025 Update)
- Sherrelwood Solar Installation Cost: $14,371
- 25-Year Savings: $9,832
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Sherrelwood
See how much it might cost to make the switch to solar in Sherrelwood.
The national average cost of solar panels is $2.66 per watt, but in Sherrelwood it’s 4 per watt.Using this figure, a typical 5.2-kW system would cost about $14,371 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more.With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Sherrelwood find investing in solar can be quite rewarding.
To receive a free estimate from a top solar installation company in Sherrelwood, you can click the button below.
Solar savings over time in Sherrelwood
| Year | Return on Investment |
|---|---|
| 1 years | $-13,403 |
| 3 years | $-11,466 |
| 5 years | $-9,530 |
| 7 years | $-7,594 |
| 9 years | $-5,658 |
| 11 years | $-3,722 |
| 13 years | $-1,785 |
| 15 years | $151 |
| 17 years | $2,087 |
| 19 years | $4,023 |
| 21 years | $5,960 |
| 23 years | $7,896 |
| 25 years | $9,832 |
Top Solar Installers in Sherrelwood
Trying to put up solar panels yourself can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. The expertise that solar companies provide can be useful as well, particularly if you don’t quite know what kind of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Sherrelwood:
See all of the solar companies in Sherrelwood
Factors that Affect Solar Panel Costs in Sherrelwood
Though the average cost of a solar system in Sherrelwood is $14,371, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,980 per kilowatt in Sherrelwood.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Sherrelwood offer solar loans, which reduce the initial cost of installing a solar system.Although solar loans make switching to solar energy more accessible for Sherrelwood homeowners, they can also add to the total you pay for your system due to interest. 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 solar installation company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $12,244 | 14.7 years |
| 8 kW | $4.06 | $22,734 | $16,771 | 14.4 years |
| 10 kW | $3.98 | $27,860 | $21,521 | 14.1 years |
| 12 kW | $3.90 | $32,763 | $26,494 | 13.8 years |
| 14 kW | $3.82 | $37,444 | $31,689 | 13.5 years |
| 16 kW | $3.74 | $41,901 | $37,108 | 13.3 years |
| 18 kW | $3.66 | $46,136 | $42,750 | 13.0 years |
| 20 kW | $3.58 | $50,148 | $48,614 | 12.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Sherrelwood, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- 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 likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
EcoWatch's Sherrelwood, CO Solar Cost FAQs
How much does it cost to install solar panels in Sherrelwood?
The average cost of solar panels in Sherrelwood 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Sherrelwood?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback 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 way to go if you want to get the most savings.
Can you sell solar power back to the grid in Sherrelwood?
The majority of 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 energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 buy 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.