Solar Panel Cost Guide in Sherrelwood, CO (2023 Update)

  • Sherrelwood Solar Installation Cost: $9,713
  • 25-Year Savings: $15,759
  • Payback Period: 9.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Sherrelwood

Find out what the average cost of installing solar panels is in Sherrelwood.

In Sherrelwood, solar panels cost about 2.69 per watt on average. The average Sherrelwood homeowner needs a 5.2-kilowatt system, which would cost about $9,716 with the federal tax credit, or $13,894 before the 30% tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Sherrelwood homeowners. 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. With average savings of about $19,000 on power bills over 20 years, many homeowners in Sherrelwood find investing in solar can pay off big.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Sherrelwood

Year Return on Investment
1 years $-8,745
3 years $-6,809
5 years $-4,872
7 years $-2,936
9 years $-1,000
11 years $936
13 years $2,873
15 years $4,809
17 years $6,745
19 years $8,681
21 years $10,617
23 years $12,554
25 years $14,490

Top Solar Installers in Sherrelwood

DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make switching to solar power much easier. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.

If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Sherrelwood:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Sherrelwood

Factors that Affect Solar Panel Costs in Sherrelwood

The cost of installing a solar system in Sherrelwood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation 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 kind of equipment you get for your solar system can raise or lower 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Sherrelwood homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

A final factor to consider when trying to estimate the cost of solar for your home or business in Sherrelwood is the company you hire to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different costs. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $17,879 9.9 years
8 kW $2.74 $15,365 $24,139 9.7 years
10 kW $2.69 $18,830 $30,551 9.5 years
12 kW $2.64 $22,144 $37,113 9.3 years
14 kW $2.58 $25,308 $43,826 9.2 years
16 kW $2.53 $28,320 $50,689 9.0 years
18 kW $2.47 $31,182 $57,703 8.8 years
20 kW $2.42 $33,894 $64,868 8.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:

  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
  • Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

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 $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Is switching to solar power worth it?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

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 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.

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