Solar Panel Cost Guide in Steamboat Springs, CO (Dec 2022)

  • Steamboat Springs Solar Installation Cost: $9,566
  • 25-Year Savings: $17,487
  • Payback Period: 8.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Steamboat Springs

Find out how much it might cost to switch to solar power in Steamboat Springs.

The national average cost of solar panels is $2.66 per watt, but in Steamboat Springs it's $3 per watt. Since a 5.1-kW system is needed to cover the energy usage of a typical home in Steamboat Springs, the average price of going solar will be about $9,566 before claiming the federal solar tax credit of 30%.

Keep in mind that the figures above are only estimates based on the average Steamboat Springs homeowner. 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. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.

To receive a free quote from a pre-vetted solar company in Steamboat Springs, you can click the button below.

Solar savings over time in Steamboat Springs

Year Return on Investment
1 years $-8,484
3 years $-6,319
5 years $-4,155
7 years $-1,991
9 years $173
11 years $2,338
13 years $4,502
15 years $6,666
17 years $8,830
19 years $10,995
21 years $13,159
23 years $15,323
25 years $17,487

Top Solar Installers in Steamboat Springs

Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. The payback period on a solar system will vary based on factors like your location and energy use, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.

If you'd like to go solar but still aren't sure which solar system company to go with, here are our recommendations for providers in Steamboat Springs:

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Steamboat Springs

Factors that Affect Solar Panel Costs in Steamboat Springs

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Steamboat Springs: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,690. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Steamboat Springs, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. While solar loans make adopting solar energy more accessible for Steamboat Springs homeowners, they can also increase 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 avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you opt for to install your solar system can influence your pricing. Steamboat Springs' solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 $2.80 $11,750 $20,233 9.2 years
8 kW $2.74 $15,365 $27,279 9.0 years
10 kW $2.69 $18,830 $34,475 8.8 years
12 kW $2.64 $22,144 $41,822 8.7 years
14 kW $2.58 $25,308 $49,320 8.5 years
16 kW $2.53 $28,320 $56,968 8.3 years
18 kW $2.47 $31,182 $64,767 8.1 years
20 kW $2.42 $33,894 $72,716 7.9 years

How to Save on Solar Panels

There are a lot of companies available in Steamboat Springs, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
  • Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Warranty: If you're worried about the longevity of your solar energy system, verifying that your company 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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Steamboat Springs, CO Solar Cost FAQs

How much does it cost to install solar panels in Steamboat Springs?

The average cost of solar panels in Steamboat Springs 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 other than cost when buying solar panels?

Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Does Steamboat Springs have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.

How long do solar panels last in Steamboat Springs?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.

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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