Solar Panel Cost Guide in Todd Creek, CO (2023 Update)
- Todd Creek Solar Installation Cost: $9,716
- 25-Year Savings: $17,453
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Todd Creek
Find out how much it might cost to make the switch to solar in Todd Creek.
The national average cost of solar panels is $2.66 per watt, but in Todd Creek it's 2.69 per watt. To account for the typical energy needs of the average home in Todd Creek, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,716, or $13,894 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you choose to go with. With average savings of about $20,000 on energy bills over 20 years, many homeowners in Todd Creek find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Todd Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-8,630 |
| 3 years | $-6,456 |
| 5 years | $-4,282 |
| 7 years | $-2,109 |
| 9 years | $65 |
| 11 years | $2,238 |
| 13 years | $4,412 |
| 15 years | $6,585 |
| 17 years | $8,759 |
| 19 years | $10,932 |
| 21 years | $13,106 |
| 23 years | $15,279 |
| 25 years | $17,453 |
Top Solar Installers in Todd Creek
When going solar, many homeowners choose to hire a solar installer since putting up a solar system yourself can be a time-consuming project. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Todd Creek
Factors that Affect Solar Panel Costs in Todd Creek
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $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 choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Todd Creek average.
Solar Financing Terms
Most solar installers in Todd Creek provide solar loans, which reduce your upfront costs of installing a solar system. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect the cost. Todd Creek's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $19,853 | 9.3 years |
| 8 kW | $2.74 | $15,365 | $26,772 | 9.1 years |
| 10 kW | $2.69 | $18,830 | $33,842 | 8.9 years |
| 12 kW | $2.64 | $22,144 | $41,062 | 8.8 years |
| 14 kW | $2.58 | $25,308 | $48,433 | 8.6 years |
| 16 kW | $2.53 | $28,320 | $55,954 | 8.4 years |
| 18 kW | $2.47 | $31,182 | $63,627 | 8.2 years |
| 20 kW | $2.42 | $33,894 | $71,449 | 8.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: If you care about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Todd Creek, CO Solar Cost FAQs
What is the average cost of installing solar panels in Todd Creek?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will having solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Todd Creek?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.