Solar Panel Cost Guide in Todd Creek, CO (2024 Update)
- Todd Creek Solar Installation Cost: $14,371
- 25-Year Savings: $17,456
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Todd Creek
Let’s have a look at the average cost of solar in Todd Creek.
While the national average of solar panels is $2.66 per watt, solar panels in Todd Creek generally cost about 4.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 $14,371, or $20,551 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Todd Creek homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Todd Creek can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Todd Creek for a quote for your home.
Solar savings over time in Todd Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-13,327 |
| 3 years | $-11,241 |
| 5 years | $-9,154 |
| 7 years | $-7,067 |
| 9 years | $-4,980 |
| 11 years | $-2,894 |
| 13 years | $-807 |
| 15 years | $1,280 |
| 17 years | $3,366 |
| 19 years | $5,453 |
| 21 years | $7,540 |
| 23 years | $9,627 |
| 25 years | $11,713 |
Top Solar Installers in Todd Creek
Many homeowners choose to hire a solar panel installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Some solar companies, particularly local ones, can help you make the most of incentives in Todd Creek, thereby optimizing your ROI.
If you're looking for a solar company in Todd Creek, we've put together a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- 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 Todd Creek
Factors that Affect Solar Panel Costs in Todd Creek
Although the average cost of a solar system in Todd Creek is $14,371, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need for your home, 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 about $3,980. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Todd Creek, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Todd Creek homeowners choose to finance their solar panel systems to make paying for solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Todd Creek, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk 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 | $4.14 | $17,385 | $14,218 | 13.8 years |
| 8 kW | $4.06 | $22,734 | $19,404 | 13.5 years |
| 10 kW | $3.98 | $27,860 | $24,812 | 13.2 years |
| 12 kW | $3.90 | $32,763 | $30,443 | 13.0 years |
| 14 kW | $3.82 | $37,444 | $36,297 | 12.7 years |
| 16 kW | $3.74 | $41,901 | $42,373 | 12.4 years |
| 18 kW | $3.66 | $46,136 | $48,673 | 12.2 years |
| 20 kW | $3.58 | $50,148 | $55,195 | 11.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 precisely, because the cost depends on a few different factors. Generally speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Todd Creek?
Solar panels aren’t free in Todd Creek, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,053.43 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install between 20 and 35 panels to account for 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.