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.
The average cost of a solar panel system in Todd Creek is 4 per watt.The average Todd Creek homeowner needs a 5.2-kilowatt system, which would cost about $14,371 with the federal tax credit, or $20,551 before the 0 tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on your specific situation and what company you want to go with.Despite the significant initial cost, the average Todd Creek homeowner can save around $20,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar company in Todd Creek for a personalized estimate.
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
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using an installer can make converting to solar power much easier. Plus, if you’d like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're looking for a solar company in Todd Creek, the EcoWatch team has compiled a list of our top suggestions here:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Todd Creek
Factors that Affect Solar Panel Costs in Todd Creek
For many Todd Creek homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Todd Creek, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,980 per kilowatt in Todd Creek.Some solar 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. In addition, if you have a small roof or you don’t have a lot of 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
Most solar installers in Todd Creek have solar loans, which reduce the initial cost of installing solar.While solar loans make going solar more accessible for Todd Creek homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better 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 down 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 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: When looking 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 like a system component breaking or the company going out of business.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 many 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose 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 feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. 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.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.