Solar Panel Cost Guide in Trinidad, CO (2025 Update)
- Trinidad Solar Installation Cost: $13,564
- 25-Year Savings: $28,030
- Payback Period: 9.1 Years
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Average Cost of Solar Panels in Trinidad
We break down average solar pricing in Trinidad.
The national average cost of solar panels is $2.66 per watt, but in Trinidad it’s 4 per watt.Because a 4.9-kW system is needed to cover the energy costs of a typical home in Trinidad, the average price of going solar will be about $13,564 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Trinidad homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Trinidad see about $29,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Trinidad
| Year | Return on Investment |
|---|---|
| 1 years | $-12,214 |
| 3 years | $-9,514 |
| 5 years | $-6,814 |
| 7 years | $-4,114 |
| 9 years | $-1,414 |
| 11 years | $1,286 |
| 13 years | $3,986 |
| 15 years | $6,686 |
| 17 years | $9,386 |
| 19 years | $12,086 |
| 21 years | $14,786 |
| 23 years | $17,486 |
| 25 years | $20,186 |
Top Solar Installers in Trinidad
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make converting to solar power much easier. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Trinidad
Factors that Affect Solar Panel Costs in Trinidad
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Trinidad: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,980 per kilowatt in Trinidad.The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a role in determining the cost. Trinidad’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $28,456 | 9.5 years |
| 8 kW | $4.06 | $22,734 | $38,387 | 9.3 years |
| 10 kW | $3.98 | $27,860 | $48,541 | 9.1 years |
| 12 kW | $3.90 | $32,763 | $58,918 | 8.9 years |
| 14 kW | $3.82 | $37,444 | $69,518 | 8.8 years |
| 16 kW | $3.74 | $41,901 | $80,341 | 8.6 years |
| 18 kW | $3.66 | $46,136 | $91,386 | 8.4 years |
| 20 kW | $3.58 | $50,148 | $102,655 | 8.2 years |
How to Save on Solar Panels
There are many companies to choose from in Trinidad, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: If you care about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should opt for, since different companies offer different panels.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
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 Trinidad, CO Solar Cost FAQs
What is the average cost of installing solar panels in Trinidad?
The average cost of solar panels in Trinidad is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
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 reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Trinidad?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.