Solar Panel Cost Guide in Woodland Park, CO (Jan 2023)
- Woodland Park Solar Installation Cost: $9,773
- 25-Year Savings: $22,943
- Payback Period: 7.5 Years
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Top Solar Installers in Woodland Park
When going solar, many homeowners prefer to go with a solar installer since putting up a solar system yourself can be a challenging project. The expertise that solar companies offer can be helpful as well, particularly if you aren't sure what type of solar equipment would be right for your home.
If you're searching for a solar company in Woodland Park, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Woodland Park
Factors that Affect Solar Panel Costs in Woodland Park
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
When it comes to estimating the price of a solar panel system in Woodland Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,690 for each additional kilowatt you need. The kind of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Woodland Park homeowners choose to finance their solar panel systems to make paying for solar more affordable. While solar loans make adopting solar energy more accessible for Woodland Park homeowners, they can also raise the total you pay for your system due to interest. 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 choose to install your solar panels can influence the cost. Woodland Park's solar companies all have different labor costs and add varying upcharges to 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||$2.80||$11,750||$26,077||7.8 years|
|8 kW||$2.74||$15,365||$35,071||7.6 years|
|10 kW||$2.69||$18,830||$44,215||7.5 years|
|12 kW||$2.64||$22,144||$53,510||7.3 years|
|14 kW||$2.58||$25,308||$62,956||7.2 years|
|16 kW||$2.53||$28,320||$72,552||7.0 years|
|18 kW||$2.47||$31,182||$82,299||6.9 years|
|20 kW||$2.42||$33,894||$92,196||6.7 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
EcoWatch's Woodland Park, CO Solar Cost FAQs
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.