Solar Panel Cost Guide in Woodland Park, CO (2024 Update)

  • Woodland Park Solar Installation Cost: $14,457
  • 25-Year Savings: $22,944
  • Payback Period: 11.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Woodland Park

Find out what the average cost of installing solar panels is in Woodland Park.

The national average cost of solar panels is $2.66 per watt, but in Woodland Park it’s 4 per watt.Since a 5.2-kW system is needed to cover the energy needs of a typical home in Woodland Park, the average price of going solar will be about $14,457 after claiming the federal solar tax credit of 0.

Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.Despite the significant initial cost, the average Woodland Park homeowner can save about $24,000 on their energy bills over 20 years, which is one of the benefits of solar.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Woodland Park

Year Return on Investment
1 years $-13,213
3 years $-10,725
5 years $-8,236
7 years $-5,748
9 years $-3,260
11 years $-772
13 years $1,717
15 years $4,205
17 years $6,693
19 years $9,181
21 years $11,670
23 years $14,158
25 years $16,646

Top Solar Installers in Woodland Park

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your switch to solar power much easier. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Woodland Park:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Woodland Park

Factors that Affect Solar Panel Costs in Woodland Park

For many Woodland Park homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Woodland Park, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 power bills. In addition, extra products, like solar batteries, can bring your total well above the Woodland Park average.

Solar Financing Terms

Most solar companies in Woodland Park have solar loans, which reduce your upfront costs of installing solar.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

Finally, the company you get to install your solar panels can influence your pricing. Woodland Park’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also is within your budget.

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 $20,442 11.5 years
8 kW $4.06 $22,734 $27,702 11.3 years
10 kW $3.98 $27,860 $35,185 11.0 years
12 kW $3.90 $32,763 $42,891 10.8 years
14 kW $3.82 $37,444 $50,819 10.6 years
16 kW $3.74 $41,901 $58,971 10.4 years
18 kW $3.66 $46,136 $67,345 10.2 years
20 kW $3.58 $50,148 $75,942 9.9 years

How to Save on Solar Panels

Since the kind of solar panels and the installer you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
  • Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
  • Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
  • Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Woodland Park, CO Solar Cost FAQs

What is the average cost of installing solar panels in Woodland Park?

This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Woodland Park?

You can’t get solar panels for free in Woodland Park. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

How will installing solar panels impact my property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Woodland Park is currently $535,022, which means you can look forward to a value of about $21,936 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Woodland Park is a worthwhile investment.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and how much 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.

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