Solar Panel Cost Guide in Woodmoor, CO (2024 Update)

  • Woodmoor Solar Installation Cost: $13,979
  • 25-Year Savings: $21,359
  • Payback Period: 11.3 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 Woodmoor

Let’s take a look at the average cost of solar in Woodmoor.

Although the national average of solar panels is $2.66 per watt, solar panels in Woodmoor typically cost around 4.The average solar panel system size in Woodmoor is around 5.0 kilowatts, meaning a cost of about $13,979 for a solar installation, or $19,990 before the 0 federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Woodmoor homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $23,000 on energy bills over 20 years, many homeowners in Woodmoor find installing solar panels can be quite rewarding.

To get a free quote from a vetted solar company in Woodmoor, you can click the button below.

Solar savings over time in Woodmoor

Year Return on Investment
1 years $-12,877
3 years $-10,671
5 years $-8,466
7 years $-6,260
9 years $-4,054
11 years $-1,849
13 years $357
15 years $2,562
17 years $4,768
19 years $6,974
21 years $9,179
23 years $11,385
25 years $13,590

Top Solar Installers in Woodmoor

Although you can install solar panels on your own, it requires extra labor and knowledge. That's one of the reasons most people choose to go with a solar panel installer. Another benefit of using a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.

If you're searching for a solar company in Woodmoor, the EcoWatch team has put together a list of our top suggestions here:

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 Woodmoor

Factors that Affect Solar Panel Costs in Woodmoor

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

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,980.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Woodmoor to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

The last major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Woodmoor, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, 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 $19,453 11.8 years
8 kW $4.06 $22,734 $26,383 11.6 years
10 kW $3.98 $27,860 $33,536 11.3 years
12 kW $3.90 $32,763 $40,911 11.1 years
14 kW $3.82 $37,444 $48,510 10.9 years
16 kW $3.74 $41,901 $56,332 10.7 years
18 kW $3.66 $46,136 $64,376 10.4 years
20 kW $3.58 $50,148 $72,643 10.2 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 find the right company for you, here are some tips to keep in mind:

  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
  • Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.

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 Woodmoor, CO Solar Cost FAQs

How much does it cost to install solar panels in Woodmoor?

The average cost of solar panels in Woodmoor is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider apart from cost when buying solar panels?

The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

How will having solar panels impact my property value?

Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you need to know 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 house 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.

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