Solar Panel Cost Guide in Gypsum, KS (Mar 2023)
- Gypsum Solar Installation Cost: $13,380
- 25-Year Savings: $30,079
- Payback Period: 7.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gypsum
Find out what the average cost of solar panel installation is in Gypsum.
While the national average of solar panels is $2.66 per watt, solar panels in Gypsum typically cost about 2.59. Using this figure, a typical 7.4-kW system would cost about $13,380 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Gypsum homeowner. The cost 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. But, once you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar company in Gypsum for a quote for your home.
Solar savings over time in Gypsum
| Year | Return on Investment |
|---|---|
| 1 years | $-11,642 |
| 3 years | $-8,165 |
| 5 years | $-4,688 |
| 7 years | $-1,211 |
| 9 years | $2,265 |
| 11 years | $5,742 |
| 13 years | $9,219 |
| 15 years | $12,695 |
| 17 years | $16,172 |
| 19 years | $19,649 |
| 21 years | $23,126 |
| 23 years | $26,602 |
| 25 years | $30,079 |
Top Solar Installers in Gypsum
When making the switch to solar, many homeowners choose to hire a solar company since putting up a solar system yourself can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for you.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Gypsum
Factors that Affect Solar Panel Costs in Gypsum
For many Gypsum homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Gypsum, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,590. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Gypsum average.
Solar Financing Terms
Most solar installers in Gypsum provide solar loans, which reduce your upfront costs of installing solar panels. Though solar loans make going solar more accessible for Gypsum homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Gypsum, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $2.69 | $11,313 | $24,017 | 8.0 years |
| 8 kW | $2.64 | $14,794 | $32,312 | 7.9 years |
| 10 kW | $2.59 | $18,130 | $40,753 | 7.7 years |
| 12 kW | $2.54 | $21,321 | $49,339 | 7.5 years |
| 14 kW | $2.49 | $24,367 | $58,069 | 7.4 years |
| 16 kW | $2.43 | $27,268 | $66,945 | 7.2 years |
| 18 kW | $2.38 | $30,023 | $75,966 | 7.1 years |
| 20 kW | $2.33 | $32,634 | $85,132 | 6.9 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 find the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a high 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 support, such as part repairs and replacements.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which installer you should choose, since different companies have different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Gypsum, KS Solar Cost FAQs
What is the average cost of installing solar panels in Gypsum?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Gypsum?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Gypsum?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.