Solar Panel Cost Guide in Gypsum, KS (2024 Update)
- Gypsum Solar Installation Cost: $17,256
- 25-Year Savings: $30,078
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Gypsum
See how much it might cost to switch to solar power in Gypsum.
The national average cost of solar panels is $2.66 per watt, but in Gypsum it’s 3 per watt.The average solar panel system size in Gypsum is around 7.4 kilowatts, meaning a cost of about $17,256 for a solar installation, or $24,676 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront cost of solar panels is worth paying. On average Gypsum homeowners see about $22,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar installation company in Gypsum, you can click the button below.
Solar savings over time in Gypsum
| Year | Return on Investment |
|---|---|
| 1 years | $-15,920 |
| 3 years | $-13,247 |
| 5 years | $-10,575 |
| 7 years | $-7,903 |
| 9 years | $-5,231 |
| 11 years | $-2,559 |
| 13 years | $113 |
| 15 years | $2,785 |
| 17 years | $5,457 |
| 19 years | $8,130 |
| 21 years | $10,802 |
| 23 years | $13,474 |
| 25 years | $16,146 |
Top Solar Installers in Gypsum
When making the switch to solar, many homeowners decide to use a solar company since handling can be a time-consuming project. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Gypsum
Factors that Affect Solar Panel Costs in Gypsum
For many Gypsum homeowners, the decision to go solar depends on 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 numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Gypsum to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Gypsum is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs.Additionally, some companies in Gypsum know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.47 | $14,589 | $20,741 | 10.3 years |
| 8 kW | $3.41 | $19,078 | $28,028 | 10.1 years |
| 10 kW | $3.34 | $23,380 | $35,503 | 9.9 years |
| 12 kW | $3.27 | $27,495 | $43,165 | 9.7 years |
| 14 kW | $3.21 | $31,423 | $51,013 | 9.5 years |
| 16 kW | $3.14 | $35,164 | $59,049 | 9.3 years |
| 18 kW | $3.07 | $38,717 | $67,272 | 9.1 years |
| 20 kW | $3.01 | $42,084 | $75,682 | 8.9 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Warranty: If you’re worried about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Gypsum, KS Solar Cost FAQs
What is the average cost of installing solar panels in Gypsum?
The average cost of solar panels in Gypsum is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Gypsum?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably 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."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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.