Solar Panel Cost Guide in Colorado City, TX (Mar 2023)
- Colorado City Solar Installation Cost: $13,275
- 25-Year Savings: $30,185
- Payback Period: 7.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Colorado City
Find out what the average cost of installing solar panels is in Colorado City.
While the national average of solar panels is $2.66 per watt, solar panels in Colorado City generally cost around 2.69. Using this figure, a typical 7.0-kW system would cost about $13,275 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Colorado City based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Colorado City see about $23,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Colorado City for a custom estimate.
Solar savings over time in Colorado City
| Year | Return on Investment |
|---|---|
| 1 years | $-11,537 |
| 3 years | $-8,060 |
| 5 years | $-4,583 |
| 7 years | $-1,106 |
| 9 years | $2,371 |
| 11 years | $5,847 |
| 13 years | $9,324 |
| 15 years | $12,801 |
| 17 years | $16,278 |
| 19 years | $19,755 |
| 21 years | $23,232 |
| 23 years | $26,709 |
| 25 years | $30,185 |
Top Solar Installers in Colorado City
When going solar, many homeowners opt to hire a solar installer since installing a solar system yourself can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Colorado City
Factors that Affect Solar Panel Costs in Colorado City
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require 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 $2,690. The brand of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Colorado City, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Colorado City, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of 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 lower 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 | $2.80 | $11,750 | $25,230 | 7.9 years |
| 8 kW | $2.74 | $15,365 | $33,941 | 7.8 years |
| 10 kW | $2.69 | $18,830 | $42,803 | 7.6 years |
| 12 kW | $2.64 | $22,144 | $51,815 | 7.5 years |
| 14 kW | $2.58 | $25,308 | $60,978 | 7.3 years |
| 16 kW | $2.53 | $28,320 | $70,292 | 7.2 years |
| 18 kW | $2.47 | $31,182 | $79,756 | 7.0 years |
| 20 kW | $2.42 | $33,894 | $89,371 | 6.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should go with, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Colorado City, TX Solar Cost FAQs
What is the average cost of installing solar panels in Colorado City?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Colorado City?
You can't get solar panels for free in Colorado City. 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.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,232.65 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.