Solar Panel Cost Guide in Avon, CO (2024 Update)
- Avon Solar Installation Cost: $14,735
- 25-Year Savings: $15,334
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Avon
Find out what the average cost of solar panel installation is in Avon.
While the national average of solar panels is $2.66 per watt, solar panels in Avon typically cost around 4.The average Avon homeowner needs a 5.3-kilowatt system, which would cost about $14,735 with the federal tax credit, or $21,071 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Avon find installing solar panels can be quite rewarding.
To receive a free estimate from a vetted solar company in Avon, you can click the button below.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-13,767 |
| 3 years | $-11,830 |
| 5 years | $-9,894 |
| 7 years | $-7,958 |
| 9 years | $-6,022 |
| 11 years | $-4,086 |
| 13 years | $-2,149 |
| 15 years | $-213 |
| 17 years | $1,723 |
| 19 years | $3,659 |
| 21 years | $5,596 |
| 23 years | $7,532 |
| 25 years | $9,468 |
Top Solar Installers in Avon
Trying to install solar panels on your own can be a stressful project, which is why getting a solar installation company is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- 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 Avon
Factors that Affect Solar Panel Costs in Avon
There are many criteria that can affect your total 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 size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,980. The model of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, 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 looking for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Avon, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $11,309 | 15.1 years |
| 8 kW | $4.06 | $22,734 | $15,525 | 14.9 years |
| 10 kW | $3.98 | $27,860 | $19,963 | 14.6 years |
| 12 kW | $3.90 | $32,763 | $24,624 | 14.3 years |
| 14 kW | $3.82 | $37,444 | $29,509 | 14.0 years |
| 16 kW | $3.74 | $41,901 | $34,616 | 13.7 years |
| 18 kW | $3.66 | $46,136 | $39,945 | 13.4 years |
| 20 kW | $3.58 | $50,148 | $45,498 | 13.1 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:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a solid 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 will have different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Avon, CO Solar Cost FAQs
What is the average cost of installing solar panels in Avon?
The average cost of solar panels in Avon is about $19,900 for a 5-kW system and $39,800 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Avon, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.