Solar Panel Cost Guide in Dacono, CO (2024 Update)
- Dacono Solar Installation Cost: $14,608
- 25-Year Savings: $17,557
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Dacono
Find out how much it might cost to go solar in Dacono.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dacono, the typical cost of solar panels is 4 per watt.To cover the typical energy usage of the average home in Dacono, most homeowners require a 5.2-kilowatt system. Using the figure above, a solar installation costs around $14,608, or $20,889 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and the cost of going solar for you will vary based on your energy needs and what company you choose to go with.Despite the large initial cost, the average Dacono homeowner can save around $20,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Dacono for a quote for your home.
Solar savings over time in Dacono
| Year | Return on Investment |
|---|---|
| 1 years | $-13,565 |
| 3 years | $-11,478 |
| 5 years | $-9,391 |
| 7 years | $-7,305 |
| 9 years | $-5,218 |
| 11 years | $-3,131 |
| 13 years | $-1,044 |
| 15 years | $1,042 |
| 17 years | $3,129 |
| 19 years | $5,216 |
| 21 years | $7,302 |
| 23 years | $9,389 |
| 25 years | $11,476 |
Top Solar Installers in Dacono
Although you can install solar panels on your own, it requires extra time and knowledge. For that reason, the majority of homeowners choose to go with a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for you.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Dacono
Factors that Affect Solar Panel Costs in Dacono
There are several factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar system in Dacono, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,980 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better 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 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 | $14,003 | 13.8 years |
| 8 kW | $4.06 | $22,734 | $19,117 | 13.6 years |
| 10 kW | $3.98 | $27,860 | $24,453 | 13.3 years |
| 12 kW | $3.90 | $32,763 | $30,012 | 13.0 years |
| 14 kW | $3.82 | $37,444 | $35,794 | 12.8 years |
| 16 kW | $3.74 | $41,901 | $41,799 | 12.5 years |
| 18 kW | $3.66 | $46,136 | $48,027 | 12.2 years |
| 20 kW | $3.58 | $50,148 | $54,478 | 12.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
Best National Provider
SunPower
- 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
- 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 Dacono, CO Solar Cost FAQs
How much does it cost to install solar panels in Dacono?
The average cost of solar panels in Dacono 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 like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Dacono?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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 cover 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.