Solar Panel Cost Guide in Evergreen, CO (2024 Update)

  • Evergreen Solar Installation Cost: $14,622
  • 25-Year Savings: $17,746
  • Payback Period: 13.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Evergreen

Let’s take a look at the average cost of solar in Evergreen.

The national average cost of solar panels is $2.66 per watt, but in Evergreen it’s 4 per watt.The average Evergreen homeowner needs a 5.2-kilowatt system, which would cost about $14,622 with the federal tax credit, or $20,909 before the 0 tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.

To get a free estimate from a vetted solar company in Evergreen, you can click the button below.

Solar savings over time in Evergreen

Year Return on Investment
1 years $-13,654
3 years $-11,718
5 years $-9,781
7 years $-7,845
9 years $-5,909
11 years $-3,973
13 years $-2,037
15 years $-100
17 years $1,836
19 years $3,772
21 years $5,708
23 years $7,645
25 years $9,581

Top Solar Installers in Evergreen

Many homeowners choose to use a solar panel installer since figuring out how to install solar panels yourself can be challenging. Another good thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.

If you're on the hunt for a solar company in Evergreen, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Evergreen

Factors that Affect Solar Panel Costs in Evergreen

The cost of installing a solar system in Evergreen can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,980 per kilowatt in Evergreen.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Evergreen, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Evergreen, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Evergreen, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in your total costs. 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 generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 $14,201 13.8 years
8 kW $4.06 $22,734 $19,380 13.5 years
10 kW $3.98 $27,860 $24,782 13.2 years
12 kW $3.90 $32,763 $30,408 13.0 years
14 kW $3.82 $37,444 $36,256 12.7 years
16 kW $3.74 $41,901 $42,326 12.4 years
18 kW $3.66 $46,136 $48,620 12.2 years
20 kW $3.58 $50,148 $55,137 11.9 years

How to Save on Solar Panels

The solar installer you choose will influence 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 some important things you should keep in mind, including:

  • Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
  • Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
  • Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Evergreen, CO Solar Cost FAQs

How much does it cost to install solar panels in Evergreen?

The average cost of solar panels in Evergreen 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

How will solar panels impact the value of my home?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for 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."

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 how much sunlight your roof gets. You can 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 get 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.

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