Solar Panel Cost Guide in Federal Heights, CO (2024 Update)
- Federal Heights Solar Installation Cost: $14,371
- 25-Year Savings: $16,013
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Federal Heights
Find out what the average cost of solar panel installation is in Federal Heights.
In Federal Heights, solar panels cost about 4 per watt on average.The average solar panel system size in Federal Heights is around 5.2 kilowatts, meaning a cost of about $14,371 for a solar installation, or $20,551 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will vary based on the amount of energy your home requires and what company you want to go with.Despite the large upfront cost, the average Federal Heights homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free quote from a top solar installation company in Federal Heights, you can click the button below.
Solar savings over time in Federal Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-13,403 |
| 3 years | $-11,466 |
| 5 years | $-9,530 |
| 7 years | $-7,594 |
| 9 years | $-5,658 |
| 11 years | $-3,722 |
| 13 years | $-1,785 |
| 15 years | $151 |
| 17 years | $2,087 |
| 19 years | $4,023 |
| 21 years | $5,960 |
| 23 years | $7,896 |
| 25 years | $9,832 |
Top Solar Installers in Federal Heights
Putting up solar panels yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another advantage of using a solar installer is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are various licensed solar professionals that can help you install your solar system. 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 Federal Heights
Factors that Affect Solar Panel Costs in Federal Heights
There are a number of factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Federal Heights, and each can charge different amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you want and also fits within your budget.
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 | $12,540 | 14.5 years |
| 8 kW | $4.06 | $22,734 | $17,165 | 14.2 years |
| 10 kW | $3.98 | $27,860 | $22,014 | 14.0 years |
| 12 kW | $3.90 | $32,763 | $27,085 | 13.7 years |
| 14 kW | $3.82 | $37,444 | $32,380 | 13.4 years |
| 16 kW | $3.74 | $41,901 | $37,897 | 13.1 years |
| 18 kW | $3.66 | $46,136 | $43,637 | 12.8 years |
| 20 kW | $3.58 | $50,148 | $49,600 | 12.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
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 Federal Heights, CO Solar Cost FAQs
What is the average cost of installing solar panels in Federal Heights?
The average cost of solar panels in Federal Heights 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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider 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.
How much can I save on power bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Federal Heights, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Federal Heights?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.