Solar Panel Cost Guide in Firestone, CO (2024 Update)
- Firestone Solar Installation Cost: $14,608
- 25-Year Savings: $17,015
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Firestone
Let’s take a look at the average cost of solar in Firestone.
The average cost of a solar panel system in Firestone is 4 per watt.The average Firestone homeowner needs a 5.2-kilowatt system, which would cost about $14,608 with the federal tax credit, or $20,889 before the 0 tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with.Despite the large initial cost, the average Firestone homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar installation company in Firestone, you can click the button below.
Solar savings over time in Firestone
| Year | Return on Investment |
|---|---|
| 1 years | $-13,527 |
| 3 years | $-11,365 |
| 5 years | $-9,203 |
| 7 years | $-7,041 |
| 9 years | $-4,879 |
| 11 years | $-2,717 |
| 13 years | $-555 |
| 15 years | $1,607 |
| 17 years | $3,769 |
| 19 years | $5,931 |
| 21 years | $8,093 |
| 23 years | $10,255 |
| 25 years | $12,417 |
Top Solar Installers in Firestone
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Firestone
Factors that Affect Solar Panel Costs in Firestone
There are several factors that can play into 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,980 per kilowatt in Firestone.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Firestone average.
Solar Financing Terms
Many homeowners find the average cost of solar in Firestone to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s vital 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 making a larger down payment.
Solar Panel Installation Company
The solar panel installation company 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 company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater 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 names.
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 | $13,383 | 14.1 years |
| 8 kW | $4.06 | $22,734 | $18,289 | 13.9 years |
| 10 kW | $3.98 | $27,860 | $23,419 | 13.6 years |
| 12 kW | $3.90 | $32,763 | $28,771 | 13.3 years |
| 14 kW | $3.82 | $37,444 | $34,347 | 13.0 years |
| 16 kW | $3.74 | $41,901 | $40,145 | 12.8 years |
| 18 kW | $3.66 | $46,136 | $46,166 | 12.5 years |
| 20 kW | $3.58 | $50,148 | $52,410 | 12.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: If you care about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
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 Firestone, CO Solar Cost FAQs
What is the average cost of installing solar panels in Firestone?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Firestone?
Solar panels aren’t free in Firestone, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Firestone have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.