Solar Panel Cost Guide in Frederick, CO (2024 Update)
- Frederick Solar Installation Cost: $14,608
- 25-Year Savings: $17,079
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Frederick
Find out what the average cost of a solar system is in Frederick.
The average cost of a solar panel system in Frederick is 4 per watt.Since a 5.2-kW system is needed to cover the energy needs of a typical home in Frederick, the average price of going solar will be about $14,608 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.For many homeowners, the upfront cost of solar is worth paying. On average Frederick homeowners see about $20,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Frederick
| Year | Return on Investment |
|---|---|
| 1 years | $-13,550 |
| 3 years | $-11,433 |
| 5 years | $-9,316 |
| 7 years | $-7,199 |
| 9 years | $-5,082 |
| 11 years | $-2,966 |
| 13 years | $-849 |
| 15 years | $1,268 |
| 17 years | $3,385 |
| 19 years | $5,502 |
| 21 years | $7,619 |
| 23 years | $9,735 |
| 25 years | $11,852 |
Top Solar Installers in Frederick
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your swap to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers nearby:
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 Frederick
Factors that Affect Solar Panel Costs in Frederick
The cost of installing a solar system in Frederick can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 uses, the larger your system will likely need to be. You can expect to spend around $3,980 per kilowatt in Frederick.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Frederick provide solar loans, which reduce the initial cost of installing solar.When figuring 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
Finally, the company you hire to install your solar system can play a role in determining how much you pay. Frederick’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Frederick know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,457 | 14.1 years |
| 8 kW | $4.06 | $22,734 | $18,388 | 13.8 years |
| 10 kW | $3.98 | $27,860 | $23,543 | 13.5 years |
| 12 kW | $3.90 | $32,763 | $28,920 | 13.3 years |
| 14 kW | $3.82 | $37,444 | $34,520 | 13.0 years |
| 16 kW | $3.74 | $41,901 | $40,343 | 12.7 years |
| 18 kW | $3.66 | $46,136 | $46,388 | 12.5 years |
| 20 kW | $3.58 | $50,148 | $52,657 | 12.2 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Frederick, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you’re worried about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Frederick, CO Solar Cost FAQs
How much does it cost to install solar panels in Frederick?
The average cost of solar panels in Frederick 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 model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Frederick?
A solar panel system isn’t free in Frederick, 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 further reduce the cost.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Frederick is currently $552,872, which means you could be looking at a value of about $22,668 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Frederick is a rewarding investment.
What solar power system size is right for 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 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.