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

  • Gleneagle Solar Installation Cost: $13,979
  • 25-Year Savings: $20,603
  • Payback Period: 11.6 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 Gleneagle

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

The national average cost of solar panels is $2.66 per watt, but in Gleneagle it’s 4 per watt.The average solar panel system size in Gleneagle is around 5.0 kilowatts, meaning a cost of about $13,979 for a solar installation, or $19,990 before the 0 federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you choose, your solar contractor and more.With typical savings of about $23,000 on utility bills over 20 years, many homeowners in Gleneagle find going solar can be quite rewarding.

To see your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Gleneagle

Year Return on Investment
1 years $-12,945
3 years $-10,876
5 years $-8,807
7 years $-6,738
9 years $-4,669
11 years $-2,600
13 years $-531
15 years $1,538
17 years $3,607
19 years $5,676
21 years $7,745
23 years $9,814
25 years $11,883

Top Solar Installers in Gleneagle

When making the switch to solar, many homeowners decide to hire a solar installer since putting up a solar system yourself can be a difficult project. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.

You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:

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 Gleneagle

Factors that Affect Solar Panel Costs in Gleneagle

Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Gleneagle: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar system in Gleneagle, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,980 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, add-on products, like solar batteries, can bump up your total well above the Gleneagle average.

Solar Financing Terms

If paying for solar panels in cash is difficult, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can affect how much you pay. Gleneagle’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Gleneagle are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 $18,550 12.1 years
8 kW $4.06 $22,734 $25,179 11.9 years
10 kW $3.98 $27,860 $32,031 11.6 years
12 kW $3.90 $32,763 $39,105 11.4 years
14 kW $3.82 $37,444 $46,403 11.2 years
16 kW $3.74 $41,901 $53,924 10.9 years
18 kW $3.66 $46,136 $61,667 10.7 years
20 kW $3.58 $50,148 $69,633 10.5 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
  • Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
  • Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should go with, since different companies provide different panels.
  • Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign 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 Gleneagle, CO Solar Cost FAQs

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

The average cost of solar panels in Gleneagle 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 like the kind of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Gleneagle?

Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

Is going solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily 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 install 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.

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