Solar Panel Cost Guide in Gypsum, CO (2024 Update)
- Gypsum Solar Installation Cost: $14,735
- 25-Year Savings: $15,284
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Gypsum
Here’s how much it might cost to install solar panels in Gypsum.
While the national average of solar panels is $2.66 per watt, solar panels in Gypsum typically cost around 4.The average Gypsum homeowner needs a 5.3-kilowatt system, which would cost about $14,735 with the federal tax credit, or $21,071 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more.But, after you've paid the initial cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar company in Gypsum for a customized quote.
Solar savings over time in Gypsum
| Year | Return on Investment |
|---|---|
| 1 years | $-13,767 |
| 3 years | $-11,830 |
| 5 years | $-9,894 |
| 7 years | $-7,958 |
| 9 years | $-6,022 |
| 11 years | $-4,086 |
| 13 years | $-2,149 |
| 15 years | $-213 |
| 17 years | $1,723 |
| 19 years | $3,659 |
| 21 years | $5,596 |
| 23 years | $7,532 |
| 25 years | $9,468 |
Top Solar Installers in Gypsum
Although it's possible to install solar panels on your own, it involves extra energy and expertise. That's one of the reasons almost all homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for you.
If you're looking for a solar company in Gypsum, the EcoWatch team has compiled a list of our top suggestions here:
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 Gypsum
Factors that Affect Solar Panel Costs in Gypsum
The cost of installing a solar system in Gypsum 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 your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,980. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Gypsum, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Gypsum homeowners choose to finance their solar panel systems to make paying for solar more affordable.While solar loans make going solar more accessible for Gypsum homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $11,252 | 15.2 years |
| 8 kW | $4.06 | $22,734 | $15,448 | 14.9 years |
| 10 kW | $3.98 | $27,860 | $19,868 | 14.6 years |
| 12 kW | $3.90 | $32,763 | $24,510 | 14.3 years |
| 14 kW | $3.82 | $37,444 | $29,375 | 14.0 years |
| 16 kW | $3.74 | $41,901 | $34,463 | 13.7 years |
| 18 kW | $3.66 | $46,136 | $39,774 | 13.4 years |
| 20 kW | $3.58 | $50,148 | $45,307 | 13.1 years |
How to Save on Solar Panels
There are a lot of companies available in Gypsum, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should go with, since different companies have access to different panels.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Gypsum, CO Solar Cost FAQs
How much does it cost to install solar panels in Gypsum?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $19,900 for a 5-kW system and $39,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Gypsum?
You can’t get solar panels for free in Gypsum. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Gypsum have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Gypsum?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.