Solar Panel Cost Guide in Ponderosa Park, CO (2024 Update)
- Ponderosa Park Solar Installation Cost: $14,103
- 25-Year Savings: $19,497
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Ponderosa Park
Find out what the average cost of solar panels are in Ponderosa Park.
While the national average of solar panels is $2.66 per watt, solar panels in Ponderosa Park generally cost around 4.Using this figure, a typical 5.1-kW system would cost about $14,103 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Ponderosa Park based on a few factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar is worth paying. On average Ponderosa Park homeowners see about $22,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Ponderosa Park for a quote for your home.
Solar savings over time in Ponderosa Park
| Year | Return on Investment |
|---|---|
| 1 years | $-13,135 |
| 3 years | $-11,199 |
| 5 years | $-9,263 |
| 7 years | $-7,326 |
| 9 years | $-5,390 |
| 11 years | $-3,454 |
| 13 years | $-1,518 |
| 15 years | $419 |
| 17 years | $2,355 |
| 19 years | $4,291 |
| 21 years | $6,227 |
| 23 years | $8,163 |
| 25 years | $10,100 |
Top Solar Installers in Ponderosa Park
When making the switch to solar, many homeowners prefer to hire a solar installation company 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 bring down the cost of maintenance over time.
If you're searching for a solar company in Ponderosa Park, we've 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 Ponderosa Park
Factors that Affect Solar Panel Costs in Ponderosa Park
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Ponderosa Park: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,980 per kilowatt in Ponderosa Park.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Ponderosa Park, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.Though solar loans make switching to solar energy more accessible for Ponderosa Park homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Ponderosa Park, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 | $17,022 | 12.6 years |
| 8 kW | $4.06 | $22,734 | $23,142 | 12.4 years |
| 10 kW | $3.98 | $27,860 | $29,484 | 12.1 years |
| 12 kW | $3.90 | $32,763 | $36,050 | 11.9 years |
| 14 kW | $3.82 | $37,444 | $42,838 | 11.7 years |
| 16 kW | $3.74 | $41,901 | $49,850 | 11.4 years |
| 18 kW | $3.66 | $46,136 | $57,084 | 11.2 years |
| 20 kW | $3.58 | $50,148 | $64,541 | 10.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should opt for, since different companies have different panels.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Ponderosa Park, CO Solar Cost FAQs
How much does it cost to install solar panels in Ponderosa Park?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Ponderosa Park?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.