Solar Panel Cost Guide in Redlands, CO (2024 Update)
- Redlands Solar Installation Cost: $14,241
- 25-Year Savings: $19,190
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Redlands
We break down average solar pricing in Redlands.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Redlands, the typical cost of a solar system is 4 per watt.To cover the typical energy needs of the average home in Redlands, most homeowners require a 5.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,241, or $20,365 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs will most likely differ based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront cost of solar is worth paying. On average Redlands homeowners see about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar company in Redlands for a quote for your home.
Solar savings over time in Redlands
| Year | Return on Investment |
|---|---|
| 1 years | $-13,272 |
| 3 years | $-11,336 |
| 5 years | $-9,400 |
| 7 years | $-7,464 |
| 9 years | $-5,528 |
| 11 years | $-3,591 |
| 13 years | $-1,655 |
| 15 years | $281 |
| 17 years | $2,217 |
| 19 years | $4,154 |
| 21 years | $6,090 |
| 23 years | $8,026 |
| 25 years | $9,962 |
Top Solar Installers in Redlands
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be a lot of work. Plus, if you’re unsure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar company can make going solar easier. 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 Redlands
Factors that Affect Solar Panel Costs in Redlands
The cost of installing a solar system in Redlands can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,980.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, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Redlands average.
Solar Financing Terms
Many homeowners find the average cost of solar in Redlands to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans remarkably 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 overall costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Redlands is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $16,439 | 12.8 years |
| 8 kW | $4.06 | $22,734 | $22,365 | 12.6 years |
| 10 kW | $3.98 | $27,860 | $28,513 | 12.4 years |
| 12 kW | $3.90 | $32,763 | $34,884 | 12.1 years |
| 14 kW | $3.82 | $37,444 | $41,479 | 11.9 years |
| 16 kW | $3.74 | $41,901 | $48,296 | 11.6 years |
| 18 kW | $3.66 | $46,136 | $55,335 | 11.4 years |
| 20 kW | $3.58 | $50,148 | $62,598 | 11.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
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 Redlands, CO Solar Cost FAQs
How much does it cost to install solar panels in Redlands?
This is a hard question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Redlands?
You can’t get solar panels for free in Redlands. 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.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose 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 solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.