Solar Panel Cost Guide in Security-Widefield, CO (2024 Update)
- Security-Widefield Solar Installation Cost: $13,979
- 25-Year Savings: $21,255
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Security-Widefield
Let’s take a look at the average cost of solar in Security-Widefield.
While the national average of solar panels is $2.66 per watt, solar panels in Security-Widefield typically cost about 4.Using this figure, a typical 5.0-kW system would cost about $13,979 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $23,000 in savings on energy bills over 20 years.
To get a free estimate from a highly rated solar installer in Security-Widefield, you can click the button below.
Solar savings over time in Security-Widefield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,594 |
| 3 years | $-9,823 |
| 5 years | $-7,052 |
| 7 years | $-4,281 |
| 9 years | $-1,510 |
| 11 years | $1,261 |
| 13 years | $4,032 |
| 15 years | $6,803 |
| 17 years | $9,574 |
| 19 years | $12,345 |
| 21 years | $15,116 |
| 23 years | $17,887 |
| 25 years | $20,658 |
Top Solar Installers in Security-Widefield
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Security-Widefield
Factors that Affect Solar Panel Costs in Security-Widefield
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Security-Widefield: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Security-Widefield, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Security-Widefield to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.However, the interest on solar loans also adds to your total costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Security-Widefield, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $19,329 | 11.8 years |
| 8 kW | $4.06 | $22,734 | $26,218 | 11.6 years |
| 10 kW | $3.98 | $27,860 | $33,330 | 11.4 years |
| 12 kW | $3.90 | $32,763 | $40,664 | 11.2 years |
| 14 kW | $3.82 | $37,444 | $48,221 | 10.9 years |
| 16 kW | $3.74 | $41,901 | $56,002 | 10.7 years |
| 18 kW | $3.66 | $46,136 | $64,005 | 10.5 years |
| 20 kW | $3.58 | $50,148 | $72,231 | 10.2 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
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 Security-Widefield, CO Solar Cost FAQs
How much does it cost to install solar panels in Security-Widefield?
The average cost of solar panels in Security-Widefield 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 kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Security-Widefield?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 savings from going solar.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,223.79 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.