Solar Panel Cost Guide in Breckenridge, TX (2024 Update)
- Breckenridge Solar Installation Cost: $17,134
- 25-Year Savings: $20,958
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Breckenridge
We go over average solar pricing in Breckenridge.
Although the national average of solar panels is $2.66 per watt, solar panels in Breckenridge generally cost about 3.The average solar panel system size in Breckenridge is around 7.4 kilowatts, meaning a cost of about $17,134 for a solar installation, or $24,502 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Breckenridge based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
Click the button below to get connected to a top solar installer in Breckenridge for a personalized estimate.
Solar savings over time in Breckenridge
| Year | Return on Investment |
|---|---|
| 1 years | $-15,575 |
| 3 years | $-12,455 |
| 5 years | $-9,336 |
| 7 years | $-6,217 |
| 9 years | $-3,097 |
| 11 years | $22 |
| 13 years | $3,142 |
| 15 years | $6,261 |
| 17 years | $9,380 |
| 19 years | $12,500 |
| 21 years | $15,619 |
| 23 years | $18,739 |
| 25 years | $21,858 |
Top Solar Installers in Breckenridge
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make converting to solar power much easier. The expertise that solar companies offer can be invaluable as well, particularly if you don’t quite know what kind of solar equipment you need.
If you're searching for a solar installer in Breckenridge, we've organized 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Breckenridge
Factors that Affect Solar Panel Costs in Breckenridge
For many Breckenridge homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Breckenridge, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,330.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Breckenridge, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
Many homeowners find the average cost of solar in Breckenridge to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer 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.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence the cost. Breckenridge’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $13,860 | 12.8 years |
| 8 kW | $3.40 | $19,021 | $18,852 | 12.6 years |
| 10 kW | $3.33 | $23,310 | $24,032 | 12.3 years |
| 12 kW | $3.26 | $27,413 | $29,398 | 12.1 years |
| 14 kW | $3.20 | $31,329 | $34,950 | 11.8 years |
| 16 kW | $3.13 | $35,058 | $40,689 | 11.6 years |
| 18 kW | $3.06 | $38,601 | $46,614 | 11.3 years |
| 20 kW | $3.00 | $41,958 | $52,726 | 11.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Companies that have been in business for many years likely have a good 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 service, such as part repairs and replacements.
- 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 panel system is installed, such as updating your electrical system or roof.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies have different brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Breckenridge, TX Solar Cost FAQs
What is the average cost of installing solar panels in Breckenridge?
The average cost of solar panels in Breckenridge is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Breckenridge, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
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 average daily sunlight your roof gets. You can take a 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 get 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.