Solar Panel Cost Guide in Colorado City, TX (2024 Update)
- Colorado City Solar Installation Cost: $16,437
- 25-Year Savings: $30,182
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in Colorado City
Here’s how much it might cost to switch to solar power in Colorado City.
The average cost of solar panels in Colorado City is 3 per watt.To account for the typical energy needs of the average home in Colorado City, most homeowners require a 7.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,437, or $23,505 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more.With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Colorado City find investing in solar can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Colorado City
| Year | Return on Investment |
|---|---|
| 1 years | $-14,663 |
| 3 years | $-11,117 |
| 5 years | $-7,570 |
| 7 years | $-4,023 |
| 9 years | $-476 |
| 11 years | $3,071 |
| 13 years | $6,618 |
| 15 years | $10,165 |
| 17 years | $13,712 |
| 19 years | $17,259 |
| 21 years | $20,806 |
| 23 years | $24,353 |
| 25 years | $27,900 |
Top Solar Installers in Colorado City
When going solar, many homeowners decide to hire a solar installation company since installing a solar system yourself can be a challenging project. Another upside of working with a solar installer is that they can help you optimize your investment by lowering your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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
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 Colorado City
Factors that Affect Solar Panel Costs in Colorado City
The cost of installing a solar system in Colorado City can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy 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 about $3,330. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Colorado City to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to include that in your estimate 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 have an effect on your total costs. There are about 3 solar installation companies operating throughout Colorado City, and each can charge different amounts for labor and equipment.Larger national companies typically 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 | $3.46 | $14,545 | $22,434 | 9.8 years |
| 8 kW | $3.40 | $19,021 | $30,285 | 9.6 years |
| 10 kW | $3.33 | $23,310 | $38,323 | 9.5 years |
| 12 kW | $3.26 | $27,413 | $46,547 | 9.3 years |
| 14 kW | $3.20 | $31,329 | $54,957 | 9.1 years |
| 16 kW | $3.13 | $35,058 | $63,554 | 8.9 years |
| 18 kW | $3.06 | $38,601 | $72,337 | 8.7 years |
| 20 kW | $3.00 | $41,958 | $81,307 | 8.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
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
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 Colorado City, TX Solar Cost FAQs
What is the average cost of installing solar panels in Colorado City?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Colorado City is currently $134,546, which means you can expect a value of about $5,516 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Colorado City is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.