Tired of rising electricity rates and high utility bills? Thinking about going with clean energy and purchasing solar panels in Colorado in the near future? There is a good chance that you have asked yourself, how expensive are solar panels or how much solar panels cost?
Solarise Solar has been helping those in Colorado with high-quality residential & commercial solar panel installation since 2016. If you are looking to buy solar panels, it is important for you to understand some of the factors that will play a role in how much residential solar panels cost.
How Expensive Are Solar Panels and What Factors Impact the Price?
First, there are several factors that are going to play a role in the cost of solar panels. Some of the most important factors to consider include:
- Whether there are federal solar tax credits, state rebates or incentives available to offset the cost.
- How you decide to finance your solar panels in terms of purchasing them outright or going with financing options over an extended period.
- How many solar panels you are going to need to power your home or business? This varies by size and power usage.
- How much direct sunlight is in the area?
- The type of solar panels you decide to purchase.
A Solarise Solar representative can help you navigate all of these various costs before you decide to purchase a solar energy system for yourself.
Contact Solarise Solar to Schedule a Free In-Home Solar Panel Cost Analysis Near Colorado Springs.
Solar Panel Installation Costs
How Much Do Solar Panels Cost to Install?
The Average Cost of Solar Panel Installation is Going to Range Anywhere From $3.20 Per Watt to $4.50 Per Watt.
Installing a solar panel system on your property is one of the most popular and environmentally-friendly ways to generate electricity. However, the cost of installation can vary greatly depending on a number of factors. Here are some various factors that can affect the cost of installing a solar panel system, and provide you with a rough estimate of how much you can expect to pay.- Location: The cost of installing a solar panel system can vary depending on where you live. In areas with high electricity rates or generous solar incentives, you may be able to save money on installation costs.
- System Size: The size of the solar panel system you choose will also impact the cost. Larger systems will cost more to install than smaller ones, but they will also generate more electricity.
- Quality of Components: The quality of the solar panels, inverters, and other components you choose will also impact the overall cost of installation. High-quality components will typically cost more but can provide you with a better return on investment over time.
- Complexity of Installation: The complexity of the installation process will also impact the cost. If your property has a complex roof or requires special equipment to install the solar panels, the installation cost may be higher.
- Additional Costs: There may be additional costs associated with installing a solar panel system, including permits, inspections, and fees charged by your utility company.
For a Quote on Solar Panel Installation Cost Near Colorado Springs, Call Solarise Solar & Schedule a Free In-Home Solar Panel Cost Analysis.
Long-Term Savings of Solar Panel Installation
Solar panel installation can be a significant investment, but long-term savings can make it a wise financial decision. Here are a few ways that installing solar panels can save you money in the long run.- Lower energy bills: Once your solar panels are installed, you’ll start generating your own electricity. This means you’ll be relying less on your utility company for power, which can lower your monthly energy bills. In some cases, homeowners have even been able to eliminate their energy bills entirely.
- Increased home value: A home with solar panels is seen as more valuable than one without. In fact, studies have shown that homes with solar panels sell for more than those without. This means that when it comes time to sell your home, you could see a return on your investment in the form of a higher sale price.
- Tax credits & incentives: The federal government offers a tax credit for homeowners who install solar panels. This credit can be as much as 30% of the total cost of installation through 2032, which can significantly reduce the overall cost of the project. After 2032, the credit will decrease to 26% in 2033 and 22% in 2034.
- Reduced carbon footprint: Solar panels generate clean, renewable energy that doesn’t produce any greenhouse gas emissions. By installing solar panels, you’ll be doing your part to reduce your carbon footprint and help combat climate change.
- Long lifespan: Solar panels are designed to last for decades, with some warranties lasting up to 25 years. This means that once your panels are installed, you can expect to enjoy the benefits of solar energy for many years to come without needing to replace or upgrade your system.
While the upfront cost of solar panel installation may seem daunting but the long-term savings can make it a wise financial decision. If you're considering solar panel installation, be sure to research your options and feel free to contact the solar panel installation team at Solarise Solar for a personalized quote on how much do solar panels cost in Colorado Springs and the surrounding area. We also offer a free on-site solar analysis near Colorado Springs to measure how many panels you need and discuss all payment options and financing options available.
