A home with a nice looking solar array

Solar Panel Installation Cost & Savings

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Lock in Cheap Electricity Prices

Say goodbye to rising electricity costs when you own your power production and start saving for years to come.

Rebates & Incentives

There are many local incentives and utility rebates now. Our team knows Colorado solar so you won’t miss a penny.

Own Your Power and Save

Just like owning a home is often a better investment than renting, solar pays you back – not the utility.

What Does Solar Cost?

When compared to the cost of your current electricity bill, solar panels show thousands of dollars in savings over time – sometimes paying for themselves twice over! When you get a free quote, our non-commissioned design specialists will provide you with numbers specific to your home.

In the meantime, let’s look at some average solar panel installation costs:

  • Home solar panel installation costs range from $20,000 to $50,000 on average depending on how much electricity you use, your future electrification goals, and other factors.
  • Local incentives and rebates can reduce this cost depending where you live.
  • Solar allows you to lock in your electricity cost, insulating you from rising electricity prices. Instead of paying the utility, you’ll be putting those savings back in your pocket.
  • $0-down financing options make solar more accessible.
Get Your Free Home Solar Quote

SOLAR SAVINGS & INCENTIVES

A modern home in Colorado with two large solar panel arrays on the roof

COLORADO SOLAR INCENTIVES & REBATES

Many cities and utility companies in Colorado offer incentives or rebates to help bring down the total solar panel installation cost for homeowners. Our local solar experts will make sure you are getting all the available savings for your system when we provide your free quote. Learn more about Colorado solar incentives and rebates.

UNLIMITED CASH REWARDS

UNLIMITED CASH REWARDS

When you refer someone who goes solar with Namaste Solar, we’ll send you $250 in gratitude (plus, they’ll get $250 off their new system). This is an unlimited rewards program and a great way to multiply your impact while also earning solar rewards.

Maximizing Your Solar Investment

SOLAR PANEL INSTALLATION COST BREAKDOWN

What goes into the cost of home solar? Let’s break it down! The bulk of the cost for a project will be split between the cost for the actual components (solar panels, inverter, mounting system, wiring, conduit, etc.) and labor costs. Additional costs include permit fees and local sales tax. Each of these will be itemized clearly on your personalized quote.

NO HIDDEN COSTS

We want you to be able to access the savings that come with a home solar installation. When you get a quote from Namaste Solar, you can be sure that your total solar panel installation cost will be clearly stated before you decide to say yes or no to solar. No last-minute changes or hidden fees.

FLEXIBLE PAYMENT OPTIONS

We offer multiple financing options through multiple lending partners, including $0-down financing. With a solar loan, homeowners often see fixed monthly payments that are comparable to their previous electric bills, all while building equity in their solar system instead of paying money out to the utility company.

AMICUS SOLAR COOPERATIVE

As a member of the Amicus Solar Cooperative, Namaste Solar is able to offer competitive pricing by pooling the buying power of over 80 independent solar providers from across the country. This is how we keep up with the national companies and maintain competitive solar panel installation costs without sacrificing quality.

Our Most Recent Google Reviews

Namaste Solar finished an install for us recently and we could not be more happy with how the project went. Our project manager, Jeremy, worked with us to create the right plan for our home with the panels, batteries, and car charger in the garage. They also helped us get through the hoops with Xcel which was so immensely helpful. Our install team, Sylvia, Ken, Eric, and Alexandria, were wonderful to have around; they were communicative and extremely courteous and did a fantastic job. We highly recommend choosing Namaste for your solar project!
Chani H.
Namaste is a great service and committed provider!

We engaged Namaste to get solar installed before the tax credit expired. They got the work completed in plenty of time, but at the 11th hour, the city code inspector threw the team a weird curveball.

The team tackled the issue in a quick manner, and managed to get the project on time and on budget! Would recommend to anyone that is interested in getting solar installed.
El J.
Namaste Solar did a really nice job. We were on the waitlist and they were still able to install and activate the system before the end of the year. Josh, the lead of the installation team, was very knowledgeable and the install was done to code the first time around. Because of the age of my home, even the inspector was impressed they did not have to do additional work to bring it to code. Overall great experience!
Jill H.
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Is Solar Right For You? Let’s Talk!

Get a customized, free solar quote from our team today! We provide no obligation, hassle-free quotes to educate the public and create transparency around the solar process. Our team is non-commissioned, so there is no pressure on you.

Free Quote

WHAT DOES A HOME SOLAR QUOTE LOOK LIKE?

It’s time to stop wondering about solar; find out what a system of your own would look like and how much you could save! When you get a free quote from Namaste Solar, you’ll be able to see the complete solar panel installation costs outlined in detail for your home along with a customized design completed by one of our solar experts. We take a no-pressure approach and instead focus on answering your questions so you can make the right choice for you and your home.

Read more about what goes into your free solar quote and more about our no-pressure approach.

Get a free home solar quote

Common Solar Questions

How much will I be saving off my electricity bill each month?

We work to design systems that offset 100% of your electricity usage when possible. Savings will vary throughout the year, but it’s not uncommon to see your annual cost of electricity drop to zero. Remember that there is often a utility connect fee that will remain.

What incentives are available to help lower my solar energy installation cost?

There are incentives offered from utilities like Xcel Energy and from municipalities like Boulder, Denver, and Fort Collins. These incentives can reduce your total solar panel installation cost. To get a full list of the currently available incentives, check out this blog. Our non-commissioned sales advisors are experts at getting you every incentive you qualify for, so get your free quote today.

How can I pay for my home solar panel installation?

You can pay for solar by making a cash purchase, getting a solar loan, or leasing your solar system. When you pay for your system up front with cash you will get all the benefits of solar now with direct savings on your electricity bill as soon as your system is turned on. Some installers, including Namaste Solar, also offer a discount for cash purchases. For financing, Namaste Solar has financing partners to provide you a loan, or you can use your own financing options, like a home equity line of credit or financing from your own bank or credit union.

What is the estimated payback period?

On average, homes on the Colorado Front Range see a payback period between 12-15 years. For some people it’s sooner, others later – it depends on your energy usage and utility rates. You’ll see more financial gain in a shorter amount of time if your household has high electricity use and higher utility rates.

Why is solar panel installation cost so expensive up front?

You can think of going solar like buying in bulk. Just like buying groceries in bulk, you pay a higher up-front cost but the cost-per-unit is lower. Solar is the same. You’re buying the ability to produce your own electricity for the next 30+ years.

How do I know your production estimates are honest?

Namaste Solar’s non-commissioned sales process is based on transparency, and we are happy to talk you through the numbers so you feel comfortable and confident in how we come up with the final production estimates. In addition, we value long-term thinking at Namaste Solar. We aren’t in this for a quick sale; we’ve been a top-rated local solar company for 20+ years and want to keep it that way for 20 more years. The happier you are with the final results, the happier we are.

Looking for the answer to a different question? Check out our full FAQ page here.

SOLAR PANEL INSTALLATION COSTS & BENEFITS

There are many ways to slice and dice the economic benefits of solar. One way to assess the value of solar is calculating the payback period (how long it takes for a solar install to pay for itself) by taking the overall system price and dividing it by the average projected solar savings each year. For example, if your total solar panel installation cost is $28,000 and you’re projected to save about $2,000 a year, then your payback period would be 14 years (an average payback period here in Colorado).

Another way to look at the return on your solar panel installation cost is to calculate your annual rate of return. If you have a 14-year payback period, you are getting 1/14th of your investment back each year or a 7% annual return. That’s excellent for a return on a low-risk investment option! And remember… any solar savings after those 14 years go straight into your pocket! No capital gain taxes, no delay, and low risk.

Read more about solar panels as an investment, calculating solar ROI, or looking at the value of debt and home solar. We also have a blog that shows a customer’s cash flow table and explains how solar pays for itself over time.

Get my free home solar quote

Get Your Free Quote

Say goodbye to rising electricity prices and power outages! Say hello to savings, renewable energy, and home resiliency!

Your free solar quote will include:

  • Roof Assessment
  • Customized System Design
  • Savings Calculation
  • No pushy sales pitch—just honest advice

In addition, our solar advisors can discuss home electrification options for your home, including EV chargers, heat pumps, electrical panel upgrades, and more.

Prefer to Call?

Call us anytime at 303.447.0300

Prefer to Call?

Call us anytime at 303.447.0300