SOLAR PANEL INSTALLATION COST & SAVINGS

Solar Panel Installation Cost & Savings

Home solar panel installation costs range from $14,000 to $35,000 on average (with the 30% federal tax credit taken into account), but that cost doesn’t tell the whole story. 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! That’s on top of the increase in home value and environmental benefits of solar. Keep reading to learn more about solar cost breakdowns, Colorado solar incentives, and how quickly you can expect a return on your investment.

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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 70 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.

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SOLAR SAVINGS & INCENTIVES

FEDERAL SOLAR TAX CREDIT

The federal tax credit for home and commercial solar panel installations helps make solar an even better investment right now. The tax credit is 30% off the total cost of your system and will be in place until 2032. Read more about the federal solar tax credit and what it means for you.

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

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.

Your savings are waiting!

It’s time to find out if solar is right for your home and get started with a free quote. Every month that passes is a month where you could be saving with solar. Our team will put together a free quote for you – no pressure, no hassle. Click to get started!

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 1/14^th 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.

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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.

Resources

Our Most Recent Google Reviews

Namasté Solar

4.8

Based on 427 reviews

I cant say enough about Namaste Solar. They were with us every step of the way. They carefully evaluated our available sun exposure and provided a realistic timeline for a financial breakeven point. In our case, about 13 years assuming we could offset 75% of our needs with solar. Their engineers evaluated our roof and made design recommendations to support the weight of the panels. These improvements were done by Namaste at the time of install. The first attempt at install had to be delayed as the installer noted atypical roof deterioration and recommended we have that evaluated before install to avoid having to remove the panels for a new roof. At this point, the panels were on the roof and had to be reloaded onto the truck. Our shingle manufacturer agreed that the roof was failing (not from hail damage) and replaced the roof. The second attempt at instal went smoothly and we are up and running. Technical support to get the monitoring system running was excellent. A technician came to our home, installed a wireless extender (at no additional charge), and made sure I could operate the system. Namaste employees were extremely, friendly, helpful, competent and professional in every way. I recommend them highly.

Jerry B.

Namaste was so easy to work with. They were professional, on schedule, made everything understandable. We are so happy to have reduced electricity bills and to be contributing to carbon reduction for our city and the planet!

Lowe F.

I chose Namaste Solar because they’re a worker owned company. I figured that if people have a stake in the company they work for, they’ll do a good job. With the solar panels installed, they not only did a good job, but an excellent job.

Paul R. B.

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Get Your Free Quote

With the 30% tax credit, flexible financing options, and top technologies available – now is the best time to go solar!

Your free home solar quote will include: a roof assessment, a customized system design, and a calculation of your savings and return on investment. No pushy sales pitch – just honest advice.

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

To get started, fill out this form or call us at 303.447.0300.

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