SOLAR PANEL INSTALLATION COST & SAVINGS

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Solar Panel Installation Cost & Savings

Home solar panel installation costs range from $20,000 to $50,000 on average (before the federal tax credit or other incentives), 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, 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 1/14th 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.

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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.

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Our Most Recent Google Reviews

Namaste did a great job. I highly recommend. The installation is beautiful – all the conduit was hidden perfectly; the panels look like they are original to the house. Their prices were as fair as… anyone’s. They outperformed their schedule, everything was up, inspected, and making power long before their deadlines and significantly faster than I expected. I like their monitoring app and their go-to lender was easy to work with and responsive to questions. Nothing has broken yet, so I can’t review their repair service, but I expect it will go smoothly (presuming any of it ever breaks).read more
Charles L.
Charles L.
1694459297
High quality solar.
G D
G D
1694036931
Can’t say enough about what a great experience it was working with Namaste Solar!
Randy F.
Randy F.
1693232147
We had a great experience with solar through Namaste. All of their employees were knowledgeable, courteous, followed through on every detail, and were overall easy to work with. Our city (Centennial)… had very strict requirements for roof access that limited our layout, but Namaste worked with us to get the best value system for our situation. The installers were all Namaste employees (no subcontractors) and they completed the project on schedule, passed all inspections the first time, left everything tidy, and explained all the different parts. They then helped us deal with Xcel’s excessive backlog of approvals and finally provided all documentation for filing for the tax refunds. Namaste did not have the absolute lowest price, but we felt their work and experience was worth it. We used a lower cost solar installer at our previous home a few years ago and regretted it – we had so many issues (breakers tripping, system shutting down, failed inspections). This time we went with Namaste and they did a wonderful job, highly recommend!read more
Nathan K.
Nathan K.
1692399751
Every time we interacted with Namaste Solar were positive. We trusted them vs a number of other solar companies we spoke to. We work with national solar company. It took forever to get a bid. It was… much lower than Namaste’s bid only to find out this company had left out enough panels to support our new Heat Pump.The panels they use is by Enphase. I’m also very satisfied by this company. They provide an app that I can use to see how my panels are working. Monthly the send me a report telling how much electricity my panels are generating and how much I’m importing from Xcel.read more
JUDY W.
JUDY W.
1692053680
This is my second time installing solar panels because we moved houses. Namaste is by far the best solar panel company in the Colorado market. They took care of every and kept me up to date during… the processread more
Sarah W.
Sarah W.
1692019022
While the preparation took a fair amount of time (roughly a six month wait, between waiting for materials, planning and permitting) once the ball got rolling the men and women of Namaste solar did a… genuinely outstanding job. Installation took three days, and they were respectful of my space and time. Since installation, i have had exactly one problem-with the enphase application, which was fixed by Enphase in less than six hours. A genuinely excellent customer experience. I have exported 650 kwh in the two months since installation.read more
Matthew C.
Matthew C.
1691883454
This company was an absolute pleasure to work with from beginning to end. The sales process was not at all pressuring. They were knowledgeable through the whole process and were able to thoroughly… answer any questions we had.Install process takes a long time as the utility and city have to sign off on permits and such, but they kept us in the loop providing updates the whole way through. They were always prompt with any part of the process they had control over. Once everything was good to go, the installers came and were wonderful to deal with. All very knowledgeable and obviously dedicated to what they were doing. They seemed like they really enjoy their jobs.We’ve had the system online for a few months now and it seems to be working great. Honestly, I wish every contractor was this pleasant to deal with. 100% would recommend Namaste if you are considering solar for your home.read more
Sam L.
Sam L.
1690831465
Fantastic service, excellent communication, and a solar PV system on my home! Thank you Namaste!
Summer Y.
Summer Y.
1690465096
We initially talked with another company about installing solar. The other company made us promises that we knew could not be fulfilled. Once we met with the group from Namaste we knew that we choose… the right company. From the beginning of our project to the end they were upfront, professional and answered all of our questions immediately.We thought that it would take a few weeks to have our solar turned on and we were pleasingly surprised when we were up and running very shortly after the installation.We are extremely please with Namaste and would recommend this company for your solar.Thank you Namaste for making our solar process seamless!Kathy and Chris.read more
Kathy B.
Kathy B.
1690320834
Just hit the one year mark from turn on and the plan was 93% of annual energy would be from my solar panels and it exceeded 100% plus had a surplus of 900kw of energy added into the grid. Namaste… team was professional and amazing to work with I would highly recommend to anyone exploring solar.read more
John S.
John S.
1690055539
Phenomenal experience from quote to system energizing. Highly recommend. Avoid bottom-dollar solar vendors that will throw no-name panels on your roof without proper engineering spec.
Sloane I.
Sloane I.
1689873733
Delightful people to work with. Fast, informative and friendly responses. Professional. Namaste was the easy part. Don’t stop calling Excel energy and INSIST to talk to someone in Solar. The… final step to turn on your panels takes them LITERALLY moments to flip a switch and it took them about 2 months to get here.read more
Valerie S.
Valerie S.
1688472021
Namaste Solar is the BEST! They are extremely efficient, customer friendly, and professional. We couldn’t have had a better experience.
James W.
James W.
1687971032
The Namaste team took care of all details of our solar installation, from design and planning and permitting to the installation itself (smooth, professional) and interfacing with Xcel for the… installation and activation of the metering system. Communication was exceptional throughout the process. I recommend them wholeheartedly.read more
David K.
David K.
1687801913
Great communication
Richard J
Richard J
1687354922
Since I’ve started in the solar industry, Namaste Solar is by far my favorite company to work and partner with on projects. They produce high quality work and have a great staff of folks that are… always honest and transparent. Highly recommend to any person or organization looking to go solar.read more
Hunter E.
Hunter E.
1686860858
The Namaste team made everything easy. I am so happy with my solar!
Martha N.
Martha N.
1685991348
We had a difficult roof to work with and Namaste did a great job figuring it out. Top-notch customer service. We are very happy.
Lyn F.
Lyn F.
1685278922
I would highly recommend Namaste Solar. They are professional, dependable, and patient in describing the benefits of solar power. In particular, Noah did a thorough job explaining how energy… credits are calculated.read more
Randy F.
Randy F.
1684259159
Truckers: VERY VERY TIGHT, not for a novice.You can come in tight and adjust until you are in a blind side position or you can back in.. but beware of fire hydrant and complete blind dock.Slide… tandems if you are on docks near the dumpsters.These people are extremely kind and helpful. Offered a shower and restroom although i already had my shower 😄.They will move vehicles in your way so just be on time and drink your morning coffee.read more
Free-Range G.
Free-Range G.
1681742317
Solar customers of Namasté Solar from 2012, turned employee 10 years later.
Zachary “Ζ多øω” B.
Zachary “Ζ多øω” B.
1680265322
We had Namaste install solar panels on our house 3 1/2 years ago. A neighbor of ours had had a good experience with them. The system is supplying over 90% of our total electricity use, which… includes an all-electric car, plus a plug-in hybrid. The installation process was simple. They did all the leg work, we just had to sign some documents.More recently, we’ve had some transient problems in the panels that trigger the inverter to shut down until we reboot it and tell it to retest. Namaste has been out twice, no charge, to inspect the system and provide data to the panel manufacturer. They will replace any defective panels completely under warranty, including all labor, at no cost to us. Much better customer service and warranty coverage than just about anything you can buy these days!The latest IPCC report is saying that we’d better get busy reducing fossil fuel use NOW, and the 30% federal tax rebates start dropping in 2021. We’d highly recommend contacting Namaste sooner rather than later.——–Adddendum 2023: We had Namaste install 24 solar panels in 2015, and gave them a 5-star review. In order to offset increased electricity usage from a new electric heat pump, they recently installed another 14 panels. Gary, the design engineer, was a pleasure to work with. He came up with a layout that accommodated our desire to have a wide enough path to various parts of the roof without compromising much efficiency. They started the work a few weeks earlier than we expected, even though they had to rake snow off our roof to do so. They asked us if it would be okay for the crew to disappear early the second day in order to help another crew finish up, which we had no problems with. And then later that day yet another crew had finished early, so they came to our house to make a few more hours of progress. They also cleaned pine needles from the gutters near the previously installed panels. The system has worked perfectly, some days producing more electricity than the larger, better oriented older array—the new panels use microinverters and are much more tolerant of partial shading due to snow that has not completely slid off.We would definitely use them again, except they’ve already covered all good spots on our roof with panels :).read more
Joel M.
Joel M.
1679876975
Fantastic customer service, highly recommend using their services.
Braddock M.
Braddock M.
1678311788
junior 5.
junior 5.
1677868087
Every aspect of working with Namaste Solar went great. We especially appreciated the work of the installation crew in spite of very hot conditions.
Don P.
Don P.
1673286152
Very communicative! We couldn’t be happier with our solar install.
Dave L.
Dave L.
1672177269
I wanted to get solar as electric prices keep going up and there are great tax breaks right now. I investigated three companies. Namaste was slightly more than the other two, as far as I could tell. … The other two gave me fantastical scenarios I suspected were overly optimistic. They also were not sure what the technology being used was, e.g. type of panel, inverter type etc… Namaste quickly answered every question I had – and they were technical questions.Namaste said what everything would cost up front and never wavered. They were incredibly flexible with the financing. The work crews showed up on schedule, were polite and let me know what was needed from me well in advance.I am not sure how long Namaste has been installing solar panels but they are a pleasure to work with. They are professionals.read more
Paul H.
Paul H.
1672119022
Overall our experience was great. The only “issue” was that it took quite a while for them to be able to get to us (because of being busy) but in fairness, they informed us of the wait. And it was… only a very small amount longer than they estimated.Once they started, it was quick and painless. They were all friendly and helpful. It hasn’t been up and running for long, but no problems!When we have called a few times with questions, they are reasonably quick to return the call.We would certainly recommend this company for your solar installation.read more
Jamie M.
Jamie M.
1670868553
Wow, what a company! From the initial planning to when we finally flipped on the switch, Namaste let us know what we needed to do, what the next steps were, and kept us informed about any updates.… Their work crews were supremely professional and our liaison for the entire project couldn’t have been nicer or more efficient. I only wish I had another roof to add more solar to – I would 100% work with them again.read more
Laura K.
Laura K.
1669911329
Great people, great service. Best Solar Crews around.
Zachary “Ζ多øω” B.
Zachary “Ζ多øω” B.
1669908898
My experience with Namaste was great from start to finish. They kept us informed of the status every step of the way to let us know exactly where we were in the process (there were quite a few steps… that included Boulder County, Xcel and themselves- including a long delay while Xcel installed a new transformer in the neighborhood). The fact that Namaste is locally owned was a huge plus (and owned by the employees, giving them an added incentive to do the right thing). I work in renewable energy (at the utility scale rather than the residential scale) and the equipment they installed, while not the latest module (panel) wattage, was very high quality. Solar Edge inverters and REC n-type modulesread more
Andy O.
Andy O.
1669868981
We finally bit the bullet and went ahead with putting solar on our roof. After investigating several solar companies, we chose Namaste and we were extremely satisfied with the entire process. The… Namaste Team kept us informed from start to finish. The install date ended up to be scheduled for November. The frosty cold mornings and cold daytime temperatures didn’t stop our installation and our team (led by Matt T.) arrived promptly and in good spirits. The job. Was completed a day ahead too!This company is locally owned and started in Boulder, as well.read more
Karyn S.
Karyn S.
1668546901
Namaste did a great job with our installation. From the initial design to the final inspection they kept us informed of where we were in the process. The install team arrived on time and were… cautious. They kept their work area clean the entire time and did not leave any trash behind. The system is working great and we are glad to have chosen Namaste for our system.read more
Ryan K.
Ryan K.
1668104125
I selected Namaste solar for my home for a number of reasons, including that they’re a local company and employee-owned. Their products are top of line, their installation was sooner than… anticipated, and their customer service high-touch and effective.read more
Brett S.
Brett S.
1667856523
We had a very good experience working with our Namaste Solar team. We were given a time line for each step of the process and the timing of each step. Being part of the decision process regarding the… number of panels to meet our needs as well as how they would look on our house ensured there were no surprises. We got our installation done ahead of schedule. The installation crew was friendly and knowledgeable. Job well done from start to finish.read more
Cindy W.
Cindy W.
1666969027
Our experience with Namaste Solar has been fantastic! From the initial contact, installation and follow up our experience has been stellar. They have a clearly designed process to help understand… how each step will go. All of employees who came to install were respectful and very efficient. AND equally important, the system works wonderfully – I love being able to see in real time how much money we save from our solar panel installation.read more
Meg G.
Meg G.
1666887496
Namaste put solar on my house. They did a great job from quote to completion of project and follow up to any questions that I have. It was a pleasure working with them all the way. I highly recommend… them!!read more
Tim C.
Tim C.
1664554002
My experience with the professionals at Namaste Solar was top notch. They do excellent work, but their strongest quality is their timely communication. I never felt forgotten. I am sending people… their way when asked.read more
Marilyn G.
Marilyn G.
1664054735
Starting with our sales person, Anna Perry, the whole team at Namaste Solar was fantastic in their approach to making us happy by putting us number one. Any one who uses Namaste Solar will be very… pleased with their work and commitment to you the customer.read more
Mary L.
Mary L.
1663351440
Overall, we are very happy with the purchase of our system.Especially as we watch our neighbors energy prices go up this seems to be a great investment.We have had a few issues with our system, but… Namaste has gone out of their way to resolve these issues.read more
Shea W.
Shea W.
1663277613
These guys were great. We had done a lot of research before contracting with a company and we’re so glad we ended up with Namaste. The attention to detail, quality, and overall service was fantastic.… Would absolutely recommend!!read more
Audra O.
Audra O.
1659612285
Our experience with Namaste was excellent, from start to finish. They were expert in all areas, and very communicative with us all along the way. Every employee we worked with was a top-notch… professional, and the installation crew was careful, efficient, and very respectful of us and our home.We cannot say enough good things about Namaste. We recommend them most highly!read more
Steve O
Steve O
1653582885
Jake and Jake were outstanding. Professional, courteous, knowledgeable. They went out of there way to get the job done at my house after the storm. Really appreciated.
Pat M.
Pat M.
1653496535
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