If you’re ready to invest in your future with an environmentally-friendly solution, the question on everyone’s mind is how much do solar panels cost? In Denver, Colorado many believe solar power comes with a hefty price tag. However, solar panels are actually more affordable than many realize. In fact, the cost to install solar power has dropped more than 70% in the last 10 years, allowing the industry to deploy thousands of systems nationwide. In 2015 alone, solar prices dropped by 3% in just one year. Plus, there are now many government incentives and rebates that make residential solar panels more affordable than ever before.
Solar Panel Installation Cost
There are a few factors that go into pricing a solar panel installation. At SunKey, we offer three types of panels and two types of inverters. This equates to five different system designs, each of which has a different cost associated with it. Next, we need to take into account the size of your home and roof space, the accessibility and slope of your roof, whether you want an off-grid or grid-tied system, and whether your electrical panel requires any upgrades prior to installing the solar panel system.
Because the time, tasks and equipment involved in each project can vary greatly we prefer to see each project in person to give a detailed quote. By doing a site visit we can ensure that we are giving you an all-inclusive price quote. Additionally, when we are able to give you an accurate price quote we can also tell you exactly how long it will take for you to see a return on your investment.
Solar Energy Rebates and Incentives
At SunKey Energy we stay on top of all of the solar energy rebates and incentives available. When we prepare a price quote for you, we will also advise you of the rebates and incentives to which you are entitled including the 30% Federal Tax Credit and any incentives offered by your local utility company.
Solar Panel Installation Financing
Solar panel installation can be financed through a number of different institutions or through a home equity line of credit. When we visit with you we will be happy to discuss your options with you.
Solar Energy Return on Investment
The typical time need to see a return on investment is going to depend on your specific installation. The direction your roof faces in relation to the amount of sun it receives, the number of solar panels you need and whether you install an off-grid or grid-tied system will determine how much money you save each month and how long it takes for you to recoup your investment. A typical solar panel installation takes anywhere from 3 to 7 years to see a return.
If you’re ready to significantly reduce your electric bill, it’s time to harness the power of our most dependable energy source. Call 303-512-3100 to learn how much solar panels will cost for your home or