Are Solar Panels Worth It In Colorado?
If you are a homeowner in Colorado you may be wondering if solar panels are worth it for your home or business.
In this guide we will discuss the pros & cons of solar panels in Colorado and explore ways to save money with Colorado solar incentives & programs.
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Is Colorado a Good Place for Solar?
It turns out that Colorado is a very good state for installing solar panels, thanks to its 250+ sunny days in a year. Since solar panels convert energy from the sun into electricity, you enjoy a renewable energy supply all year round.
Also, solar energy equipment is affordable, given the relatively small system size required to offset utility bills. Also, installing a solar panel in your Colorado home qualifies you for countless incentives, tax credits, rebates, and utility rewards programs.
Read Also: The Complete Guide to Colorado Solar Incentives
How Much Do You Save by Switching to Solar?
Electricity bills have continued to increase in Colorado and other states lately. On average, homeowners in Colorado pay about $127.88 monthly on electricity bills. If you buy and install a solar panel system, you can save approximately $1000 yearly and about $25000 in the system's lifetime. Colorado's net metering incentive program also allows you to save more on electricity bills every time you contribute excess solar energy to the grid. Find out your energy savings with a solar savings Calculator in Colorado.
Find out if you qualify for solar savings programs!
Do I Qualify?
Please enter a zip code
Do Solar Panels Increase Property Value?
Yes, Installing a solar panel in your Colorado home will increase the resale value. According to a recent study by Zillow, homes with solar systems installed will sell at 4.1% more than those without solar systems. Although factors like location, cost of solar panel installation, local energy cost, and age of solar panels might affect the overall added value, you will still get a great deal. With a median home value of $500,000 in Colorado, you can get up to $20,000 more on your home resale if you install solar panels with EcoGen America in Colorado.
What's the Payback Period for Solar in Colorado?
Generally, it takes about 10-13 years to get complete ROI on your solar panel system. However, Colorado homeowners have had payback times in less than 10 years! In most cases, factors like upfront cost, total energy consumption, generation, and financial incentives will effect the payback period for solar in Colorado.
Going Solar in Colorado
Colorado is one of the best Solar energy states in the US, with remarkably sunny weather for most of the year. As a homeowner, switching to solar panels allows you to save on energy costs, increase home value, and enjoy a reliable power supply and Colorado solar incentives.
If you are curious about powering your home or business with solar panels, start by getting a free solar quote from the Colorado solar experts at EcoGen America.
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On average the solar payback period is 10-13 years. However, in Colorado some homeowners have recouped their solar investment in less than 10 years.
