A home with a nice looking solar array

Solar Panel Installation Cost & Savings

Lock in Cheap Electricity Prices

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

Tax Credits, Rebates, Incentives

There are many local incentives, utility rebates, and tax credits available 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.
  • The 30% federal tax credit is available now – that’s $6,000 to $15,000 in savings on average.
  • 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.

Real-World Case Study

Let’s also look at a real example. This comes from a Namaste Solar customer in a 3-bedroom, 2.5-bathroom home built in 2019.

Installation Cost

This customer’s total system cost was $20,000 with a net cost of $14,000 after the tax credit.

New Monthly Electric Bill

In the first year, their electricity bill went from $96 a month to $12 a month. (The $12 represents the basic grid access charges from their utility.)

20-Year Electricity Savings

Their system is estimated to save over $30,000 on electricity in its first 20 years. That’s paying for itself twice over!

Energy Offset

We were able to offset 100% of their home’s electrical usage with a 16-panel system.

20-Year Average Utility Price

As utility prices continue to rise, we estimate that their 20-year average utility price would have been $0.164 per kilowatt hour.

Locked In Price

The price of their electricity is now locked in at $0.086 per kilowatt hour with solar.

SOLAR SAVINGS & INCENTIVES

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

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.

A neighborhood in Colorado where every home has solar panels 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.

Our Most Recent Google Reviews

They were very knowledgeable when I contacted them to install our solar panels. The installation was very professional, and they ” crossed their t’s and dotted their “i’s” regarding permits, regulations, and follow-up. I would highly recommend their services.
We’re very glad our neighbor referred us to Namaste Solar, and quickly learned why they have earned the fine reputation as the top provider in our region! Highest praise and gratitude to the entire Namaste team who managed our solar installation. From beginning to end, each member demonstrated the utmost integrity, communicated updates, and provided superior quality service. Our installation team, Michael D. (crew lead), Roman S., John E and Omar A, went above and beyond, starting early in the mornings and working till long after dark to complete the job. Much gratitude to the entire team – Gary G, Ryan C, Nate Z, Michael D, Roman S, John E, and Omar A. Special shout-out to Michael D for supporting us with the Tesla app and setting up the Powerwall. The sun’s shining and we’re thrilled to see our “Self-Powered” meter climbing!
Riley and her team were incredibly professional, communicative, clean and tidy, and a pleasure to work with! The perseverance and service provided by Namaste throughout the process is exemplary. Every challenge and hurdle has been handled with grace and expediency. Working to complete our project around the holiday season and handling of cooperation between ALL permitting, inspections, financing and install. We feel that the decision to choose Namaste for our project has been validated and was a great choice. Thank you!!
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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.

Common Solar Questions

Home solar panel installation costs range from $20,000 to $50,000 on average (without the 30% federal tax credit taken into account). This includes the cost of all materials, labor, freight, permit fees, and sales tax. With a loan, you can go solar with little to no money upfront and lock in a fixed monthly solar electricity payment that is comparable to your current bill. Learn more about the cost and value of home solar.

The payback is typically 10–16 years, depending on if the system was purchased outright or financed. For more details, you can read this blog that explains solar panel payback using a cash flow table.

Solar panels generally require minimal maintenance. Occasional cleaning and inspections ensure optimal performance and longevity.

Currently, the financial incentives for Colorado homeowners who go solar are abundant. And most of them can be stacked. For some customers this ends up saving them nearly 50% on their total system costs. You can read about all the solar incentives available here. And all the battery incentives available here.

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.

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.

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.

solar panels on gray roof

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:

  • Roof Assessment
  • Customized System Design
  • Savings Calculation
  • Return on Investment
  • We are Non-Commissioned
  • 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.

Prefer to Call?

Call us anytime at 303.447.0300

Prefer to Call?

Call us anytime at 303.447.0300