Solar Panel Cost Guide in Alva, OK (2024 Update)
- Alva Solar Installation Cost: $18,199
- 25-Year Savings: $20,856
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Alva
We break down average solar pricing in Alva.
The average cost of a solar panel system in Alva is 3 per watt.Since a 8.3-kW system is needed to cover the energy usage of a typical home in Alva, the average price of going solar will be about $18,199 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Alva based on a few factors, such as the model of solar panels you choose and the solar company you hire.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Alva can save about $17,000 on their power bills over 20 years.
To get a free estimate from a top solar installer in Alva, you can click the button below.
Solar savings over time in Alva
| Year | Return on Investment |
|---|---|
| 1 years | $-16,990 |
| 3 years | $-14,571 |
| 5 years | $-12,153 |
| 7 years | $-9,735 |
| 9 years | $-7,317 |
| 11 years | $-4,898 |
| 13 years | $-2,480 |
| 15 years | $-62 |
| 17 years | $2,357 |
| 19 years | $4,775 |
| 21 years | $7,193 |
| 23 years | $9,612 |
| 25 years | $12,030 |
Top Solar Installers in Alva
Many homeowners decide to hire a solar installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money after your initial investment.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Alva
Factors that Affect Solar Panel Costs in Alva
There are many factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,130. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Alva average.
Solar Financing Terms
Most solar installers in Alva have solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can affect your pricing. Alva’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.26 | $13,672 | $12,397 | 13.1 years |
| 8 kW | $3.19 | $17,879 | $16,880 | 12.9 years |
| 10 kW | $3.13 | $21,910 | $21,539 | 12.6 years |
| 12 kW | $3.07 | $25,766 | $26,372 | 12.4 years |
| 14 kW | $3.00 | $29,447 | $31,381 | 12.1 years |
| 16 kW | $2.94 | $32,953 | $36,565 | 11.9 years |
| 18 kW | $2.88 | $36,283 | $41,925 | 11.6 years |
| 20 kW | $2.82 | $39,438 | $47,459 | 11.3 years |
How to Save on Solar Panels
There are many companies available in Alva, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Alva, OK Solar Cost FAQs
What is the average cost of installing solar panels in Alva?
The average cost of solar panels in Alva is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Alva?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Alva?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Alva?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.