Solar Panel Cost Guide in Collinsville, OK (2024 Update)
- Collinsville Solar Installation Cost: $19,071
- 25-Year Savings: $23,969
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Collinsville
Find out how much it might cost to switch to solar power in Collinsville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Collinsville, the average cost of solar panels is 3 per watt.Since a 8.7-kW system is needed to cover the energy needs of a typical home in Collinsville, the average price of going solar will be about $19,071 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Collinsville based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $17,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Collinsville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,834 |
| 3 years | $-15,359 |
| 5 years | $-12,884 |
| 7 years | $-10,409 |
| 9 years | $-7,934 |
| 11 years | $-5,459 |
| 13 years | $-2,984 |
| 15 years | $-509 |
| 17 years | $1,966 |
| 19 years | $4,441 |
| 21 years | $6,916 |
| 23 years | $9,391 |
| 25 years | $11,866 |
Top Solar Installers in Collinsville
Many homeowners decide to hire a solar installer since installing solar panels yourself can be hard. Another good thing about choosing a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar company in Collinsville, we've compiled a list of our top suggestions here:
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 Collinsville
Factors that Affect Solar Panel Costs in Collinsville
Although the average cost of a solar system in Collinsville is $19,071, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $3,130 per kilowatt in Collinsville.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Collinsville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Collinsville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Even though solar loans make going solar more accessible for Collinsville homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Collinsville, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,854 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $18,823 | 12.2 years |
| 10 kW | $3.13 | $21,910 | $23,966 | 11.9 years |
| 12 kW | $3.07 | $25,766 | $29,285 | 11.7 years |
| 14 kW | $3.00 | $29,447 | $34,780 | 11.5 years |
| 16 kW | $2.94 | $32,953 | $40,449 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,294 | 11.0 years |
| 20 kW | $2.82 | $39,438 | $52,315 | 10.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Collinsville, OK Solar Cost FAQs
What is the average cost of installing solar panels in Collinsville?
The average cost of solar panels in Collinsville is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Collinsville?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Collinsville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.