Solar Panel Cost Guide in Grove, OK (2024 Update)
- Grove Solar Installation Cost: $19,357
- 25-Year Savings: $23,946
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Grove
We go over average solar pricing in Grove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grove, the typical cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Grove, most homeowners require a 8.8-kilowatt system. Using the figure above, a solar installation costs around $19,357, or $27,681 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Grove based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar panel company in Grove for a personalized quote.
Solar savings over time in Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-18,120 |
| 3 years | $-15,645 |
| 5 years | $-13,170 |
| 7 years | $-10,695 |
| 9 years | $-8,220 |
| 11 years | $-5,745 |
| 13 years | $-3,270 |
| 15 years | $-795 |
| 17 years | $1,680 |
| 19 years | $4,155 |
| 21 years | $6,630 |
| 23 years | $9,105 |
| 25 years | $11,580 |
Top Solar Installers in Grove
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Grove
Factors that Affect Solar Panel Costs in Grove
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Grove: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Grove, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,130 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect how much you pay. Grove’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $13,594 | 12.5 years |
| 8 kW | $3.19 | $17,879 | $18,476 | 12.3 years |
| 10 kW | $3.13 | $21,910 | $23,533 | 12.1 years |
| 12 kW | $3.07 | $25,766 | $28,766 | 11.8 years |
| 14 kW | $3.00 | $29,447 | $34,173 | 11.6 years |
| 16 kW | $2.94 | $32,953 | $39,756 | 11.3 years |
| 18 kW | $2.88 | $36,283 | $45,515 | 11.1 years |
| 20 kW | $2.82 | $39,438 | $51,448 | 10.8 years |
How to Save on Solar Panels
There are many companies to choose from in Grove, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
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 Grove, OK Solar Cost FAQs
What is the average cost of installing solar panels in Grove?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Grove?
A solar panel system isn’t free in Grove, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Grove?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.