Solar Panel Cost Guide in Guthrie, OK (2024 Update)
- Guthrie Solar Installation Cost: $18,496
- 25-Year Savings: $23,297
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Guthrie
Let’s have a look at the average cost of solar panels in Guthrie.
While the national average of solar panels is $2.66 per watt, solar panels in Guthrie typically cost about 3.To account for the typical energy needs of the average home in Guthrie, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $18,496, or $26,449 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Guthrie homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Guthrie can save around $17,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Guthrie
| Year | Return on Investment |
|---|---|
| 1 years | $-17,287 |
| 3 years | $-14,869 |
| 5 years | $-12,451 |
| 7 years | $-10,032 |
| 9 years | $-7,614 |
| 11 years | $-5,196 |
| 13 years | $-2,777 |
| 15 years | $-359 |
| 17 years | $2,059 |
| 19 years | $4,478 |
| 21 years | $6,896 |
| 23 years | $9,314 |
| 25 years | $11,732 |
Top Solar Installers in Guthrie
When going solar, many homeowners choose to use a solar installation company since putting up solar panels yourself can be a challenging project. Another advantage of using a solar installer is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar installer in Guthrie, we've put together a list of our top suggestions here:
See all of the solar companies in Guthrie
Factors that Affect Solar Panel Costs in Guthrie
Even though the average cost of a solar system in Guthrie is $18,496, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,130. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Guthrie, where sunlight is 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
Most solar companies in Guthrie offer solar loans, which reduce the initial cost of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $13,890 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $18,870 | 12.2 years |
| 10 kW | $3.13 | $21,910 | $24,026 | 11.9 years |
| 12 kW | $3.07 | $25,766 | $29,357 | 11.7 years |
| 14 kW | $3.00 | $29,447 | $34,864 | 11.4 years |
| 16 kW | $2.94 | $32,953 | $40,545 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,402 | 11.0 years |
| 20 kW | $2.82 | $39,438 | $52,434 | 10.7 years |
How to Save on Solar Panels
There are a large number of companies available in Guthrie, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
EcoWatch's Guthrie, OK Solar Cost FAQs
How much does it cost to install solar panels in Guthrie?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out 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.