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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Guthrie

Let’s have a look at the average cost of solar panels in Guthrie.

The average cost of solar panels in Guthrie is 3 per watt.Using this figure, a typical 8.4-kW system would cost about $18,496 before the 0 federal solar tax credit is applied.

Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar company in Guthrie that can help you get a more accurate cost estimate for your home.

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

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make your swap to solar power much easier. Some solar companies, particularly local ones, can help you better understand incentives in Guthrie, optimizing your ROI.

If you're searching for a solar installer in Guthrie, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Guthrie

Factors that Affect Solar Panel Costs in Guthrie

There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

When it comes to estimating the cost of solar panels in Guthrie, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,130 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Guthrie average.

Solar Financing Terms

If paying for a solar system out of pocket is too expensive, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s a good idea 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

The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Guthrie, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically 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 additional 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

The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Contract: Read the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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.
  • Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Guthrie, OK Solar Cost FAQs

What is the average cost of installing solar panels in Guthrie?

The average cost of solar panels in Guthrie 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Is it worth going solar in Guthrie?

Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 get 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.

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