Solar Panel Cost Guide in Guymon, OK (2024 Update)
- Guymon Solar Installation Cost: $17,393
- 25-Year Savings: $35,244
- Payback Period: 8.7 Years
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Average Cost of Solar Panels in Guymon
We go over average solar pricing in Guymon.
The average cost of solar panels in Guymon is 3 per watt.Since a 7.9-kW system is needed to cover the energy needs of a typical home in Guymon, the average price of going solar will be about $17,393 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Guymon homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average Guymon homeowners see about $24,000 in savings on utility bills over 20 years.
To get a free quote from a vetted solar installation company in Guymon, you can click the button below.
Solar savings over time in Guymon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,648 |
| 3 years | $-12,158 |
| 5 years | $-8,667 |
| 7 years | $-5,177 |
| 9 years | $-1,686 |
| 11 years | $1,804 |
| 13 years | $5,295 |
| 15 years | $8,785 |
| 17 years | $12,275 |
| 19 years | $15,766 |
| 21 years | $19,256 |
| 23 years | $22,747 |
| 25 years | $26,237 |
Top Solar Installers in Guymon
Although it's possible to install solar panels on your own, it requires extra time and know-how. Because of that, the majority of homeowners choose a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our recommendations for providers in Guymon:
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 Guymon
Factors that Affect Solar Panel Costs in Guymon
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 Guymon: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,130.The kind of solar equipment you choose can bring your price up or down 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. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Guymon average.
Solar Financing Terms
Most solar companies in Guymon provide solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Guymon, you’ll have plenty of 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 undercut them by offering 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 | $23,970 | 9.1 years |
| 8 kW | $3.19 | $17,879 | $32,310 | 8.9 years |
| 10 kW | $3.13 | $21,910 | $40,826 | 8.7 years |
| 12 kW | $3.07 | $25,766 | $49,517 | 8.6 years |
| 14 kW | $3.00 | $29,447 | $58,383 | 8.4 years |
| 16 kW | $2.94 | $32,953 | $67,425 | 8.2 years |
| 18 kW | $2.88 | $36,283 | $76,642 | 8.0 years |
| 20 kW | $2.82 | $39,438 | $86,034 | 7.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Guymon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Guymon, OK Solar Cost FAQs
What is the average cost of installing solar panels in Guymon?
The average cost of solar panels in Guymon 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Guymon?
Leasing solar panels can be an attractive choice, as 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install between 20 and 35 panels to account for 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.