Solar Panel Cost Guide in Henryetta, OK (2023 Update)
- Henryetta Solar Installation Cost: $15,888
- 25-Year Savings: $22,512
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Henryetta
Find out how much it might cost to make the switch to solar in Henryetta.
The average cost of a solar system in Henryetta is 2.62 per watt. Because a 8.7-kW system is needed to cover the energy needs of a typical home in Henryetta, the average price of going solar will be about $15,882 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Henryetta homeowner. 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. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar installer in Henryetta for a quote for your home.
Solar savings over time in Henryetta
| Year | Return on Investment |
|---|---|
| 1 years | $-14,664 |
| 3 years | $-12,218 |
| 5 years | $-9,771 |
| 7 years | $-7,324 |
| 9 years | $-4,878 |
| 11 years | $-2,431 |
| 13 years | $16 |
| 15 years | $2,462 |
| 17 years | $4,909 |
| 19 years | $7,355 |
| 21 years | $9,802 |
| 23 years | $12,249 |
| 25 years | $14,695 |
Top Solar Installers in Henryetta
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Henryetta
Factors that Affect Solar Panel Costs in Henryetta
For many Henryetta homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Henryetta, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Henryetta, one of the most important 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 gauge by looking at past energy bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Henryetta homeowners opt to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact the cost. Henryetta's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Henryetta have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.72 | $11,444 | $15,152 | 10.8 years |
| 8 kW | $2.67 | $14,965 | $20,496 | 10.6 years |
| 10 kW | $2.62 | $18,340 | $25,987 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,624 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,408 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,339 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,417 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $55,641 | 9.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Henryetta, OK Solar Cost FAQs
How much does it cost to install solar panels in Henryetta?
The average cost of solar panels in Henryetta is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Henryetta?
You can't get solar panels for free in Henryetta. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Henryetta?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.