Solar Panel Cost Guide in Henryetta, OK (Mar 2023)
- Henryetta Solar Installation Cost: $15,882
- 25-Year Savings: $22,517
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Henryetta
Let's have a look at the average cost of solar in Henryetta.
Although the national average of solar panels is $2.66 per watt, solar panels in Henryetta generally cost around 2.62. The average Henryetta homeowner needs a 8.7-kilowatt system, which would cost about $15,882 with the federal tax credit, or $22,711 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Henryetta homeowners. The cost 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. Despite the significant initial cost, the average Henryetta homeowner can save about $17,000 on their energy bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Henryetta
| Year | Return on Investment |
|---|---|
| 1 years | $-14,346 |
| 3 years | $-11,274 |
| 5 years | $-8,202 |
| 7 years | $-5,131 |
| 9 years | $-2,059 |
| 11 years | $1,013 |
| 13 years | $4,085 |
| 15 years | $7,157 |
| 17 years | $10,229 |
| 19 years | $13,301 |
| 21 years | $16,373 |
| 23 years | $19,445 |
| 25 years | $22,517 |
Top Solar Installers in Henryetta
When making the switch to solar, many homeowners opt to use a solar company since DIY solar panel installation can be a difficult project. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for you.
If you'd like to go solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Henryetta
Factors that Affect Solar Panel Costs in Henryetta
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,620 per kilowatt in Henryetta. The kind of solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Henryetta average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Henryetta, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's important to consider that 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 final major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Henryetta, you'll have plenty of options to choose from, but each comes at different price points for labor and 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 walking you through the whole process. Even if they cost more upfront, they could help you save 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 panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Henryetta?
A solar panel system isn't free in Henryetta, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $886.53 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger level 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.