Solar Panel Cost Guide in Henryetta, OK (2024 Update)
- Henryetta Solar Installation Cost: $18,980
- 25-Year Savings: $22,512
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Henryetta
Let’s take a look at the average cost of solar in Henryetta.
In Henryetta, solar panels cost about 3 per watt on average.The average solar panel system size in Henryetta is around 8.7 kilowatts, meaning a cost of about $18,980 for a solar installation, or $27,141 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Henryetta can save about $17,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a custom quote.
Solar savings over time in Henryetta
| Year | Return on Investment |
|---|---|
| 1 years | $-17,757 |
| 3 years | $-15,310 |
| 5 years | $-12,864 |
| 7 years | $-10,417 |
| 9 years | $-7,970 |
| 11 years | $-5,524 |
| 13 years | $-3,077 |
| 15 years | $-630 |
| 17 years | $1,816 |
| 19 years | $4,263 |
| 21 years | $6,709 |
| 23 years | $9,156 |
| 25 years | $11,603 |
Top Solar Installers in Henryetta
Trying to install solar panels by yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you better understand incentives in Henryetta, optimizing your ROI.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Henryetta
Factors that Affect Solar Panel Costs in Henryetta
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Henryetta: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Henryetta homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your total costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Henryetta, you’ll have lots of options to choose from, but each comes at various 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. However, 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 | $3.26 | $13,672 | $12,924 | 12.9 years |
| 8 kW | $3.19 | $17,879 | $17,583 | 12.6 years |
| 10 kW | $3.13 | $21,910 | $22,417 | 12.4 years |
| 12 kW | $3.07 | $25,766 | $27,426 | 12.1 years |
| 14 kW | $3.00 | $29,447 | $32,610 | 11.9 years |
| 16 kW | $2.94 | $32,953 | $37,970 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,505 | 11.4 years |
| 20 kW | $2.82 | $39,438 | $49,215 | 11.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should opt for, since different companies have different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
EcoWatch's Henryetta, OK Solar Cost FAQs
What is the average cost of installing solar panels in Henryetta?
The average cost of solar panels in Henryetta 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 certain factors like the model 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 you can take advantage of.
Is switching to solar power 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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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.