Solar Panel Cost Guide in Owasso, OK (2023 Update)
- Owasso Solar Installation Cost: $15,956
- 25-Year Savings: $23,249
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Owasso
Find out what the average cost of solar panels are in Owasso.
The national average cost of solar panels is $2.66 per watt, but in Owasso it's 2.62 per watt. To account for the typical energy usage of the average home in Owasso, most homeowners require a 8.7-kilowatt system. Using the figure above, a solar installation costs around $15,956, or $22,817 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and your own solar costs will most likely look different based on your specific situation and what company you go with. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Owasso find installing solar panels can be quite rewarding.
Click the button below to get connected to a top solar panel company in Owasso for a customized quote.
Solar savings over time in Owasso
| Year | Return on Investment |
|---|---|
| 1 years | $-14,388 |
| 3 years | $-11,251 |
| 5 years | $-8,115 |
| 7 years | $-4,978 |
| 9 years | $-1,842 |
| 11 years | $1,295 |
| 13 years | $4,431 |
| 15 years | $7,567 |
| 17 years | $10,704 |
| 19 years | $13,840 |
| 21 years | $16,977 |
| 23 years | $20,113 |
| 25 years | $23,249 |
Top Solar Installers in Owasso
Although it's possible to install solar panels on your own, it involves extra effort and handiness. For that reason, the majority of homeowners choose to hire a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Owasso, optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Owasso:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Owasso
Factors that Affect Solar Panel Costs in Owasso
There are many factors that can play into your 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 a solar system in Owasso, 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 usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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
Most solar installers in Owasso provide solar loans, which reduce the initial cost of installing solar. Although solar loans make adopting solar energy more accessible for Owasso homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Owasso is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services at different costs. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $15,580 | 10.6 years |
| 8 kW | $2.67 | $14,965 | $21,067 | 10.4 years |
| 10 kW | $2.62 | $18,340 | $26,701 | 10.2 years |
| 12 kW | $2.57 | $21,568 | $32,481 | 10.0 years |
| 14 kW | $2.52 | $24,649 | $38,408 | 9.8 years |
| 16 kW | $2.46 | $27,583 | $44,482 | 9.6 years |
| 18 kW | $2.41 | $30,371 | $50,702 | 9.4 years |
| 20 kW | $2.36 | $33,012 | $57,069 | 9.2 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. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Owasso, OK Solar Cost FAQs
How much does it cost to install solar panels in Owasso?
The average cost of solar panels in Owasso 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 like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Owasso?
Solar panels aren't free in Owasso, 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 help lower the cost.
Is it worth going solar in Owasso?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.