Solar Panel Cost Guide in Owasso, OK (2024 Update)
- Owasso Solar Installation Cost: $19,071
- 25-Year Savings: $23,241
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Owasso
Find out how much it might cost to make the switch to solar in Owasso.
The national average cost of solar panels is $2.66 per watt, but in Owasso it’s 3 per watt.The average Owasso homeowner needs a 8.7-kilowatt system, which would cost about $19,071 with the federal tax credit, or $27,272 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar company in Owasso that can help you get a more accurate cost estimate for your home.
Solar savings over time in Owasso
| Year | Return on Investment |
|---|---|
| 1 years | $-17,834 |
| 3 years | $-15,359 |
| 5 years | $-12,884 |
| 7 years | $-10,409 |
| 9 years | $-7,934 |
| 11 years | $-5,459 |
| 13 years | $-2,984 |
| 15 years | $-509 |
| 17 years | $1,966 |
| 19 years | $4,441 |
| 21 years | $6,916 |
| 23 years | $9,391 |
| 25 years | $11,866 |
Top Solar Installers in Owasso
Although you can install solar panels on your own, it takes extra energy and expertise. Because of that, almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Owasso, optimizing your ROI.
If you're looking for a solar company in Owasso, the EcoWatch team has organized a list of our top suggestions here:
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 Owasso
Factors that Affect Solar Panel Costs in Owasso
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Owasso: 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 size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,130. The solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Owasso average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Owasso homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $13,352 | 12.6 years |
| 8 kW | $3.19 | $17,879 | $18,154 | 12.4 years |
| 10 kW | $3.13 | $21,910 | $23,131 | 12.2 years |
| 12 kW | $3.07 | $25,766 | $28,282 | 11.9 years |
| 14 kW | $3.00 | $29,447 | $33,610 | 11.7 years |
| 16 kW | $2.94 | $32,953 | $39,112 | 11.4 years |
| 18 kW | $2.88 | $36,283 | $44,790 | 11.2 years |
| 20 kW | $2.82 | $39,438 | $50,643 | 10.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you want to install plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
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 Owasso, OK Solar Cost FAQs
What is the average cost of installing solar panels in Owasso?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels 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.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Owasso?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.