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 average cost of solar panels in Owasso is 3 per watt.Because a 8.7-kW system is needed to cover the energy usage of a typical home in Owasso, the average price of going solar will be about $19,071 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Owasso homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $17,000 on power bills over 20 years, many homeowners in Owasso find going solar can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
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
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be hard. Another advantage of utilizing a solar company is that they can help you optimize your ROI by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t certain which solar installer 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
See all of the solar companies in Owasso
Factors that Affect Solar Panel Costs in Owasso
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority 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 choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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
There are numerous companies available in Owasso, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- 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 project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
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 $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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Owasso?
Solar panels aren’t free in Owasso, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Owasso is currently $294,387, so you can look forward to a value of about $12,070 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Owasso is a worthwhile investment.
How long do solar panels last in Owasso?
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 higher 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.