Solar Panel Cost Guide in Perry, OK (2024 Update)
- Perry Solar Installation Cost: $18,650
- 25-Year Savings: $23,640
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Perry
Find out how much it might cost to install solar panels in Perry.
Although the national average of solar panels is $2.66 per watt, solar panels in Perry typically cost about 3.The average Perry homeowner needs a 8.5-kilowatt system, which would cost about $18,650 with the federal tax credit, or $26,670 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Perry
| Year | Return on Investment |
|---|---|
| 1 years | $-17,441 |
| 3 years | $-15,023 |
| 5 years | $-12,605 |
| 7 years | $-10,186 |
| 9 years | $-7,768 |
| 11 years | $-5,350 |
| 13 years | $-2,932 |
| 15 years | $-513 |
| 17 years | $1,905 |
| 19 years | $4,323 |
| 21 years | $6,742 |
| 23 years | $9,160 |
| 25 years | $11,578 |
Top Solar Installers in Perry
Although you can install solar panels by yourself, it takes extra labor and handiness. That's why almost all homeowners choose to go with a solar panel installer. Also, if you’d like to maximize your investment in solar energy, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Perry
Factors that Affect Solar Panel Costs in Perry
The cost of installing a solar system in Perry can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Perry, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Perry homeowners decide to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the total 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Perry, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $13,995 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $19,010 | 12.1 years |
| 10 kW | $3.13 | $21,910 | $24,201 | 11.9 years |
| 12 kW | $3.07 | $25,766 | $29,567 | 11.6 years |
| 14 kW | $3.00 | $29,447 | $35,108 | 11.4 years |
| 16 kW | $2.94 | $32,953 | $40,824 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,716 | 10.9 years |
| 20 kW | $2.82 | $39,438 | $52,783 | 10.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Perry, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Long-running companies 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.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
EcoWatch's Perry, OK Solar Cost FAQs
How much does it cost to install solar panels in Perry?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Perry?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Perry?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels 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 usually produce about 250 to 400 watt-hours per hour, the average household 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.