Solar Panel Cost Guide in Sayre, OK (2023 Update)
- Sayre Solar Installation Cost: $14,764
- 25-Year Savings: $29,951
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sayre
Let's take a look at the average cost of solar panels in Sayre.
While the national average of solar panels is $2.66 per watt, solar panels in Sayre generally cost about 2.62. Using this figure, a typical 8.1-kW system would cost about $14,764 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will differ based on your specific situation and what company you choose to go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on power bills.
To receive a free estimate from a highly rated solar installer in Sayre, you can click the button below.
Solar savings over time in Sayre
| Year | Return on Investment |
|---|---|
| 1 years | $-12,975 |
| 3 years | $-9,398 |
| 5 years | $-5,821 |
| 7 years | $-2,244 |
| 9 years | $1,334 |
| 11 years | $4,911 |
| 13 years | $8,488 |
| 15 years | $12,065 |
| 17 years | $15,642 |
| 19 years | $19,220 |
| 21 years | $22,797 |
| 23 years | $26,374 |
| 25 years | $29,951 |
Top Solar Installers in Sayre
When making the switch to solar, many homeowners decide to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for your home.
If you're looking for a solar company in Sayre, the EcoWatch team has compiled a list of our top suggestions here:
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 Sayre
Factors that Affect Solar Panel Costs in Sayre
For many Sayre homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Sayre, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Sayre, one of the most crucial 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 consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Sayre to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Sayre, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $21,873 | 8.6 years |
| 8 kW | $2.67 | $14,965 | $29,458 | 8.4 years |
| 10 kW | $2.62 | $18,340 | $37,189 | 8.3 years |
| 12 kW | $2.57 | $21,568 | $45,067 | 8.1 years |
| 14 kW | $2.52 | $24,649 | $53,092 | 7.9 years |
| 16 kW | $2.46 | $27,583 | $61,263 | 7.8 years |
| 18 kW | $2.41 | $30,371 | $69,581 | 7.6 years |
| 20 kW | $2.36 | $33,012 | $78,046 | 7.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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 Sayre, OK Solar Cost FAQs
What is the average cost of installing solar panels in Sayre?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Sayre?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Sayre?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 account for 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.