Solar Panel Cost Guide in Sayre, OK (2024 Update)
- Sayre Solar Installation Cost: $17,643
- 25-Year Savings: $29,947
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Sayre
Let’s have a look at the average cost of solar in Sayre.
Although the national average of solar panels is $2.66 per watt, solar panels in Sayre generally cost about 3.Using this figure, a typical 8.1-kW system would cost about $17,643 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Sayre see about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar company in Sayre for a customized estimate.
Solar savings over time in Sayre
| Year | Return on Investment |
|---|---|
| 1 years | $-16,405 |
| 3 years | $-13,930 |
| 5 years | $-11,455 |
| 7 years | $-8,980 |
| 9 years | $-6,505 |
| 11 years | $-4,031 |
| 13 years | $-1,556 |
| 15 years | $919 |
| 17 years | $3,394 |
| 19 years | $5,869 |
| 21 years | $8,344 |
| 23 years | $10,819 |
| 25 years | $13,294 |
Top Solar Installers in Sayre
Many homeowners choose to use a solar installer since figuring out how to install solar panels by yourself can be hard. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you're looking for a solar installer in Sayre, the EcoWatch team has put together a list of our top suggestions here:
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 adopt solar energy comes down to 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 various 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 panel system in Sayre, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,130 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Sayre, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Sayre, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Sayre, and each can charge varying amounts for labor and equipment.Larger national companies typically 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 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 | $19,646 | 10.3 years |
| 8 kW | $3.19 | $17,879 | $26,545 | 10.1 years |
| 10 kW | $3.13 | $21,910 | $33,619 | 9.9 years |
| 12 kW | $3.07 | $25,766 | $40,869 | 9.7 years |
| 14 kW | $3.00 | $29,447 | $48,294 | 9.5 years |
| 16 kW | $2.94 | $32,953 | $55,894 | 9.3 years |
| 18 kW | $2.88 | $36,283 | $63,669 | 9.1 years |
| 20 kW | $2.82 | $39,438 | $71,620 | 8.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
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
How much does it cost to install solar panels in Sayre?
The average cost of solar panels in Sayre is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Sayre?
A solar panel system isn’t free in Sayre, 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.
How will solar panels impact how much my home is worth?
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 Sayre is currently $103,619, so you can expect a value of about $4,248 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sayre is a worthwhile investment.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.