Solar Panel Cost Guide in Verdigris, OK (2024 Update)
- Verdigris Solar Installation Cost: $19,115
- 25-Year Savings: $23,933
- Payback Period: 12.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Verdigris
Let’s take a look at the average cost of solar in Verdigris.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Verdigris, the average cost of solar panels is 3 per watt.The average Verdigris homeowner needs a 8.7-kilowatt system, which would cost about $19,115 with the federal tax credit, or $27,334 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average Verdigris homeowners see about $17,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Verdigris
| Year | Return on Investment |
|---|---|
| 1 years | $-17,877 |
| 3 years | $-15,402 |
| 5 years | $-12,927 |
| 7 years | $-10,452 |
| 9 years | $-7,977 |
| 11 years | $-5,502 |
| 13 years | $-3,027 |
| 15 years | $-552 |
| 17 years | $1,923 |
| 19 years | $4,398 |
| 21 years | $6,873 |
| 23 years | $9,348 |
| 25 years | $11,823 |
Top Solar Installers in Verdigris
Although it's possible to install solar panels on your own, it involves extra effort and know-how. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Verdigris
Factors that Affect Solar Panel Costs in Verdigris
There are a number of factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Verdigris, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by around $3,130 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Verdigris to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Verdigris, and each can charge varying amounts for labor and equipment.Additionally, some companies in Verdigris have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,791 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $18,739 | 12.2 years |
| 10 kW | $3.13 | $21,910 | $23,862 | 12.0 years |
| 12 kW | $3.07 | $25,766 | $29,160 | 11.7 years |
| 14 kW | $3.00 | $29,447 | $34,634 | 11.5 years |
| 16 kW | $2.94 | $32,953 | $40,282 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,106 | 11.0 years |
| 20 kW | $2.82 | $39,438 | $52,106 | 10.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies offer different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
EcoWatch's Verdigris, OK Solar Cost FAQs
How much does it cost to install solar panels in Verdigris?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Verdigris?
Leasing solar panels can be an option if you can’t afford to pay upfront or get 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.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.