Solar Panel Cost Guide in Vinita, OK (2023 Update)
- Vinita Solar Installation Cost: $16,109
- 25-Year Savings: $23,823
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vinita
We break down average solar pricing in Vinita.
The national average cost of solar panels is $2.66 per watt, but in Vinita it's 2.62 per watt. To cover the typical energy needs of the average home in Vinita, most homeowners require a 8.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,103, or $23,027 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Vinita based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Vinita find investing in solar can be quite rewarding.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Vinita
| Year | Return on Investment |
|---|---|
| 1 years | $-14,872 |
| 3 years | $-12,397 |
| 5 years | $-9,922 |
| 7 years | $-7,447 |
| 9 years | $-4,972 |
| 11 years | $-2,497 |
| 13 years | $-22 |
| 15 years | $2,453 |
| 17 years | $4,928 |
| 19 years | $7,403 |
| 21 years | $9,878 |
| 23 years | $12,353 |
| 25 years | $14,828 |
Top Solar Installers in Vinita
When going solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a time-consuming project. Another upside of working with a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Vinita
Factors that Affect Solar Panel Costs in Vinita
For many Vinita homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Vinita, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,620. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Vinita to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Vinita is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Vinita have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $2.72 | $11,444 | $15,833 | 10.5 years |
| 8 kW | $2.67 | $14,965 | $21,404 | 10.3 years |
| 10 kW | $2.62 | $18,340 | $27,122 | 10.1 years |
| 12 kW | $2.57 | $21,568 | $32,987 | 9.9 years |
| 14 kW | $2.52 | $24,649 | $38,998 | 9.7 years |
| 16 kW | $2.46 | $27,583 | $45,156 | 9.5 years |
| 18 kW | $2.41 | $30,371 | $51,460 | 9.3 years |
| 20 kW | $2.36 | $33,012 | $57,912 | 9.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: When reading through your solar installer's contract, ask questions 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.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
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 Vinita, OK Solar Cost FAQs
How much does it cost to install solar panels in Vinita?
The average cost of solar panels in Vinita is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Vinita?
Solar panels aren't free in Vinita, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Vinita have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How long do solar panels last in Vinita?
Although 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 opt to replace them once you've had them for that long or you can keep using 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.