Solar Panel Cost Guide in Vinita, OK (Mar 2023)
- Vinita Solar Installation Cost: $16,103
- 25-Year Savings: $23,830
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Vinita
Find out what the average cost of installing solar panels is in Vinita.
Although the national average of solar panels is $2.66 per watt, solar panels in Vinita typically cost about 2.62. Because a 8.8-kW system is needed to cover the energy needs of a typical home in Vinita, the average price of going solar will be about $16,103 after claiming the federal solar tax credit of 30%.
The true cost of your system can be above or below the average in Vinita based on a few factors, such as the model of solar panels you choose and the solar company you hire. With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Vinita find installing solar panels can be quite rewarding.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Vinita
| Year | Return on Investment |
|---|---|
| 1 years | $-14,505 |
| 3 years | $-11,311 |
| 5 years | $-8,116 |
| 7 years | $-4,921 |
| 9 years | $-1,727 |
| 11 years | $1,468 |
| 13 years | $4,663 |
| 15 years | $7,857 |
| 17 years | $11,052 |
| 19 years | $14,246 |
| 21 years | $17,441 |
| 23 years | $20,636 |
| 25 years | $23,830 |
Top Solar Installers in Vinita
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make swapping over to solar power much easier. Another benefit of utilizing a solar installer is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Vinita
Factors that Affect Solar Panel Costs in Vinita
The cost of installing a solar system in Vinita can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,620 per kilowatt in Vinita. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Vinita, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
Many homeowners find the average cost of solar in Vinita to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Even though solar loans make adopting solar energy more accessible for Vinita homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $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
There are a lot of companies to choose from in Vinita, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Vinita, OK Solar Cost FAQs
What is the average cost of installing 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 real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Vinita?
Leasing solar panels can be an option if you can't 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 bang for your buck from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Vinita?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.