Solar Panel Cost Guide in Wagoner, OK (Mar 2023)
- Wagoner Solar Installation Cost: $16,011
- 25-Year Savings: $24,079
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wagoner
Let's have a look at the average cost of solar in Wagoner.
The national average cost of solar panels is $2.66 per watt, but in Wagoner it's 2.62 per watt. The average solar panel system size in Wagoner is around 8.7 kilowatts, meaning a cost of about $16,011 for a solar installation, or $22,896 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Wagoner homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar company in your area for a customized quote.
Solar savings over time in Wagoner
| Year | Return on Investment |
|---|---|
| 1 years | $-14,407 |
| 3 years | $-11,200 |
| 5 years | $-7,993 |
| 7 years | $-4,786 |
| 9 years | $-1,578 |
| 11 years | $1,629 |
| 13 years | $4,836 |
| 15 years | $8,043 |
| 17 years | $11,250 |
| 19 years | $14,458 |
| 21 years | $17,665 |
| 23 years | $20,872 |
| 25 years | $24,079 |
Top Solar Installers in Wagoner
Although you can install solar panels on your own, it takes extra effort and expertise. That's why almost all homeowners choose to hire a solar panel installer. The expertise that solar installers provide can be invaluable as well, particularly if you don't quite know what brand of solar equipment you need.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Wagoner
Factors that Affect Solar Panel Costs in Wagoner
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Wagoner: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, 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
Most solar installers in Wagoner have solar loans, which reduce your upfront costs of installing solar. It's a good idea to include 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 off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect your pricing. Wagoner's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Wagoner are more knowledgeable 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 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 | $16,102 | 10.4 years |
| 8 kW | $2.67 | $14,965 | $21,762 | 10.2 years |
| 10 kW | $2.62 | $18,340 | $27,570 | 10.0 years |
| 12 kW | $2.57 | $21,568 | $33,524 | 9.8 years |
| 14 kW | $2.52 | $24,649 | $39,625 | 9.6 years |
| 16 kW | $2.46 | $27,583 | $45,872 | 9.4 years |
| 18 kW | $2.41 | $30,371 | $52,267 | 9.2 years |
| 20 kW | $2.36 | $33,012 | $58,808 | 9.0 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. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: When reading over your solar company'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: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Wagoner, OK Solar Cost FAQs
How much does it cost to install solar panels in Wagoner?
This is a tough question to answer precisely, because the cost depends on many 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-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 Wagoner?
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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Wagoner, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.