Solar Panel Cost Guide in Warr Acres, OK (2023 Update)
- Warr Acres Solar Installation Cost: $15,468
- 25-Year Savings: $21,344
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Warr Acres
Let's have a look at the average cost of solar panels in Warr Acres.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Warr Acres, the typical cost of solar panels is 2.62 per watt. To account for the typical energy usage of the average home in Warr Acres, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $15,461, or $22,109 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more. With average savings of about $17,000 on utility bills over 20 years, many homeowners in Warr Acres find investing in solar can pay off big.
Click the button below to get connected to a top solar company in your area for a personalized estimate.
Solar savings over time in Warr Acres
| Year | Return on Investment |
|---|---|
| 1 years | $-14,259 |
| 3 years | $-11,841 |
| 5 years | $-9,423 |
| 7 years | $-7,004 |
| 9 years | $-4,586 |
| 11 years | $-2,168 |
| 13 years | $251 |
| 15 years | $2,669 |
| 17 years | $5,087 |
| 19 years | $7,506 |
| 21 years | $9,924 |
| 23 years | $12,342 |
| 25 years | $14,760 |
Top Solar Installers in Warr Acres
Putting up solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for your family.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers in Warr Acres:
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 Warr Acres
Factors that Affect Solar Panel Costs in Warr Acres
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Warr Acres: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require 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 type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Warr Acres to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your total costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Warr Acres is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Warr Acres know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $14,744 | 10.9 years |
| 8 kW | $2.67 | $14,965 | $19,952 | 10.7 years |
| 10 kW | $2.62 | $18,340 | $25,307 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $30,808 | 10.3 years |
| 14 kW | $2.52 | $24,649 | $36,457 | 10.1 years |
| 16 kW | $2.46 | $27,583 | $42,252 | 9.9 years |
| 18 kW | $2.41 | $30,371 | $48,193 | 9.7 years |
| 20 kW | $2.36 | $33,012 | $54,282 | 9.5 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you care about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should choose, since different companies offer different panels.
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 Warr Acres, OK Solar Cost FAQs
How much does it cost to install solar panels in Warr Acres?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Warr Acres?
A solar panel system isn't free in Warr Acres, 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 you can take advantage of.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.