Solar Panel Cost Guide in Guymon, OK (2024 Update)
- Guymon Solar Installation Cost: $17,393
- 25-Year Savings: $35,244
- Payback Period: 8.7 Years
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Average Cost of Solar Panels in Guymon
We go over average solar pricing in Guymon.
The national average cost of solar panels is $2.66 per watt, but in Guymon it’s 3 per watt.The average solar panel system size in Guymon is around 7.9 kilowatts, meaning a cost of about $17,393 for a solar installation, or $24,872 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Guymon based on a few factors, such as the brand of solar panels you choose and the solar installer you hire.But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Guymon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Guymon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,648 |
| 3 years | $-12,158 |
| 5 years | $-8,667 |
| 7 years | $-5,177 |
| 9 years | $-1,686 |
| 11 years | $1,804 |
| 13 years | $5,295 |
| 15 years | $8,785 |
| 17 years | $12,275 |
| 19 years | $15,766 |
| 21 years | $19,256 |
| 23 years | $22,747 |
| 25 years | $26,237 |
Top Solar Installers in Guymon
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make switching to solar power much easier. The expertise that solar companies provide can be valuable as well, especially if you don’t quite know what type of solar equipment you need.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Guymon
Factors that Affect Solar Panel Costs in Guymon
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Guymon: 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 size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,130. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Guymon, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher 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
The solar installation company you pick will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $23,970 | 9.1 years |
| 8 kW | $3.19 | $17,879 | $32,310 | 8.9 years |
| 10 kW | $3.13 | $21,910 | $40,826 | 8.7 years |
| 12 kW | $3.07 | $25,766 | $49,517 | 8.6 years |
| 14 kW | $3.00 | $29,447 | $58,383 | 8.4 years |
| 16 kW | $2.94 | $32,953 | $67,425 | 8.2 years |
| 18 kW | $2.88 | $36,283 | $76,642 | 8.0 years |
| 20 kW | $2.82 | $39,438 | $86,034 | 7.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Guymon, OK Solar Cost FAQs
How much does it cost to install solar panels in Guymon?
The average cost of solar panels in Guymon is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Guymon?
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 way to go if you want to get the most savings.
Is it worth going solar in Guymon?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.