Solar Panel Cost Guide in Vinita, OK (2024 Update)
- Vinita Solar Installation Cost: $19,245
- 25-Year Savings: $23,823
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Vinita
Find out what the average cost of a solar system is in Vinita.
While the national average of solar panels is $2.66 per watt, solar panels in Vinita generally cost about 3.Since 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 $19,245 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Vinita homeowner. The cost 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, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Vinita that can help you get a more accurate cost estimate for your home.
Solar savings over time in Vinita
| Year | Return on Investment |
|---|---|
| 1 years | $-18,008 |
| 3 years | $-15,533 |
| 5 years | $-13,058 |
| 7 years | $-10,583 |
| 9 years | $-8,108 |
| 11 years | $-5,633 |
| 13 years | $-3,158 |
| 15 years | $-683 |
| 17 years | $1,792 |
| 19 years | $4,267 |
| 21 years | $6,742 |
| 23 years | $9,217 |
| 25 years | $11,692 |
Top Solar Installers in Vinita
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with a solar panel installer can make your switch to solar power much easier. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our recommendations for providers near you:
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 Vinita
Factors that Affect Solar Panel Costs in Vinita
For many Vinita homeowners, the decision to adopt solar energy rests 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 numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Vinita, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,130 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install 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
If paying for a solar system in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Vinita, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Vinita know more about local solar incentives and can help you make good use 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 | $3.26 | $13,672 | $13,605 | 12.5 years |
| 8 kW | $3.19 | $17,879 | $18,491 | 12.3 years |
| 10 kW | $3.13 | $21,910 | $23,552 | 12.0 years |
| 12 kW | $3.07 | $25,766 | $28,788 | 11.8 years |
| 14 kW | $3.00 | $29,447 | $34,200 | 11.6 years |
| 16 kW | $2.94 | $32,953 | $39,787 | 11.3 years |
| 18 kW | $2.88 | $36,283 | $45,549 | 11.1 years |
| 20 kW | $2.82 | $39,438 | $51,486 | 10.8 years |
How to Save on Solar Panels
There are many 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: 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 most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should go with, since different companies have different panels.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Vinita, OK Solar Cost FAQs
How much does it cost to install solar panels in Vinita?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Vinita?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.