Solar Panel Cost Guide in Altus, OK (2025 Update)
- Altus Solar Installation Cost: $17,485
- 25-Year Savings: $13,452
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Altus
Let’s have a look at the average cost of solar in Altus.
Although the national average of solar panels is $2.66 per watt, solar panels in Altus generally cost about 3.Using this figure, a typical 8.0-kW system would cost about $17,485 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you choose to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Altus
| Year | Return on Investment |
|---|---|
| 1 years | $-16,248 |
| 3 years | $-13,773 |
| 5 years | $-11,298 |
| 7 years | $-8,823 |
| 9 years | $-6,348 |
| 11 years | $-3,873 |
| 13 years | $-1,398 |
| 15 years | $1,077 |
| 17 years | $3,552 |
| 19 years | $6,027 |
| 21 years | $8,502 |
| 23 years | $10,977 |
| 25 years | $13,452 |
Top Solar Installers in Altus
When making the switch to solar, many homeowners decide to hire a solar company since overseeing your solar installation yourself can be a difficult project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Altus
Factors that Affect Solar Panel Costs in Altus
For many Altus homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Altus, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Altus, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,130 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Altus homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence your pricing. Altus’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $20,179 | 10.1 years |
| 8 kW | $3.19 | $17,879 | $27,256 | 9.9 years |
| 10 kW | $3.13 | $21,910 | $34,508 | 9.7 years |
| 12 kW | $3.07 | $25,766 | $41,936 | 9.5 years |
| 14 kW | $3.00 | $29,447 | $49,539 | 9.3 years |
| 16 kW | $2.94 | $32,953 | $57,317 | 9.1 years |
| 18 kW | $2.88 | $36,283 | $65,270 | 8.9 years |
| 20 kW | $2.82 | $39,438 | $73,399 | 8.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting 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 has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
EcoWatch's Altus, OK Solar Cost FAQs
How much does it cost to install solar panels in Altus?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 extra solar equipment or higher quality 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 less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.