Solar Panel Cost Guide in Anadarko, OK (2023 Update)
- Anadarko Solar Installation Cost: $15,094
- 25-Year Savings: $24,859
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Anadarko
Find out what the average cost of installing solar panels is in Anadarko.
Although the national average of solar panels is $2.66 per watt, solar panels in Anadarko generally cost around 2.62. To account for the typical energy needs of the average home in Anadarko, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs about $15,094, or $21,584 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average Anadarko homeowners see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar installer in Anadarko for a personalized estimate.
Solar savings over time in Anadarko
| Year | Return on Investment |
|---|---|
| 1 years | $-13,496 |
| 3 years | $-10,300 |
| 5 years | $-7,103 |
| 7 years | $-3,907 |
| 9 years | $-711 |
| 11 years | $2,485 |
| 13 years | $5,681 |
| 15 years | $8,878 |
| 17 years | $12,074 |
| 19 years | $15,270 |
| 21 years | $18,466 |
| 23 years | $21,662 |
| 25 years | $24,859 |
Top Solar Installers in Anadarko
When going solar, many homeowners choose to go with a solar installation company since handling can be a challenging project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Anadarko
Factors that Affect Solar Panel Costs in Anadarko
Although the average cost of a solar system in Anadarko is $15,094, your final cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,620. The brand and kind of equipment you choose for your solar system can raise or lower 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 extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Anadarko provide solar loans, which reduce your upfront costs of installing solar. Though solar loans make adopting solar energy more accessible for Anadarko homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better 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 discount can bring their pricing lower to compete with bigger companies.
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 | $17,694 | 9.8 years |
| 8 kW | $2.67 | $14,965 | $23,886 | 9.6 years |
| 10 kW | $2.62 | $18,340 | $30,224 | 9.4 years |
| 12 kW | $2.57 | $21,568 | $36,709 | 9.3 years |
| 14 kW | $2.52 | $24,649 | $43,341 | 9.1 years |
| 16 kW | $2.46 | $27,583 | $50,120 | 8.9 years |
| 18 kW | $2.41 | $30,371 | $57,045 | 8.7 years |
| 20 kW | $2.36 | $33,012 | $64,117 | 8.5 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which installer you should choose, since different companies have different panels.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- 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 expectations you should have about the project timeline.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Anadarko, OK Solar Cost FAQs
How much does it cost to install solar panels in Anadarko?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Anadarko?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
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 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 house 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.