Solar Panel Cost Guide in Ardmore, OK (Feb 2023)
- Ardmore Solar Installation Cost: $15,351
- 25-Year Savings: $23,717
- Payback Period: 9.8 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Ardmore
Find out how much it might cost to make the switch to solar in Ardmore.
The average cost of solar panels in Ardmore is $3 per watt. To cover the typical energy needs of the average home in Ardmore, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,351, or $11,360 after the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you may vary based on factors unique to your home and what company you go with. Many homeowners find going solar is a sound investment. The average homeowner in Ardmore can save about $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in Ardmore for a customized quote.
Solar savings over time in Ardmore
| Year | Return on Investment |
|---|---|
| 1 years | $-13,788 |
| 3 years | $-10,662 |
| 5 years | $-7,537 |
| 7 years | $-4,412 |
| 9 years | $-1,286 |
| 11 years | $1,839 |
| 13 years | $4,965 |
| 15 years | $8,090 |
| 17 years | $11,215 |
| 19 years | $14,341 |
| 21 years | $17,466 |
| 23 years | $20,592 |
| 25 years | $23,717 |
Top Solar Installers in Ardmore
When making the switch to solar, many homeowners opt to use a solar installation company since installing a solar system yourself can be a difficult project. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Ardmore
Factors that Affect Solar Panel Costs in Ardmore
For many Ardmore homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Ardmore, 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
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,620. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Ardmore, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Ardmore to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. It's wise to include 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 back the loan.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing 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 promotion 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 | $16,578 | 10.2 years |
| 8 kW | $2.67 | $14,965 | $22,397 | 10.0 years |
| 10 kW | $2.62 | $18,340 | $28,363 | 9.8 years |
| 12 kW | $2.57 | $21,568 | $34,475 | 9.6 years |
| 14 kW | $2.52 | $24,649 | $40,735 | 9.4 years |
| 16 kW | $2.46 | $27,583 | $47,141 | 9.2 years |
| 18 kW | $2.41 | $30,371 | $53,694 | 9.0 years |
| 20 kW | $2.36 | $33,012 | $60,394 | 8.8 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should go with, since different companies offer different panels.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Ardmore, OK Solar Cost FAQs
How much does it cost to install solar panels in Ardmore?
The average cost of solar panels in Ardmore is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $934.06 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.