Solar Panel Cost Guide in Ardmore, OK (2024 Update)
- Ardmore Solar Installation Cost: $18,328
- 25-Year Savings: $23,726
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Ardmore
We go over average solar pricing in Ardmore.
In Ardmore, solar panels cost about 3 per watt on average.The average solar panel system size in Ardmore is around 8.4 kilowatts, meaning a cost of about $18,328 for a solar installation, or $26,209 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Ardmore homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Ardmore can save about $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Ardmore for a quote for your home.
Solar savings over time in Ardmore
| Year | Return on Investment |
|---|---|
| 1 years | $-17,119 |
| 3 years | $-14,700 |
| 5 years | $-12,282 |
| 7 years | $-9,864 |
| 9 years | $-7,446 |
| 11 years | $-5,027 |
| 13 years | $-2,609 |
| 15 years | $-191 |
| 17 years | $2,228 |
| 19 years | $4,646 |
| 21 years | $7,064 |
| 23 years | $9,482 |
| 25 years | $11,901 |
Top Solar Installers in Ardmore
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be hard. The expertise that solar installers provide can be invaluable as well, particularly if you don’t quite know what kind of solar equipment would be right for your home.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
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 Ardmore
Factors that Affect Solar Panel Costs in Ardmore
The cost of installing a solar system in Ardmore can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Ardmore, one of the most important 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 consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.The model of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Ardmore homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence how much you pay. Ardmore’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 cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $3.26 | $13,672 | $14,350 | 12.2 years |
| 8 kW | $3.19 | $17,879 | $19,484 | 12.0 years |
| 10 kW | $3.13 | $21,910 | $24,793 | 11.7 years |
| 12 kW | $3.07 | $25,766 | $30,277 | 11.5 years |
| 14 kW | $3.00 | $29,447 | $35,937 | 11.3 years |
| 16 kW | $2.94 | $32,953 | $41,772 | 11.0 years |
| 18 kW | $2.88 | $36,283 | $47,782 | 10.8 years |
| 20 kW | $2.82 | $39,438 | $53,968 | 10.6 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind 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 ask for their list of offerings before deciding.
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 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 $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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ardmore is currently $139,229, which means you can expect a value of about $5,708 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ardmore is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.