Solar Panel Cost Guide in Ardmore, OK (2023 Update)
- Ardmore Solar Installation Cost: $15,342
- 25-Year Savings: $23,726
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ardmore
Find out what the average cost of solar panels are in Ardmore.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ardmore, the typical cost of a solar system is 2.62 per watt. To account for the typical energy needs of the average home in Ardmore, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs about $15,351, or $21,952 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 exact cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Ardmore can save about $18,000 on their power bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Ardmore, you can click the button below.
Solar savings over time in Ardmore
| Year | Return on Investment |
|---|---|
| 1 years | $-14,132 |
| 3 years | $-11,714 |
| 5 years | $-9,296 |
| 7 years | $-6,878 |
| 9 years | $-4,459 |
| 11 years | $-2,041 |
| 13 years | $377 |
| 15 years | $2,796 |
| 17 years | $5,214 |
| 19 years | $7,632 |
| 21 years | $10,051 |
| 23 years | $12,469 |
| 25 years | $14,887 |
Top Solar Installers in Ardmore
Installing solar panels yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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
There are a number of factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,620. There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Ardmore have solar loans, which reduce your upfront costs of installing solar. 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 installer you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating in Ardmore, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most considerable role in your total 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 generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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
Since the type of solar panels and the installation company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
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 $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Ardmore?
You can't get solar panels for free in Ardmore. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Ardmore, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Ardmore?
Although 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 their energy production 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.