Solar Panel Cost Guide in Bixby, OK (2023 Update)
- Bixby Solar Installation Cost: $15,974
- 25-Year Savings: $22,361
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bixby
See how much it might cost to go solar in Bixby.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bixby, the average cost of solar panels is 2.62 per watt. The average Bixby homeowner needs a 8.7-kilowatt system, which would cost about $15,974 with the federal tax credit, or $22,843 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Bixby find investing in solar can pay off big.
You can click the button below to get connected with a vetted solar company in Bixby for a quote for your home.
Solar savings over time in Bixby
| Year | Return on Investment |
|---|---|
| 1 years | $-14,441 |
| 3 years | $-11,374 |
| 5 years | $-8,307 |
| 7 years | $-5,240 |
| 9 years | $-2,173 |
| 11 years | $893 |
| 13 years | $3,960 |
| 15 years | $7,027 |
| 17 years | $10,094 |
| 19 years | $13,161 |
| 21 years | $16,227 |
| 23 years | $19,294 |
| 25 years | $22,361 |
Top Solar Installers in Bixby
When going solar, many homeowners prefer to hire a solar installation company since putting up a solar system yourself can be a time-consuming project. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Bixby
Factors that Affect Solar Panel Costs in Bixby
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Bixby: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Bixby, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. The type of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Bixby to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Bixby, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $14,968 | 10.8 years |
| 8 kW | $2.67 | $14,965 | $20,251 | 10.6 years |
| 10 kW | $2.62 | $18,340 | $25,681 | 10.4 years |
| 12 kW | $2.57 | $21,568 | $31,257 | 10.2 years |
| 14 kW | $2.52 | $24,649 | $36,980 | 10.0 years |
| 16 kW | $2.46 | $27,583 | $42,850 | 9.8 years |
| 18 kW | $2.41 | $30,371 | $48,866 | 9.6 years |
| 20 kW | $2.36 | $33,012 | $55,030 | 9.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to look over 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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Bixby, OK Solar Cost FAQs
What is the average cost of installing solar panels in Bixby?
The average cost of solar panels in Bixby 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 use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
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 $880.42 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 get 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.