Solar Panel Cost Guide in Blanchard, OK (2024 Update)
- Blanchard Solar Installation Cost: $18,289
- 25-Year Savings: $23,549
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Blanchard
Let’s have a look at the average cost of solar in Blanchard.
Although the national average of solar panels is $2.66 per watt, solar panels in Blanchard generally cost around 3.Because a 8.3-kW system is needed to cover the energy costs of a typical home in Blanchard, the average price of going solar will be about $18,289 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Blanchard homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Blanchard can save about $18,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar company in Blanchard that can help you get a more accurate cost estimate for your home.
Solar savings over time in Blanchard
| Year | Return on Investment |
|---|---|
| 1 years | $-17,070 |
| 3 years | $-14,633 |
| 5 years | $-12,196 |
| 7 years | $-9,758 |
| 9 years | $-7,321 |
| 11 years | $-4,884 |
| 13 years | $-2,447 |
| 15 years | $-10 |
| 17 years | $2,427 |
| 19 years | $4,865 |
| 21 years | $7,302 |
| 23 years | $9,739 |
| 25 years | $12,176 |
Top Solar Installers in Blanchard
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be hard. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can get a free estimate from a local solar installer on the cost of solar panels 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 Blanchard
Factors that Affect Solar Panel Costs in Blanchard
The cost of installing a solar system in Blanchard can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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 for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Blanchard homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Blanchard, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $14,259 | 12.2 years |
| 8 kW | $3.19 | $17,879 | $19,362 | 12.0 years |
| 10 kW | $3.13 | $21,910 | $24,641 | 11.8 years |
| 12 kW | $3.07 | $25,766 | $30,095 | 11.5 years |
| 14 kW | $3.00 | $29,447 | $35,724 | 11.3 years |
| 16 kW | $2.94 | $32,953 | $41,529 | 11.1 years |
| 18 kW | $2.88 | $36,283 | $47,509 | 10.8 years |
| 20 kW | $2.82 | $39,438 | $53,664 | 10.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should go with, since different companies offer different panels.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Blanchard, OK Solar Cost FAQs
How much does it cost to install solar panels in Blanchard?
The average cost of solar panels in Blanchard is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a crucial 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 consider are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Blanchard, that will require at least a 10-kW system. Not all homes 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 install between 20 and 35 panels to account for 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.