Solar Panel Cost Guide in Broken Arrow, OK (2023 Update)
- Broken Arrow Solar Installation Cost: $15,971
- 25-Year Savings: $21,879
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Broken Arrow
Find out what the average cost of solar panel installation is in Broken Arrow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Broken Arrow, the typical cost of a solar system is 2.62 per watt. Because a 8.7-kW system is needed to cover the energy consumption of a typical home in Broken Arrow, the average price of going solar will be about $15,974 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Broken Arrow homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Broken Arrow
| Year | Return on Investment |
|---|---|
| 1 years | $-15,845 |
| 3 years | $-15,593 |
| 5 years | $-15,340 |
| 7 years | $-15,088 |
| 9 years | $-14,836 |
| 11 years | $-14,583 |
| 13 years | $-14,331 |
| 15 years | $-14,079 |
| 17 years | $-13,826 |
| 19 years | $-13,574 |
| 21 years | $-13,322 |
| 23 years | $-13,069 |
| 25 years | $-12,817 |
Top Solar Installers in Broken Arrow
Many homeowners choose to use a solar installation company since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Another perk of utilizing a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are various licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Broken Arrow
Factors that Affect Solar Panel Costs in Broken Arrow
Although the average cost of a solar system in Broken Arrow is $15,974, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Broken Arrow, 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 determine by looking at past electricity bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Broken Arrow to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to 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 off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a role in determining the cost. Broken Arrow's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $14,634 | 11.0 years |
| 8 kW | $2.67 | $14,965 | $19,805 | 10.8 years |
| 10 kW | $2.62 | $18,340 | $25,123 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $30,588 | 10.3 years |
| 14 kW | $2.52 | $24,649 | $36,200 | 10.1 years |
| 16 kW | $2.46 | $27,583 | $41,958 | 9.9 years |
| 18 kW | $2.41 | $30,371 | $47,863 | 9.7 years |
| 20 kW | $2.36 | $33,012 | $53,914 | 9.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Broken Arrow, OK Solar Cost FAQs
What is the average cost of installing solar panels in Broken Arrow?
The average cost of solar panels in Broken Arrow 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 things 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 apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Broken Arrow have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for 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 usually 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.