Solar Panel Cost Guide in Broken Bow, OK (2023 Update)
- Broken Bow Solar Installation Cost: $15,956
- 25-Year Savings: $26,229
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Broken Bow
Let's take a look at the average cost of solar in Broken Bow.
The national average cost of solar panels is $2.66 per watt, but in Broken Bow it's 2.62 per watt. To cover the typical energy needs of the average home in Broken Bow, most homeowners require a 8.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,956, or $22,817 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Broken Bow homeowner. 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. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Broken Bow for a quote for your home.
Solar savings over time in Broken Bow
| Year | Return on Investment |
|---|---|
| 1 years | $-14,268 |
| 3 years | $-10,894 |
| 5 years | $-7,519 |
| 7 years | $-4,144 |
| 9 years | $-769 |
| 11 years | $2,605 |
| 13 years | $5,980 |
| 15 years | $9,355 |
| 17 years | $12,730 |
| 19 years | $16,104 |
| 21 years | $19,479 |
| 23 years | $22,854 |
| 25 years | $26,229 |
Top Solar Installers in Broken Bow
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. In addition, if you'd like to maximize your investment in solar power, using a solar company can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can take care of your solar installation project. 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Broken Bow
Factors that Affect Solar Panel Costs in Broken Bow
There are a number of criteria that can influence your total 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
When it comes to estimating the cost of solar panels in Broken Bow, 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 gauge by looking at past power bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Broken Bow, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Broken Bow offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Broken Bow is the company you get to install your solar system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Broken Bow have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $17,661 | 9.8 years |
| 8 kW | $2.67 | $14,965 | $23,841 | 9.6 years |
| 10 kW | $2.62 | $18,340 | $30,168 | 9.5 years |
| 12 kW | $2.57 | $21,568 | $36,642 | 9.3 years |
| 14 kW | $2.52 | $24,649 | $43,263 | 9.1 years |
| 16 kW | $2.46 | $27,583 | $50,030 | 8.9 years |
| 18 kW | $2.41 | $30,371 | $56,944 | 8.7 years |
| 20 kW | $2.36 | $33,012 | $64,005 | 8.5 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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Broken Bow, OK Solar Cost FAQs
How much does it cost to install solar panels in Broken Bow?
The average cost of solar panels in Broken Bow 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Broken Bow?
You can't get solar panels for free in Broken Bow. However, you may still be able to install 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.
How much can I save on electricity bills after switching to solar?
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 $970.17 per year.
How long do solar panels last in Broken Bow?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.