Solar Panel Cost Guide in Broken Bow, OK (2024 Update)
- Broken Bow Solar Installation Cost: $19,054
- 25-Year Savings: $26,236
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Broken Bow
Find out how much it might cost to make the switch to solar in Broken Bow.
In Broken Bow, solar panels cost about 3 per watt on average.Using this figure, a typical 8.7-kW system would cost about $19,054 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Broken Bow depending on several factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Broken Bow
| Year | Return on Investment |
|---|---|
| 1 years | $-17,816 |
| 3 years | $-15,341 |
| 5 years | $-12,866 |
| 7 years | $-10,391 |
| 9 years | $-7,916 |
| 11 years | $-5,441 |
| 13 years | $-2,966 |
| 15 years | $-491 |
| 17 years | $1,984 |
| 19 years | $4,459 |
| 21 years | $6,934 |
| 23 years | $9,409 |
| 25 years | $11,884 |
Top Solar Installers in Broken Bow
Although you can install solar panels yourself, it requires extra time and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Some solar companies, particularly local ones, can help you better understand incentives in Broken Bow, thereby optimizing your ROI.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bow
Factors that Affect Solar Panel Costs in Broken Bow
The cost of installing a solar system in Broken Bow can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Broken Bow, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $3,130 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Broken Bow, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Broken Bow homeowners opt to finance their solar panel systems to make going solar more affordable.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
Finally, the company you opt for to install your solar system can affect the cost. Broken Bow’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 | $3.26 | $13,672 | $15,433 | 11.7 years |
| 8 kW | $3.19 | $17,879 | $20,928 | 11.5 years |
| 10 kW | $3.13 | $21,910 | $26,598 | 11.3 years |
| 12 kW | $3.07 | $25,766 | $32,444 | 11.1 years |
| 14 kW | $3.00 | $29,447 | $38,465 | 10.8 years |
| 16 kW | $2.94 | $32,953 | $44,661 | 10.6 years |
| 18 kW | $2.88 | $36,283 | $51,032 | 10.4 years |
| 20 kW | $2.82 | $39,438 | $57,579 | 10.2 years |
How to Save on Solar Panels
There are many companies available in Broken Bow, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bow, OK Solar Cost FAQs
What is the average cost of installing solar panels in Broken Bow?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Broken Bow?
A solar panel system isn’t free in Broken Bow, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Broken Bow?
On average, solar panels can last 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 higher level 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.