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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Broken Bow

Find out how much it might cost to make the switch to solar in Broken Bow.

The national average cost of solar panels is $2.66 per watt, but in Broken Bow it’s 3 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 figure above, a solar installation costs about $19,054, or $27,247 before the federal solar tax credit of 0 is applied.

The true cost of your system can be above or below the average in Broken Bow based on several factors, such as the type of solar panels you choose and the solar contractor you hire.With average savings of about $18,000 on power bills over 20 years, many homeowners in Broken Bow find installing solar panels has a decent ROI.

You can click the button below to get connected with a pre-vetted solar company in Broken Bow for a quote for your home.

Solar savings over time in Broken Bow

YearReturn 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.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best Technology

Tesla Energy

★★★★★
3.2
  • 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

There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,130.The model of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. 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 searching for a solar system that’s in your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Broken Bow homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.26$13,672$15,43311.7 years
8 kW$3.19$17,879$20,92811.5 years
10 kW$3.13$21,910$26,59811.3 years
12 kW$3.07$25,766$32,44411.1 years
14 kW$3.00$29,447$38,46510.8 years
16 kW$2.94$32,953$44,66110.6 years
18 kW$2.88$36,283$51,03210.4 years
20 kW$2.82$39,438$57,57910.2 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: The kind of solar panel you’d like to install plays a part in which company you should opt for, since different companies offer different panels.
  • 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 Technology

Tesla Energy

★★★★★
3.2
  • 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?

The average cost of solar panels in Broken Bow 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 type of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Broken Bow?

You can’t get solar panels for free in Broken Bow. However, you may still be able to afford 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.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.

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 decreases 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.