Solar Panel Cost Guide in Catoosa, OK (2023 Update)
- Catoosa Solar Installation Cost: $16,008
- 25-Year Savings: $22,690
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Catoosa
Here's how much it might cost to install solar panels in Catoosa.
In Catoosa, solar panels cost about 2.62 per watt on average. Using this figure, a typical 8.7-kW system would cost about $16,011 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what company you go with. Despite the large initial cost, the average Catoosa homeowner can save around $17,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Catoosa
| Year | Return on Investment |
|---|---|
| 1 years | $-14,770 |
| 3 years | $-12,295 |
| 5 years | $-9,820 |
| 7 years | $-7,345 |
| 9 years | $-4,870 |
| 11 years | $-2,395 |
| 13 years | $80 |
| 15 years | $2,555 |
| 17 years | $5,030 |
| 19 years | $7,505 |
| 21 years | $9,980 |
| 23 years | $12,455 |
| 25 years | $14,930 |
Top Solar Installers in Catoosa
Trying to install solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers in Catoosa:
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 Catoosa
Factors that Affect Solar Panel Costs in Catoosa
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Catoosa: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,620. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Catoosa, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Catoosa, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your 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 influence the cost. Catoosa's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $2.72 | $11,444 | $15,157 | 10.8 years |
| 8 kW | $2.67 | $14,965 | $20,503 | 10.5 years |
| 10 kW | $2.62 | $18,340 | $25,996 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,635 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,421 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,354 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,434 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $55,660 | 9.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
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 Catoosa, OK Solar Cost FAQs
What is the average cost of installing solar panels in Catoosa?
The average cost of solar panels in Catoosa is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual 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.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.