Solar Panel Cost Guide in Catoosa, OK (2024 Update)
- Catoosa Solar Installation Cost: $19,124
- 25-Year Savings: $22,690
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Catoosa
See how much it might cost to install solar panels in Catoosa.
The national average cost of solar panels is $2.66 per watt, but in Catoosa it’s 3 per watt.Since a 8.7-kW system is needed to cover the energy costs of a typical home in Catoosa, the average price of going solar will be about $19,124 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact 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 installation company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Catoosa can save around $17,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Catoosa
| Year | Return on Investment |
|---|---|
| 1 years | $-17,886 |
| 3 years | $-15,411 |
| 5 years | $-12,936 |
| 7 years | $-10,461 |
| 9 years | $-7,986 |
| 11 years | $-5,511 |
| 13 years | $-3,036 |
| 15 years | $-561 |
| 17 years | $1,914 |
| 19 years | $4,389 |
| 21 years | $6,864 |
| 23 years | $9,339 |
| 25 years | $11,814 |
Top Solar Installers in Catoosa
Trying to put up solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Catoosa
Factors that Affect Solar Panel Costs in Catoosa
The cost of installing a solar system in Catoosa can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems 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 that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,130.There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Catoosa homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your total costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Catoosa, you’ll have lots of options to choose from, but each comes at various price points for labor and 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 access to specific equipment options like Tesla Powerwall batteries or extra 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 | $3.26 | $13,672 | $12,930 | 12.8 years |
| 8 kW | $3.19 | $17,879 | $17,590 | 12.6 years |
| 10 kW | $3.13 | $21,910 | $22,426 | 12.4 years |
| 12 kW | $3.07 | $25,766 | $27,437 | 12.1 years |
| 14 kW | $3.00 | $29,447 | $32,623 | 11.9 years |
| 16 kW | $2.94 | $32,953 | $37,985 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,522 | 11.4 years |
| 20 kW | $2.82 | $39,438 | $49,234 | 11.1 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
EcoWatch's Catoosa, OK Solar Cost FAQs
What is the average cost of installing solar panels in Catoosa?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Catoosa?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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.