Solar Panel Cost Guide in Catoosa, OK (Mar 2023)
- Catoosa Solar Installation Cost: $16,011
- 25-Year Savings: $22,687
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Catoosa
Let's take a look at the average cost of solar in Catoosa.
The average cost of solar panels in Catoosa is 2.62 per watt. Because a 8.7-kW system is needed to cover the energy consumption of a typical home in Catoosa, the average price of going solar will be about $16,011 after claiming the federal solar tax credit of 30%.
The true cost of your system can go above or below the average in Catoosa based on a few factors, such as the model of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Catoosa see about $17,000 in savings on energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Catoosa
| Year | Return on Investment |
|---|---|
| 1 years | $-14,463 |
| 3 years | $-11,367 |
| 5 years | $-8,271 |
| 7 years | $-5,175 |
| 9 years | $-2,080 |
| 11 years | $1,016 |
| 13 years | $4,112 |
| 15 years | $7,208 |
| 17 years | $10,304 |
| 19 years | $13,399 |
| 21 years | $16,495 |
| 23 years | $19,591 |
| 25 years | $22,687 |
Top Solar Installers in Catoosa
Trying to put up solar panels yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for you.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 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 is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,620 per kilowatt in Catoosa. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Catoosa average.
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. While solar loans make adopting solar energy more accessible for Catoosa homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Catoosa, and each can charge varying amounts for labor and equipment. Additionally, some companies in Catoosa are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $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
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
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 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 real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Catoosa?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property's 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 long do solar panels last in Catoosa?
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 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.