Solar Panel Cost Guide in Choctaw, OK (2025 Update)
- Choctaw Solar Installation Cost: $18,479
- 25-Year Savings: $23,945
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Choctaw
Let’s have a look at the average cost of solar panels in Choctaw.
While the national average of solar panels is $2.66 per watt, solar panels in Choctaw generally cost about 3.The average Choctaw homeowner needs a 8.4-kilowatt system, which would cost about $18,479 with the federal tax credit, or $26,425 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Choctaw see about $18,000 in savings on utility bills over 20 years.
To receive a free estimate from a vetted solar installer in Choctaw, you can click the button below.
Solar savings over time in Choctaw
Year | Return on Investment |
---|---|
1 years | $-17,270 |
3 years | $-14,852 |
5 years | $-12,434 |
7 years | $-10,015 |
9 years | $-7,597 |
11 years | $-5,179 |
13 years | $-2,760 |
15 years | $-342 |
17 years | $2,076 |
19 years | $4,495 |
21 years | $6,913 |
23 years | $9,331 |
25 years | $11,749 |
Top Solar Installers in Choctaw
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be a lot of work. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Choctaw
Factors that Affect Solar Panel Costs in Choctaw
Even though the average cost of a solar system in Choctaw is $18,479, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,130. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Choctaw to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Choctaw, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Choctaw know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.26 | $13,672 | $14,366 | 12.2 years |
8 kW | $3.19 | $17,879 | $19,505 | 12.0 years |
10 kW | $3.13 | $21,910 | $24,820 | 11.7 years |
12 kW | $3.07 | $25,766 | $30,310 | 11.5 years |
14 kW | $3.00 | $29,447 | $35,975 | 11.3 years |
16 kW | $2.94 | $32,953 | $41,815 | 11.0 years |
18 kW | $2.88 | $36,283 | $47,831 | 10.8 years |
20 kW | $2.82 | $39,438 | $54,022 | 10.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: If you care about the endurance of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
EcoWatch's Choctaw, OK Solar Cost FAQs
How much does it cost to install solar panels in Choctaw?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Choctaw?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels 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 usually 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.