Solar Panel Cost Guide in Choctaw, OK (2023 Update)
- Choctaw Solar Installation Cost: $15,461
- 25-Year Savings: $23,952
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Choctaw
We go over average solar pricing in Choctaw.
Although the national average of solar panels is $2.66 per watt, solar panels in Choctaw generally cost around 2.62. Using this figure, a typical 8.4-kW system would cost about $15,461 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Choctaw homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar power is worth paying. On average Choctaw homeowners see about $18,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Choctaw
| Year | Return on Investment |
|---|---|
| 1 years | $-13,884 |
| 3 years | $-10,731 |
| 5 years | $-7,578 |
| 7 years | $-4,425 |
| 9 years | $-1,272 |
| 11 years | $1,881 |
| 13 years | $5,034 |
| 15 years | $8,187 |
| 17 years | $11,340 |
| 19 years | $14,493 |
| 21 years | $17,646 |
| 23 years | $20,799 |
| 25 years | $23,952 |
Top Solar Installers in Choctaw
Although it's possible to install solar panels yourself, it requires extra time and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Choctaw
Factors that Affect Solar Panel Costs in Choctaw
For many Choctaw homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Choctaw, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,620. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Choctaw, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fit into your budget.
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 | $16,594 | 10.2 years |
| 8 kW | $2.67 | $14,965 | $22,419 | 10.0 years |
| 10 kW | $2.62 | $18,340 | $28,390 | 9.8 years |
| 12 kW | $2.57 | $21,568 | $34,508 | 9.6 years |
| 14 kW | $2.52 | $24,649 | $40,773 | 9.4 years |
| 16 kW | $2.46 | $27,583 | $47,185 | 9.2 years |
| 18 kW | $2.41 | $30,371 | $53,743 | 9.0 years |
| 20 kW | $2.36 | $33,012 | $60,448 | 8.8 years |
How to Save on Solar Panels
There are a large number of companies available in Choctaw, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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 past customers.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Choctaw, OK Solar Cost FAQs
How much does it cost to install solar panels in Choctaw?
The average cost of solar panels in Choctaw 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Choctaw?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 savings from going solar.
Can you sell solar power back to the grid in Choctaw?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity 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?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.