Solar Panel Cost Guide in Claremore, OK (2024 Update)
- Claremore Solar Installation Cost: $19,115
- 25-Year Savings: $17,029
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Claremore
Let’s have a look at the average cost of solar in Claremore.
While the national average of solar panels is $2.66 per watt, solar panels in Claremore generally cost around 3.Using this figure, a typical 8.7-kW system would cost about $19,115 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on your specific situation and what company you choose to go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Claremore see about $18,000 in savings on utility 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 Claremore
| Year | Return on Investment |
|---|---|
| 1 years | $-17,669 |
| 3 years | $-14,778 |
| 5 years | $-11,886 |
| 7 years | $-8,994 |
| 9 years | $-6,103 |
| 11 years | $-3,211 |
| 13 years | $-320 |
| 15 years | $2,572 |
| 17 years | $5,463 |
| 19 years | $8,355 |
| 21 years | $11,246 |
| 23 years | $14,138 |
| 25 years | $17,029 |
Top Solar Installers in Claremore
Although it's possible to install solar panels yourself, it takes extra effort and handiness. For that reason, most homeowners choose a solar panel installer. Plus, if you’re unsure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you're looking for a solar company in Claremore, we've compiled a list of our top suggestions here:
See all of the solar companies in Claremore
Factors that Affect Solar Panel Costs in Claremore
The cost of installing a solar system in Claremore can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, 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 adopting solar energy 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 about $3,130 per kilowatt in Claremore.The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Claremore to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Claremore, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $14,539 | 12.1 years |
| 8 kW | $3.19 | $17,879 | $19,736 | 11.9 years |
| 10 kW | $3.13 | $21,910 | $25,109 | 11.6 years |
| 12 kW | $3.07 | $25,766 | $30,656 | 11.4 years |
| 14 kW | $3.00 | $29,447 | $36,379 | 11.2 years |
| 16 kW | $2.94 | $32,953 | $42,277 | 11.0 years |
| 18 kW | $2.88 | $36,283 | $48,351 | 10.7 years |
| 20 kW | $2.82 | $39,438 | $54,600 | 10.5 years |
How to Save on Solar Panels
There are many companies to choose from in Claremore, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: If you’re worried about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
EcoWatch's Claremore, OK Solar Cost FAQs
How much does it cost to install solar panels in Claremore?
This is a difficult question to answer exactly, because the cost depends on many 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 be more expensive 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 less expensive solar panels.
Are solar panels free in Claremore?
You can’t get solar panels for free in Claremore. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Claremore?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces 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.
How often do you have to replace solar panels?
On average, solar panels can last 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 higher 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.