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 typically cost about 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 only averages, and how much solar costs for you may vary based on your specific situation and what company you choose to go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on electricity bills.
To get a free estimate from a vetted solar company in Claremore, you can 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
When going solar, many homeowners opt to hire a solar installer since putting up a solar system yourself can be a difficult project. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers in Claremore:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Claremore
Factors that Affect Solar Panel Costs in Claremore
Although the average cost of a solar system in Claremore is $19,115, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Claremore, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get 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
Many homeowners find the average cost of solar in Claremore to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact the cost. Claremore’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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
Since the model of solar panels and the company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 significant role in the company you go with.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Claremore, OK Solar Cost FAQs
How much does it cost to install solar panels in Claremore?
The average cost of solar panels in Claremore is about $15,650 for a 5-kW system and $31,300 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.
Are solar panels free in Claremore?
You can’t get solar panels for free in Claremore. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want 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 offer 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 utility 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?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.