Solar Panel Cost Guide in Duncan, OK (2024 Update)
- Duncan Solar Installation Cost: $18,074
- 25-Year Savings: $24,162
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Duncan
Find out how much it might cost to make the switch to solar in Duncan.
The average cost of a solar system in Duncan is 3 per watt.To cover the typical energy needs of the average home in Duncan, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs about $18,074, or $25,846 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Duncan depending on several factors, such as the brand of solar panels you choose and the solar company you hire.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Duncan find investing in solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Duncan that can help you get a more accurate cost estimate for your home.
Solar savings over time in Duncan
| Year | Return on Investment |
|---|---|
| 1 years | $-16,759 |
| 3 years | $-14,129 |
| 5 years | $-11,499 |
| 7 years | $-8,869 |
| 9 years | $-6,239 |
| 11 years | $-3,609 |
| 13 years | $-979 |
| 15 years | $1,651 |
| 17 years | $4,280 |
| 19 years | $6,910 |
| 21 years | $9,540 |
| 23 years | $12,170 |
| 25 years | $14,800 |
Top Solar Installers in Duncan
Putting up solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
Working with a professional 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
See all of the solar companies in Duncan
Factors that Affect Solar Panel Costs in Duncan
There are several criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Duncan, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,130 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Duncan, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Duncan, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can play a part in determining the cost. Duncan’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,906 | 12.0 years |
| 8 kW | $3.19 | $17,879 | $20,225 | 11.7 years |
| 10 kW | $3.13 | $21,910 | $25,720 | 11.5 years |
| 12 kW | $3.07 | $25,766 | $31,390 | 11.3 years |
| 14 kW | $3.00 | $29,447 | $37,235 | 11.0 years |
| 16 kW | $2.94 | $32,953 | $43,255 | 10.8 years |
| 18 kW | $2.88 | $36,283 | $49,451 | 10.6 years |
| 20 kW | $2.82 | $39,438 | $55,821 | 10.4 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: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Not all solar installers carry 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.
- Warranty: If you care about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Duncan, OK Solar Cost FAQs
What is the average cost of installing solar panels in Duncan?
The average cost of solar panels in Duncan 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Duncan?
A solar panel system isn’t free in Duncan, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power 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.