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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Updated February 03, 2024
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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.Since a 8.2-kW system is needed to cover the energy costs of a typical home in Duncan, the average price of going solar will be about $18,074 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you want, your solar contractor and more.For many homeowners, the upfront investment in solar panels is worth paying. On average Duncan homeowners see about $18,000 in savings on energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
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
Although you can install solar panels on your own, it takes extra energy and expertise. Because of that, most people choose a solar panel installer. Another upside of using a solar company is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers in Duncan:
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 Duncan
Factors that Affect Solar Panel Costs in Duncan
For many Duncan homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Duncan, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,130. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Duncan average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Duncan, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact how much it costs. Duncan’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you want and also fits within 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 | $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
The solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Duncan, OK Solar Cost FAQs
What is the average cost of installing solar panels in Duncan?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Duncan?
You can’t get solar panels for free in Duncan. 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 want to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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.