Solar Panel Cost Guide in Durant, OK (2024 Update)
- Durant Solar Installation Cost: $18,552
- 25-Year Savings: $11,677
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Durant
We break down average solar pricing in Durant.
Although the national average of solar panels is $2.66 per watt, solar panels in Durant generally cost about 3.The average Durant homeowner needs a 8.5-kilowatt system, which would cost about $18,552 with the federal tax credit, or $26,529 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Durant can save about $17,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar installer in Durant for a personalized quote.
Solar savings over time in Durant
| Year | Return on Investment |
|---|---|
| 1 years | $-17,343 |
| 3 years | $-14,924 |
| 5 years | $-12,506 |
| 7 years | $-10,088 |
| 9 years | $-7,669 |
| 11 years | $-5,251 |
| 13 years | $-2,833 |
| 15 years | $-415 |
| 17 years | $2,004 |
| 19 years | $4,422 |
| 21 years | $6,840 |
| 23 years | $9,259 |
| 25 years | $11,677 |
Top Solar Installers in Durant
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be challenging. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers nearby:
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 Durant
Factors that Affect Solar Panel Costs in Durant
Though the average cost of a solar system in Durant is $18,552, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,130 per kilowatt in Durant.The brand of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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 into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Durant provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Durant is the company you get to install your PV system. As with choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that provide a range of services at different costs.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $13,815 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $18,771 | 12.2 years |
| 10 kW | $3.13 | $21,910 | $23,902 | 12.0 years |
| 12 kW | $3.07 | $25,766 | $29,208 | 11.7 years |
| 14 kW | $3.00 | $29,447 | $34,690 | 11.5 years |
| 16 kW | $2.94 | $32,953 | $40,347 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,179 | 11.0 years |
| 20 kW | $2.82 | $39,438 | $52,186 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the durability of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Durant, OK Solar Cost FAQs
What is the average cost of installing solar panels in Durant?
The average cost of solar panels in Durant is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Durant?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 bang for your buck from going solar.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Durant, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Durant?
On average, the lifespan of solar panels is 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.