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.
In Durant, solar panels cost about 3 per watt on average.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.
These figures are only averages, and the cost of going solar for you will look different based on your energy needs and what company you want to go with.For most homeowners, the upfront cost of solar power is worth paying. On average Durant homeowners see about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Durant that can help you get a more accurate cost estimate for your home.
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
Trying to install solar panels on your own can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. Another good thing about going with a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
If you're on the hunt for a solar installer in Durant, the EcoWatch team has put together a list of our top suggestions here:
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 Durant
Factors that Affect Solar Panel Costs in Durant
For many Durant homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Durant, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Durant, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 offered by most installers in Durant, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make going solar more accessible for Durant homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Durant is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, there’s 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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re concerned about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a high 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 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 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 real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Durant?
Leasing solar panels can be an option if you can’t pay upfront or secure 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 savings from going solar.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $916.24 per year.
How long do solar panels last in Durant?
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 amount 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.