Solar Panel Cost Guide in Durant, OK (Mar 2023)
- Durant Solar Installation Cost: $15,534
- 25-Year Savings: $23,257
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Durant
Here's how much it might cost to install solar panels in Durant.
In Durant, solar panels cost about 2.62 per watt on average. The average solar panel system size in Durant is around 8.5 kilowatts, meaning a cost of about $15,534 for a solar installation, or $22,214 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Durant depending on several factors, such as the model of solar panels you choose and the solar installer you hire. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Durant find investing in solar can be quite rewarding.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Durant
| Year | Return on Investment |
|---|---|
| 1 years | $-13,982 |
| 3 years | $-10,879 |
| 5 years | $-7,776 |
| 7 years | $-4,673 |
| 9 years | $-1,569 |
| 11 years | $1,534 |
| 13 years | $4,637 |
| 15 years | $7,740 |
| 17 years | $10,844 |
| 19 years | $13,947 |
| 21 years | $17,050 |
| 23 years | $20,153 |
| 25 years | $23,257 |
Top Solar Installers in Durant
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make swapping over to solar power much easier. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what brand of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our recommendations 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 comes down to 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 significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Durant, 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 usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Durant to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. 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 back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence your pricing. Durant's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $2.72 | $11,444 | $16,043 | 10.4 years |
| 8 kW | $2.67 | $14,965 | $21,684 | 10.2 years |
| 10 kW | $2.62 | $18,340 | $27,472 | 10.0 years |
| 12 kW | $2.57 | $21,568 | $33,407 | 9.8 years |
| 14 kW | $2.52 | $24,649 | $39,488 | 9.6 years |
| 16 kW | $2.46 | $27,583 | $45,716 | 9.4 years |
| 18 kW | $2.41 | $30,371 | $52,091 | 9.2 years |
| 20 kW | $2.36 | $33,012 | $58,612 | 9.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Durant, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model 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: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Durant, OK Solar Cost FAQs
How much does it cost to install solar panels in Durant?
The average cost of solar panels in Durant is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Durant?
A solar panel system isn't free in Durant, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Durant have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.