Solar Panel Cost Guide in Edmond, OK (2023 Update)
- Edmond Solar Installation Cost: $15,461
- 25-Year Savings: $22,793
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Edmond
Here's how much it might cost to make the switch to solar in Edmond.
The average cost of a solar panel system in Edmond is 2.62 per watt. The average Edmond homeowner needs a 8.4-kilowatt system, which would cost about $15,461 with the federal tax credit, or $22,109 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Edmond homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Edmond find investing in solar has a decent ROI.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Edmond
| Year | Return on Investment |
|---|---|
| 1 years | $-13,930 |
| 3 years | $-10,870 |
| 5 years | $-7,810 |
| 7 years | $-4,749 |
| 9 years | $-1,689 |
| 11 years | $1,371 |
| 13 years | $4,431 |
| 15 years | $7,492 |
| 17 years | $10,552 |
| 19 years | $13,612 |
| 21 years | $16,673 |
| 23 years | $19,733 |
| 25 years | $22,793 |
Top Solar Installers in Edmond
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make switching to solar power much easier. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your home.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Edmond
Factors that Affect Solar Panel Costs in Edmond
The cost of installing a solar system in Edmond can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,620. The brand of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Edmond provide solar loans, which reduce the initial cost of installing a solar system. Though solar loans make switching to solar energy more accessible for Edmond homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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
The solar installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,769 | 10.5 years |
| 8 kW | $2.67 | $14,965 | $21,319 | 10.3 years |
| 10 kW | $2.62 | $18,340 | $27,016 | 10.1 years |
| 12 kW | $2.57 | $21,568 | $32,859 | 9.9 years |
| 14 kW | $2.52 | $24,649 | $38,849 | 9.7 years |
| 16 kW | $2.46 | $27,583 | $44,986 | 9.5 years |
| 18 kW | $2.41 | $30,371 | $51,269 | 9.3 years |
| 20 kW | $2.36 | $33,012 | $57,699 | 9.1 years |
How to Save on Solar Panels
There are many companies to choose from in Edmond, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean 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 check your installer's reputation is by reading reviews.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Edmond, OK Solar Cost FAQs
What is the average cost of installing solar panels in Edmond?
The average cost of solar panels in Edmond is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Edmond?
A solar panel system isn't free in Edmond, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Edmond?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.