Solar Panel Cost Guide in El Reno, OK (2024 Update)
- El Reno Solar Installation Cost: $18,289
- 25-Year Savings: $13,509
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in El Reno
Let’s take a look at the average cost of solar in El Reno.
In El Reno, solar panels cost about 3 per watt on average.Using this figure, a typical 8.3-kW system would cost about $18,289 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average El Reno homeowner. 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.For most homeowners, the upfront cost of solar panels is worth paying. On average El Reno homeowners see about $18,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in El Reno
| Year | Return on Investment |
|---|---|
| 1 years | $-17,017 |
| 3 years | $-14,473 |
| 5 years | $-11,929 |
| 7 years | $-9,385 |
| 9 years | $-6,841 |
| 11 years | $-4,298 |
| 13 years | $-1,754 |
| 15 years | $790 |
| 17 years | $3,334 |
| 19 years | $5,878 |
| 21 years | $8,422 |
| 23 years | $10,966 |
| 25 years | $13,509 |
Top Solar Installers in El Reno
Although you can install solar panels by yourself, it involves extra labor and handiness. Because of that, most people choose a solar panel installer. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in El Reno
Factors that Affect Solar Panel Costs in El Reno
There are many criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar system in El Reno, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.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. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the El Reno average.
Solar Financing Terms
Most solar companies in El Reno offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of loans, 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in El Reno, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $15,002 | 11.9 years |
| 8 kW | $3.19 | $17,879 | $20,353 | 11.7 years |
| 10 kW | $3.13 | $21,910 | $25,879 | 11.5 years |
| 12 kW | $3.07 | $25,766 | $31,581 | 11.2 years |
| 14 kW | $3.00 | $29,447 | $37,458 | 11.0 years |
| 16 kW | $2.94 | $32,953 | $43,510 | 10.8 years |
| 18 kW | $2.88 | $36,283 | $49,738 | 10.5 years |
| 20 kW | $2.82 | $39,438 | $56,140 | 10.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in El Reno, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- 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 timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
EcoWatch's El Reno, OK Solar Cost FAQs
How much does it cost to install solar panels in El Reno?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in El Reno?
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 don’t have access to 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 energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in El Reno, 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.
What solar power system size is right for 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.