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.
The national average cost of solar panels is $2.66 per watt, but in El Reno it’s 3 per watt.The average solar panel system size in El Reno is around 8.3 kilowatts, meaning a cost of about $18,289 for a solar installation, or $26,153 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more.With typical savings of about $18,000 on power bills over 20 years, many homeowners in El Reno find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar company in your area for a personalized quote.
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
Trying to install solar panels on your own can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 El Reno
Factors that Affect Solar Panel Costs in El Reno
Even though the average cost of a solar system in El Reno is $18,289, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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 $3,130.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like El Reno, 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
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many El Reno homeowners choose to finance their solar panel systems to make paying for solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much it costs. El Reno’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in El Reno know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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
The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project timeline.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 El Reno, OK Solar Cost FAQs
What is the average cost of installing solar panels in El Reno?
The average cost of solar panels in El Reno 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 certain factors such as the model 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 El Reno?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels significantly reduce my power bills?
It is possible to eradicate 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.
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 generally produce about 250 to 400 watt-hours per hour, the average home 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.