Solar Panel Cost Guide in Enid, OK (Jan 2023)
- Enid Solar Installation Cost: $15,461
- 25-Year Savings: $23,905
- Payback Period: 9.8 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Enid
See how much it might cost to make the switch to solar in Enid.
The average cost of solar panels in Enid is $3 per watt. The average solar panel system size in Enid is around 8.4 kilowatts, meaning a cost of about $15,461 for a solar installation, or $11,441 after the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Enid can save around $18,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Enid
| Year | Return on Investment |
|---|---|
| 1 years | $-13,886 |
| 3 years | $-10,737 |
| 5 years | $-7,588 |
| 7 years | $-4,438 |
| 9 years | $-1,289 |
| 11 years | $1,860 |
| 13 years | $5,009 |
| 15 years | $8,159 |
| 17 years | $11,308 |
| 19 years | $14,457 |
| 21 years | $17,606 |
| 23 years | $20,756 |
| 25 years | $23,905 |
Top Solar Installers in Enid
When making the switch to solar, many homeowners decide to use a solar company since DIY solar panel installation can be a challenging project. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
If you're looking for a solar company in Enid, the EcoWatch team has organized a list of our top suggestions here:
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 Enid
Factors that Affect Solar Panel Costs in Enid
There are several criteria that can affect 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,620 per kilowatt in Enid. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Enid average.
Solar Financing Terms
Many homeowners find the average cost of solar in Enid to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $16,568 | 10.2 years |
| 8 kW | $2.67 | $14,965 | $22,385 | 10.0 years |
| 10 kW | $2.62 | $18,340 | $28,348 | 9.8 years |
| 12 kW | $2.57 | $21,568 | $34,457 | 9.6 years |
| 14 kW | $2.52 | $24,649 | $40,714 | 9.4 years |
| 16 kW | $2.46 | $27,583 | $47,117 | 9.2 years |
| 18 kW | $2.41 | $30,371 | $53,667 | 9.0 years |
| 20 kW | $2.36 | $33,012 | $60,363 | 8.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been in business for many years 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 service, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it's crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
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 Enid, OK Solar Cost FAQs
How much does it cost to install solar panels in Enid?
The average cost of solar panels in Enid 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 things such as the kind 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 Enid?
Leasing solar panels can be an option if you are unable 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 bang for your buck from going solar.
Can you sell solar power back to the grid in Enid?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.