Solar Panel Cost Guide in Enid, OK (Sep 2022)
- Enid Solar Installation Cost: $15,461
- 25-Year Savings: $23,905
- Payback Period: 9.8 Years
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Updated 9/16/2022
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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. To account for the typical energy needs of the average home in Enid, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs about $15,461, or $11,441 after the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more. Despite the significant upfront cost, the average Enid homeowner can save around $18,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, 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 switching to solar energy, many homeowners decide to use a solar installer since DIY solar panel installation can be a difficult project. Companies can also have access to a large variety of the best solar panels and help you pick which one will be best for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Enid:
Best Technology
The Green Panel
- 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
Although the average cost of solar panels in Enid is $15,461, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment Size
The size of the system you need is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
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. However, the interest on solar loans also increases your overall costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Enid, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 |
Solar Incentives in Enid
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Your solar installer should have a good 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best Technology
The Green Panel
- 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
What is the average cost of installing 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 stuff like the type 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 attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 get the most savings.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $933.75 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.
