Solar Panel Cost Guide in Enid, OK (2024 Update)
- Enid Solar Installation Cost: $18,474
- 25-Year Savings: $23,902
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Enid
Find out what the average cost of solar panels are in Enid.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Enid, the typical cost of solar panels is 3 per watt.The average Enid homeowner needs a 8.4-kilowatt system, which would cost about $18,474 with the federal tax credit, or $26,418 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Enid find installing solar panels has a decent ROI.
You can click the button below to get connected with a top solar installer in Enid for a quote for your home.
Solar savings over time in Enid
| Year | Return on Investment |
|---|---|
| 1 years | $-17,265 |
| 3 years | $-14,846 |
| 5 years | $-12,428 |
| 7 years | $-10,010 |
| 9 years | $-7,591 |
| 11 years | $-5,173 |
| 13 years | $-2,755 |
| 15 years | $-336 |
| 17 years | $2,082 |
| 19 years | $4,500 |
| 21 years | $6,918 |
| 23 years | $9,337 |
| 25 years | $11,755 |
Top Solar Installers in Enid
Many homeowners opt for a solar panel installer since trying to put up solar panels on your own can be time-consuming. Plus, if you’re unsure what type of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Enid
Factors that Affect Solar Panel Costs in Enid
For many Enid homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Enid, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Enid, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much 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 prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Enid, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $14,341 | 12.2 years |
| 8 kW | $3.19 | $17,879 | $19,471 | 12.0 years |
| 10 kW | $3.13 | $21,910 | $24,778 | 11.7 years |
| 12 kW | $3.07 | $25,766 | $30,259 | 11.5 years |
| 14 kW | $3.00 | $29,447 | $35,916 | 11.3 years |
| 16 kW | $2.94 | $32,953 | $41,747 | 11.0 years |
| 18 kW | $2.88 | $36,283 | $47,755 | 10.8 years |
| 20 kW | $2.82 | $39,438 | $53,937 | 10.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Enid, OK Solar Cost FAQs
What is the average cost of installing solar panels in Enid?
This is a tough 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 higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Enid?
A solar panel system isn’t free in Enid, 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 further reduce the cost.
Can you sell solar power back to the grid in Enid?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Enid?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.