Solar Panel Cost Guide in Fort Gibson, OK (Mar 2023)
- Fort Gibson Solar Installation Cost: $16,066
- 25-Year Savings: $23,281
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fort Gibson
Here's how much it might cost to install solar panels in Fort Gibson.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fort Gibson, the typical cost of a solar system is 2.62 per watt. To cover the typical energy needs of the average home in Fort Gibson, most homeowners require a 8.8-kilowatt system. Using the figure above, a solar installation costs about $16,066, or $22,974 before the federal solar tax credit of 30% is applied.
Keep in mind 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 want, your solar contractor and more. With average savings of about $17,000 on electricity bills over 20 years, many homeowners in Fort Gibson find going solar has a decent ROI.
Click the button below to get connected to a top solar panel company in your area for a personalized quote.
Solar savings over time in Fort Gibson
| Year | Return on Investment |
|---|---|
| 1 years | $-14,492 |
| 3 years | $-11,344 |
| 5 years | $-8,197 |
| 7 years | $-5,049 |
| 9 years | $-1,901 |
| 11 years | $1,247 |
| 13 years | $4,394 |
| 15 years | $7,542 |
| 17 years | $10,690 |
| 19 years | $13,837 |
| 21 years | $16,985 |
| 23 years | $20,133 |
| 25 years | $23,281 |
Top Solar Installers in Fort Gibson
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Another perk of using a solar company is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Fort Gibson
Factors that Affect Solar Panel Costs in Fort Gibson
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Fort Gibson: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,620. The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Fort Gibson, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $15,498 | 10.6 years |
| 8 kW | $2.67 | $14,965 | $20,957 | 10.4 years |
| 10 kW | $2.62 | $18,340 | $26,563 | 10.2 years |
| 12 kW | $2.57 | $21,568 | $32,316 | 10.0 years |
| 14 kW | $2.52 | $24,649 | $38,215 | 9.8 years |
| 16 kW | $2.46 | $27,583 | $44,261 | 9.6 years |
| 18 kW | $2.41 | $30,371 | $50,454 | 9.4 years |
| 20 kW | $2.36 | $33,012 | $56,794 | 9.2 years |
How to Save on Solar Panels
There are many 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:
- Warranty: If you're worried about the endurance of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which installer you should choose, since different companies provide different panels.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Fort Gibson, OK Solar Cost FAQs
What is the average cost of installing solar panels in Fort Gibson?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Fort Gibson, that will require at least a 10-kW system. Not all homes will have roofs that 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 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 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.