Solar Panel Cost Guide in Frederick, OK (2024 Update)
- Frederick Solar Installation Cost: $17,562
- 25-Year Savings: $31,076
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Frederick
Let’s have a look at the average cost of solar panels in Frederick.
In Frederick, solar panels cost about 3 per watt on average.The average solar panel system size in Frederick is around 8.0 kilowatts, meaning a cost of about $17,562 for a solar installation, or $25,114 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual 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 company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Frederick homeowners see about $22,000 in savings on electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Frederick
| Year | Return on Investment |
|---|---|
| 1 years | $-16,292 |
| 3 years | $-13,752 |
| 5 years | $-11,211 |
| 7 years | $-8,671 |
| 9 years | $-6,131 |
| 11 years | $-3,591 |
| 13 years | $-1,050 |
| 15 years | $1,490 |
| 17 years | $4,030 |
| 19 years | $6,570 |
| 21 years | $9,111 |
| 23 years | $11,651 |
| 25 years | $14,191 |
Top Solar Installers in Frederick
Although you can install solar panels by yourself, it requires extra energy and knowledge. That's one of the reasons most people choose a solar panel installer. Another great thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
Working with a vetted solar company can make going solar easier. 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 Frederick
Factors that Affect Solar Panel Costs in Frederick
There are a number of criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Frederick, 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 electricity bills. Your overall cost can increase by around $3,130 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Frederick, where sunlight is abundant, efficiency can quickly pay off. Also, 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
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Frederick, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to include 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 back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Frederick is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different price points.Additionally, some companies in Frederick have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $20,594 | 10.0 years |
| 8 kW | $3.19 | $17,879 | $27,809 | 9.8 years |
| 10 kW | $3.13 | $21,910 | $35,200 | 9.6 years |
| 12 kW | $3.07 | $25,766 | $42,766 | 9.4 years |
| 14 kW | $3.00 | $29,447 | $50,507 | 9.2 years |
| 16 kW | $2.94 | $32,953 | $58,423 | 9.0 years |
| 18 kW | $2.88 | $36,283 | $66,515 | 8.8 years |
| 20 kW | $2.82 | $39,438 | $74,782 | 8.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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 Frederick, OK Solar Cost FAQs
How much does it cost to install solar panels in Frederick?
The average cost of solar panels in Frederick 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose 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.