Solar Panel Cost Guide in Frederick, OK (2023 Update)
- Frederick Solar Installation Cost: $14,709
- 25-Year Savings: $31,068
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Frederick
We break down average solar pricing in Frederick.
The average cost of a solar panel system in Frederick is 2.62 per watt. Because a 8.0-kW system is needed to cover the energy needs of a typical home in Frederick, the average price of going solar will be about $14,709 after claiming the federal solar tax credit of 30%.
How much you pay can be above or below the average in Frederick based on several factors, such as the model of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $22,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar installer in your area for a personalized estimate.
Solar savings over time in Frederick
| Year | Return on Investment |
|---|---|
| 1 years | $-12,878 |
| 3 years | $-9,215 |
| 5 years | $-5,553 |
| 7 years | $-1,891 |
| 9 years | $1,771 |
| 11 years | $5,433 |
| 13 years | $9,095 |
| 15 years | $12,757 |
| 17 years | $16,420 |
| 19 years | $20,082 |
| 21 years | $23,744 |
| 23 years | $27,406 |
| 25 years | $31,068 |
Top Solar Installers in Frederick
Trying to install solar panels on your own can be a dangerous project, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
Although the average cost of a solar system in Frederick is $14,709, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Frederick, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
Most solar installers in Frederick have solar loans, which reduce your upfront costs of installing a solar system. Although solar loans make switching to solar energy more accessible for Frederick homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Frederick, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $22,822 | 8.3 years |
| 8 kW | $2.67 | $14,965 | $30,723 | 8.2 years |
| 10 kW | $2.62 | $18,340 | $38,770 | 8.0 years |
| 12 kW | $2.57 | $21,568 | $46,964 | 7.9 years |
| 14 kW | $2.52 | $24,649 | $55,305 | 7.7 years |
| 16 kW | $2.46 | $27,583 | $63,793 | 7.5 years |
| 18 kW | $2.41 | $30,371 | $72,427 | 7.4 years |
| 20 kW | $2.36 | $33,012 | $81,208 | 7.2 years |
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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Frederick?
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 home 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 financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Frederick?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.