Solar Panel Cost Guide in Heavener, OK (2023 Update)
- Heavener Solar Installation Cost: $16,103
- 25-Year Savings: $21,778
- Payback Period: 10.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Heavener
Let's take a look at the average cost of solar panels in Heavener.
The national average cost of solar panels is $2.66 per watt, but in Heavener it's 2.62 per watt. To cover the typical energy needs of the average home in Heavener, most homeowners require a 8.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,103, or $23,027 before the federal solar tax credit of 30% is applied.
These figures are only averages, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you want to go with. Despite the large upfront cost, the average Heavener homeowner can save about $16,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a vetted solar installer in Heavener, you can click the button below.
Solar savings over time in Heavener
| Year | Return on Investment |
|---|---|
| 1 years | $-14,587 |
| 3 years | $-11,557 |
| 5 years | $-8,526 |
| 7 years | $-5,496 |
| 9 years | $-2,466 |
| 11 years | $565 |
| 13 years | $3,595 |
| 15 years | $6,626 |
| 17 years | $9,656 |
| 19 years | $12,686 |
| 21 years | $15,717 |
| 23 years | $18,747 |
| 25 years | $21,778 |
Top Solar Installers in Heavener
Although it's possible to install solar panels yourself, it requires extra effort and know-how. Because of that, the majority of homeowners choose a solar panel installer. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Heavener, the EcoWatch team has organized a list of our top suggestions here:
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 Heavener
Factors that Affect Solar Panel Costs in Heavener
For many Heavener homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Heavener, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,620. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Heavener to be prohibitively costly, even if the investment pays off over time. Thankfully, 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. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact how much it costs. Heavener's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Heavener are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $2.72 | $11,444 | $14,449 | 11.0 years |
| 8 kW | $2.67 | $14,965 | $19,558 | 10.8 years |
| 10 kW | $2.62 | $18,340 | $24,815 | 10.6 years |
| 12 kW | $2.57 | $21,568 | $30,218 | 10.4 years |
| 14 kW | $2.52 | $24,649 | $35,768 | 10.2 years |
| 16 kW | $2.46 | $27,583 | $41,464 | 10.0 years |
| 18 kW | $2.41 | $30,371 | $47,307 | 9.8 years |
| 20 kW | $2.36 | $33,012 | $53,297 | 9.6 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 selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- 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 large role in the company you hire.
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 Heavener, OK Solar Cost FAQs
What is the average cost of installing solar panels in Heavener?
The average cost of solar panels in Heavener 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places 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.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Heavener, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Heavener?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had 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.