Solar Panel Cost Guide in Holdenville, OK (2024 Update)
- Holdenville Solar Installation Cost: $18,851
- 25-Year Savings: $22,686
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Holdenville
We break down average solar pricing in Holdenville.
The national average cost of solar panels is $2.66 per watt, but in Holdenville it’s 3 per watt.The average Holdenville homeowner needs a 8.6-kilowatt system, which would cost about $18,851 with the federal tax credit, or $26,957 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $17,000 over 20 years on utility bills.
To receive a free estimate from a vetted solar installation company in Holdenville, you can click the button below.
Solar savings over time in Holdenville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,642 |
| 3 years | $-15,224 |
| 5 years | $-12,805 |
| 7 years | $-10,387 |
| 9 years | $-7,969 |
| 11 years | $-5,551 |
| 13 years | $-3,132 |
| 15 years | $-714 |
| 17 years | $1,704 |
| 19 years | $4,123 |
| 21 years | $6,541 |
| 23 years | $8,959 |
| 25 years | $11,377 |
Top Solar Installers in Holdenville
Putting up solar panels yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your upfront investment.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Holdenville
Factors that Affect Solar Panel Costs in Holdenville
The cost of installing a solar system in Holdenville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,130.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Holdenville, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fits within your budget.
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 | $13,152 | 12.7 years |
| 8 kW | $3.19 | $17,879 | $17,887 | 12.5 years |
| 10 kW | $3.13 | $21,910 | $22,797 | 12.3 years |
| 12 kW | $3.07 | $25,766 | $27,882 | 12.0 years |
| 14 kW | $3.00 | $29,447 | $33,143 | 11.8 years |
| 16 kW | $2.94 | $32,953 | $38,578 | 11.5 years |
| 18 kW | $2.88 | $36,283 | $44,190 | 11.3 years |
| 20 kW | $2.82 | $39,438 | $49,976 | 11.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Holdenville, OK Solar Cost FAQs
How much does it cost to install solar panels in Holdenville?
The average cost of solar panels in Holdenville is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Holdenville?
You can’t get solar panels for free in Holdenville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Holdenville have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.