Solar Panel Cost Guide in Holdenville, OK (Mar 2023)
- Holdenville Solar Installation Cost: $15,772
- 25-Year Savings: $22,693
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Holdenville
Let's take a look at the average cost of solar panels in Holdenville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Holdenville, the typical cost of a solar system is 2.62 per watt. Using this figure, a typical 8.6-kW system would cost about $15,772 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Holdenville homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Holdenville can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Holdenville for a quote for your home.
Solar savings over time in Holdenville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,234 |
| 3 years | $-11,157 |
| 5 years | $-8,079 |
| 7 years | $-5,002 |
| 9 years | $-1,925 |
| 11 years | $1,153 |
| 13 years | $4,230 |
| 15 years | $7,307 |
| 17 years | $10,384 |
| 19 years | $13,462 |
| 21 years | $16,539 |
| 23 years | $19,616 |
| 25 years | $22,693 |
Top Solar Installers in Holdenville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your switch to solar power much easier. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
If you're searching for a solar company in Holdenville, the EcoWatch team has compiled a list of our top suggestions here:
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 Holdenville
Factors that Affect Solar Panel Costs in Holdenville
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Holdenville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,620 per kilowatt in Holdenville. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Holdenville, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Holdenville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to add 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
The solar panel installation company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 cost more. It's best to do some research and find a company that has the products, warranties and services you're looking for and also fit into 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 | $2.72 | $11,444 | $15,380 | 10.7 years |
| 8 kW | $2.67 | $14,965 | $20,800 | 10.5 years |
| 10 kW | $2.62 | $18,340 | $26,367 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $32,081 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,941 | 9.8 years |
| 16 kW | $2.46 | $27,583 | $43,948 | 9.6 years |
| 18 kW | $2.41 | $30,371 | $50,101 | 9.4 years |
| 20 kW | $2.36 | $33,012 | $56,402 | 9.2 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: Make sure your solar system installer 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.
- Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should opt for, since different companies offer different panels.
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 Holdenville, OK Solar Cost FAQs
How much does it cost to install solar panels in Holdenville?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Holdenville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out 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.