Solar Panel Cost Guide in Idabel, OK (Mar 2023)
- Idabel Solar Installation Cost: $15,956
- 25-Year Savings: $26,229
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Idabel
Find out what the average cost of solar panel installation is in Idabel.
In Idabel, solar panels cost about 2.62 per watt on average. The average solar panel system size in Idabel is around 8.7 kilowatts, meaning a cost of about $15,956 for a solar installation, or $22,817 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find going solar is a sound investment. The average homeowner in Idabel can save around $18,000 on their electricity bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Idabel, you can click the button below.
Solar savings over time in Idabel
| Year | Return on Investment |
|---|---|
| 1 years | $-14,268 |
| 3 years | $-10,894 |
| 5 years | $-7,519 |
| 7 years | $-4,144 |
| 9 years | $-769 |
| 11 years | $2,605 |
| 13 years | $5,980 |
| 15 years | $9,355 |
| 17 years | $12,730 |
| 19 years | $16,104 |
| 21 years | $19,479 |
| 23 years | $22,854 |
| 25 years | $26,229 |
Top Solar Installers in Idabel
Installing solar panels on your own can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers nearby:
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 Idabel
Factors that Affect Solar Panel Costs in Idabel
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of a solar system in Idabel, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Idabel to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Idabel, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $17,661 | 9.8 years |
| 8 kW | $2.67 | $14,965 | $23,841 | 9.6 years |
| 10 kW | $2.62 | $18,340 | $30,168 | 9.5 years |
| 12 kW | $2.57 | $21,568 | $36,642 | 9.3 years |
| 14 kW | $2.52 | $24,649 | $43,263 | 9.1 years |
| 16 kW | $2.46 | $27,583 | $50,030 | 8.9 years |
| 18 kW | $2.41 | $30,371 | $56,944 | 8.7 years |
| 20 kW | $2.36 | $33,012 | $64,005 | 8.5 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. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies offer different panels.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
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 Idabel, OK Solar Cost FAQs
What is the average cost of installing solar panels in Idabel?
This is a difficult question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Idabel?
Solar panels aren't free in Idabel, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy between 20 and 35 panels to account for 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.