Solar Panel Cost Guide in Jenks, OK (Mar 2023)
- Jenks Solar Installation Cost: $15,919
- 25-Year Savings: $22,752
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jenks
Find out what the average cost of a solar system is in Jenks.
In Jenks, solar panels cost about 2.62 per watt on average. The average Jenks homeowner needs a 8.7-kilowatt system, which would cost about $15,919 with the federal tax credit, or $22,764 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Jenks based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average Jenks homeowners see about $17,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Jenks
| Year | Return on Investment |
|---|---|
| 1 years | $-14,372 |
| 3 years | $-11,279 |
| 5 years | $-8,185 |
| 7 years | $-5,091 |
| 9 years | $-1,997 |
| 11 years | $1,096 |
| 13 years | $4,190 |
| 15 years | $7,284 |
| 17 years | $10,377 |
| 19 years | $13,471 |
| 21 years | $16,565 |
| 23 years | $19,658 |
| 25 years | $22,752 |
Top Solar Installers in Jenks
When going solar, many homeowners opt to use a solar installation company since putting up a solar system yourself can be a challenging project. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Jenks
Factors that Affect Solar Panel Costs in Jenks
There are several criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some 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 require 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 $2,620. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Jenks homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Some companies 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 with an above-average cost. It's best to do some research and choose a company that provides 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 | $15,273 | 10.7 years |
| 8 kW | $2.67 | $14,965 | $20,657 | 10.5 years |
| 10 kW | $2.62 | $18,340 | $26,188 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,866 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,690 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,662 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,780 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $56,044 | 9.3 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should choose, since different companies have access to different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: If you're concerned about the durability of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Jenks, OK Solar Cost FAQs
How much does it cost to install solar panels in Jenks?
This is a hard question to answer exactly, 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Jenks?
Leasing solar panels can be an option if you can't pay upfront or secure 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 savings from going solar.
Does Jenks have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates 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.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.