Solar Panel Cost Guide in Kingfisher, OK (Mar 2023)
- Kingfisher Solar Installation Cost: $15,351
- 25-Year Savings: $24,186
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Kingfisher
Here's how much it might cost to switch to solar power in Kingfisher.
The average cost of a solar panel system in Kingfisher is 2.62 per watt. Using this figure, a typical 8.4-kW system would cost about $15,351 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Kingfisher depending on several factors, such as the type of solar panels you choose and the solar company you hire. Even with the high initial cost, the average Kingfisher homeowner can save about $18,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar panel company in Kingfisher for a customized estimate.
Solar savings over time in Kingfisher
| Year | Return on Investment |
|---|---|
| 1 years | $-13,769 |
| 3 years | $-10,606 |
| 5 years | $-7,443 |
| 7 years | $-4,280 |
| 9 years | $-1,117 |
| 11 years | $2,046 |
| 13 years | $5,209 |
| 15 years | $8,372 |
| 17 years | $11,535 |
| 19 years | $14,698 |
| 21 years | $17,861 |
| 23 years | $21,023 |
| 25 years | $24,186 |
Top Solar Installers in Kingfisher
Although it's possible to install solar panels on your own, it involves extra labor and expertise. That's why almost all homeowners choose to go with a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for your family.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
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 Kingfisher
Factors that Affect Solar Panel Costs in Kingfisher
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,620. There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install 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 Kingfisher to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. It's wise to add 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 off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Kingfisher, and each can charge varying amounts for labor and equipment. Some companies only sell high-efficiency and high-priced products — 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 decide on the company that provides 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 | $2.72 | $11,444 | $16,914 | 10.1 years |
| 8 kW | $2.67 | $14,965 | $22,846 | 9.9 years |
| 10 kW | $2.62 | $18,340 | $28,924 | 9.7 years |
| 12 kW | $2.57 | $21,568 | $35,149 | 9.5 years |
| 14 kW | $2.52 | $24,649 | $41,521 | 9.3 years |
| 16 kW | $2.46 | $27,583 | $48,040 | 9.1 years |
| 18 kW | $2.41 | $30,371 | $54,705 | 8.9 years |
| 20 kW | $2.36 | $33,012 | $61,517 | 8.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Kingfisher, OK Solar Cost FAQs
How much does it cost to install solar panels in Kingfisher?
The average cost of solar panels in Kingfisher is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home 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% after installing solar panels."
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 how much sunlight your roof gets. You can 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 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.