Solar Panel Cost Guide in Kingfisher, OK (2024 Update)
- Kingfisher Solar Installation Cost: $18,328
- 25-Year Savings: $24,196
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Kingfisher
Find out what the average cost of a solar system is in Kingfisher.
The average cost of a solar panel system in Kingfisher is 3 per watt.The average solar panel system size in Kingfisher is around 8.4 kilowatts, meaning a cost of about $18,328 for a solar installation, or $26,209 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Kingfisher homeowners. 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.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Kingfisher see about $18,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Kingfisher
| Year | Return on Investment |
|---|---|
| 1 years | $-17,119 |
| 3 years | $-14,700 |
| 5 years | $-12,282 |
| 7 years | $-9,864 |
| 9 years | $-7,445 |
| 11 years | $-5,027 |
| 13 years | $-2,609 |
| 15 years | $-191 |
| 17 years | $2,228 |
| 19 years | $4,646 |
| 21 years | $7,064 |
| 23 years | $9,483 |
| 25 years | $11,901 |
Top Solar Installers in Kingfisher
Installing solar panels by yourself can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Kingfisher:
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 Kingfisher
Factors that Affect Solar Panel Costs in Kingfisher
For many Kingfisher homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Kingfisher, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,130 per kilowatt in Kingfisher.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Kingfisher homeowners decide to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Kingfisher know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $14,687 | 12.1 years |
| 8 kW | $3.19 | $17,879 | $19,933 | 11.8 years |
| 10 kW | $3.13 | $21,910 | $25,354 | 11.6 years |
| 12 kW | $3.07 | $25,766 | $30,951 | 11.4 years |
| 14 kW | $3.00 | $29,447 | $36,723 | 11.1 years |
| 16 kW | $2.94 | $32,953 | $42,670 | 10.9 years |
| 18 kW | $2.88 | $36,283 | $48,793 | 10.7 years |
| 20 kW | $2.82 | $39,438 | $55,091 | 10.4 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project timeline rebates and warranties.
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 Kingfisher, OK Solar Cost FAQs
What is the average cost of installing solar panels in Kingfisher?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Kingfisher?
You can’t get solar panels for free in Kingfisher. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $945.29 per year.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.