Solar Panel Cost Guide in Kingfisher, OK (2023 Update)
- Kingfisher Solar Installation Cost: $15,341
- 25-Year Savings: $24,196
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kingfisher
Let's have a look at the average cost of solar panels in Kingfisher.
Although the national average of solar panels is $2.66 per watt, solar panels in Kingfisher typically cost about 2.62. The average Kingfisher homeowner needs a 8.4-kilowatt system, which would cost about $15,351 with the federal tax credit, or $21,952 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Kingfisher find installing solar panels can pay off big.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Kingfisher
| Year | Return on Investment |
|---|---|
| 1 years | $-14,132 |
| 3 years | $-11,714 |
| 5 years | $-9,296 |
| 7 years | $-6,877 |
| 9 years | $-4,459 |
| 11 years | $-2,041 |
| 13 years | $377 |
| 15 years | $2,796 |
| 17 years | $5,214 |
| 19 years | $7,632 |
| 21 years | $10,051 |
| 23 years | $12,469 |
| 25 years | $14,887 |
Top Solar Installers in Kingfisher
Although you can install solar panels yourself, it involves extra labor and expertise. That's one of the reasons almost all homeowners choose to go with a solar panel installer. The expertise that solar companies offer can be helpful as well, especially if you aren't sure what kind of solar equipment you need.
There are several 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
See all of the solar companies in Kingfisher
Factors that Affect Solar Panel Costs in Kingfisher
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Kingfisher: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Kingfisher, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your overall costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Kingfisher is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. 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 cost more. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for 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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully 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: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
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
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 kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Kingfisher?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Kingfisher?
Most states offer net metering programs of some kind. Through these, you can either be compensated 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 long do solar panels last in Kingfisher?
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 level 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.