Solar Panel Cost Guide in Kingfisher, OK (Sep 2022)

  • Kingfisher Solar Installation Cost: $15,351
  • 25-Year Savings: $24,186
  • Payback Period: 9.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 per watt. Using this figure, a typical 8.4 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 National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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 Size

The size of the solar panel system you need for your household 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

Solar Incentives in Kingfisher

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

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 National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • 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 real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Kingfisher?

Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 get the most savings.

Is it worth going solar in Kingfisher?

Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

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