Solar Panel Cost Guide in Lawton, OK (2023 Update)
- Lawton Solar Installation Cost: $14,916
- 25-Year Savings: $24,323
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lawton
Let's have a look at the average cost of solar in Lawton.
The average cost of solar panels in Lawton is 2.62 per watt. To cover the typical energy usage of the average home in Lawton, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs about $14,910, or $21,321 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Lawton can save around $18,000 on their electricity bills over 20 years.
To get a free quote from a vetted solar installer in Lawton, you can click the button below.
Solar savings over time in Lawton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,679 |
| 3 years | $-11,204 |
| 5 years | $-8,729 |
| 7 years | $-6,254 |
| 9 years | $-3,779 |
| 11 years | $-1,304 |
| 13 years | $1,171 |
| 15 years | $3,646 |
| 17 years | $6,121 |
| 19 years | $8,596 |
| 21 years | $11,071 |
| 23 years | $13,546 |
| 25 years | $16,021 |
Top Solar Installers in Lawton
Many homeowners opt for a solar panel installer since installing solar panels on your own can be a lot of work. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you're looking for a solar company in Lawton, we've compiled a list of our top suggestions here:
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 Lawton
Factors that Affect Solar Panel Costs in Lawton
For many Lawton homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Lawton, 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
When it comes to estimating the price of a solar system in Lawton, 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 electricity bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. The brand of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond 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 looking into a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Lawton is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $17,503 | 9.9 years |
| 8 kW | $2.67 | $14,965 | $23,631 | 9.7 years |
| 10 kW | $2.62 | $18,340 | $29,906 | 9.5 years |
| 12 kW | $2.57 | $21,568 | $36,327 | 9.3 years |
| 14 kW | $2.52 | $24,649 | $42,895 | 9.1 years |
| 16 kW | $2.46 | $27,583 | $49,610 | 8.9 years |
| 18 kW | $2.41 | $30,371 | $56,471 | 8.7 years |
| 20 kW | $2.36 | $33,012 | $63,479 | 8.6 years |
How to Save on Solar Panels
The solar installer you choose will affect 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 some important things you should consider, including:
- 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 past customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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 Lawton, OK Solar Cost FAQs
What is the average cost of installing solar panels in Lawton?
The average cost of solar panels in Lawton 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.
Are solar panels free in Lawton?
A solar panel system isn't free in Lawton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Lawton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 install between 20 and 35 panels to account for 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.