Solar Panel Cost Guide in Lawton, OK (2024 Update)
- Lawton Solar Installation Cost: $17,820
- 25-Year Savings: $24,323
- Payback Period: 11.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lawton
Let’s take a look at the average cost of solar in Lawton.
The national average cost of solar panels is $2.66 per watt, but in Lawton it’s 3 per watt.The average Lawton homeowner needs a 8.1-kilowatt system, which would cost about $17,820 with the federal tax credit, or $25,483 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Lawton can save about $18,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Lawton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,582 |
| 3 years | $-14,107 |
| 5 years | $-11,632 |
| 7 years | $-9,157 |
| 9 years | $-6,682 |
| 11 years | $-4,207 |
| 13 years | $-1,732 |
| 15 years | $743 |
| 17 years | $3,218 |
| 19 years | $5,693 |
| 21 years | $8,168 |
| 23 years | $10,643 |
| 25 years | $13,118 |
Top Solar Installers in Lawton
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Another great thing about using a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers near you:
See all of the solar companies in Lawton
Factors that Affect Solar Panel Costs in Lawton
There are many factors that can affect your solar system 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 cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,130.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Lawton, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can impact the cost. Lawton’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $15,276 | 11.8 years |
| 8 kW | $3.19 | $17,879 | $20,718 | 11.6 years |
| 10 kW | $3.13 | $21,910 | $26,336 | 11.4 years |
| 12 kW | $3.07 | $25,766 | $32,129 | 11.1 years |
| 14 kW | $3.00 | $29,447 | $38,097 | 10.9 years |
| 16 kW | $2.94 | $32,953 | $44,240 | 10.7 years |
| 18 kW | $2.88 | $36,283 | $50,559 | 10.4 years |
| 20 kW | $2.82 | $39,438 | $57,053 | 10.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies offer various brands and types of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Warranty: Warranties that provide coverage for 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 mark of a good company.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
EcoWatch's Lawton, OK Solar Cost FAQs
How much does it cost to install solar panels in Lawton?
The average cost of solar panels in Lawton is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities 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 much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Lawton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.