Solar Panel Cost Guide in Lone Grove, OK (Mar 2023)
- Lone Grove Solar Installation Cost: $15,351
- 25-Year Savings: $23,223
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lone Grove
Find out what the average cost of installing solar panels is in Lone Grove.
Although the national average of solar panels is $2.66 per watt, solar panels in Lone Grove generally cost around 2.62. Using this figure, a typical 8.4-kW system would cost about $15,351 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Lone Grove based on several factors, such as the model of solar panels you choose and the solar installer you hire. Despite the high upfront cost, the average Lone Grove homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lone Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-13,808 |
| 3 years | $-10,722 |
| 5 years | $-7,636 |
| 7 years | $-4,550 |
| 9 years | $-1,464 |
| 11 years | $1,622 |
| 13 years | $4,708 |
| 15 years | $7,794 |
| 17 years | $10,880 |
| 19 years | $13,966 |
| 21 years | $17,052 |
| 23 years | $20,138 |
| 25 years | $23,223 |
Top Solar Installers in Lone Grove
When making the switch to solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a time-consuming project. The expertise that solar installers provide can be valuable as well, especially if you don't quite know what kind of solar equipment you need.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Lone Grove
Factors that Affect Solar Panel Costs in Lone Grove
There are many factors that can play into your total 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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Lone Grove offer solar loans, which reduce the initial cost of installing a solar system. Though solar loans make switching to solar energy more accessible for Lone Grove homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Lone Grove, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price 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 go with the company that offers the products, warranties and services you want and also is 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 | $16,223 | 10.3 years |
| 8 kW | $2.67 | $14,965 | $21,925 | 10.1 years |
| 10 kW | $2.62 | $18,340 | $27,773 | 9.9 years |
| 12 kW | $2.57 | $21,568 | $33,767 | 9.7 years |
| 14 kW | $2.52 | $24,649 | $39,909 | 9.5 years |
| 16 kW | $2.46 | $27,583 | $46,197 | 9.3 years |
| 18 kW | $2.41 | $30,371 | $52,632 | 9.1 years |
| 20 kW | $2.36 | $33,012 | $59,213 | 8.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Your solar installer should have a sound 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 good reviews from past customers.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Lone Grove, OK Solar Cost FAQs
How much does it cost to install solar panels in Lone Grove?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Lone Grove?
A solar panel system isn't free in Lone Grove, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Lone Grove?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly 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 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 house 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.