Solar Panel Cost Guide in Lone Grove, OK (2024 Update)
- Lone Grove Solar Installation Cost: $18,328
- 25-Year Savings: $23,232
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Lone Grove
We go over average solar pricing in Lone Grove.
The average cost of solar panels in Lone Grove is 3 per watt.The average solar panel system size in Lone Grove is around 8.4 kilowatts, meaning a cost of about $18,328 for a solar installation, or $26,209 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you choose to go with.Despite the high upfront cost, the average Lone Grove homeowner can save about $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Lone Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-17,119 |
| 3 years | $-14,700 |
| 5 years | $-12,282 |
| 7 years | $-9,864 |
| 9 years | $-7,446 |
| 11 years | $-5,027 |
| 13 years | $-2,609 |
| 15 years | $-191 |
| 17 years | $2,228 |
| 19 years | $4,646 |
| 21 years | $7,064 |
| 23 years | $9,482 |
| 25 years | $11,901 |
Top Solar Installers in Lone Grove
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of an installer can make your swap to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
If you're searching for a solar company in Lone Grove, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
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 Lone Grove
Factors that Affect Solar Panel Costs in Lone Grove
There are many factors that can affect 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,130 per kilowatt in Lone Grove.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 be more expensive. In addition, the type of equipment you want to install 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
Most solar installers in Lone Grove offer solar loans, which reduce the initial cost of installing solar panels.Although solar loans make switching to solar energy more accessible for Lone Grove homeowners, they can also increase the total you pay for your system due to interest. 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 last major cost factor you should take into consideration 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.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due 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 lower 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 | $13,996 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $19,012 | 12.1 years |
| 10 kW | $3.13 | $21,910 | $24,203 | 11.9 years |
| 12 kW | $3.07 | $25,766 | $29,569 | 11.6 years |
| 14 kW | $3.00 | $29,447 | $35,111 | 11.4 years |
| 16 kW | $2.94 | $32,953 | $40,828 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,720 | 10.9 years |
| 20 kW | $2.82 | $39,438 | $52,787 | 10.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on 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:
- Contract: Before you sign a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
Best National Provider
SunPower
- 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
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 Lone Grove, OK Solar Cost FAQs
How much does it cost to install solar panels in Lone Grove?
The average cost of solar panels in Lone Grove 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lone Grove?
You can’t get solar panels for free in Lone Grove. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need 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 generally 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.