Solar Panel Cost Guide in Mannford, OK (2023 Update)
- Mannford Solar Installation Cost: $15,845
- 25-Year Savings: $22,047
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mannford
Let's have a look at the average cost of solar panels in Mannford.
Although the national average of solar panels is $2.66 per watt, solar panels in Mannford typically cost about 2.62. The average solar panel system size in Mannford is around 8.6 kilowatts, meaning a cost of about $15,846 for a solar installation, or $22,660 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Mannford find going solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mannford
| Year | Return on Investment |
|---|---|
| 1 years | $-14,636 |
| 3 years | $-12,218 |
| 5 years | $-9,799 |
| 7 years | $-7,381 |
| 9 years | $-4,963 |
| 11 years | $-2,544 |
| 13 years | $-126 |
| 15 years | $2,292 |
| 17 years | $4,710 |
| 19 years | $7,129 |
| 21 years | $9,547 |
| 23 years | $11,965 |
| 25 years | $14,384 |
Top Solar Installers in Mannford
Many homeowners choose to use a solar panel installer since trying to put up solar panels yourself can be a labor-intensive endeavor. The expertise that solar companies offer can be valuable as well, especially if you don't quite know what kind of solar equipment you need.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Mannford
Factors that Affect Solar Panel Costs in Mannford
The cost of installing a solar system in Mannford can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need 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 $2,620. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Mannford, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Mannford, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $14,871 | 10.9 years |
| 8 kW | $2.67 | $14,965 | $20,121 | 10.7 years |
| 10 kW | $2.62 | $18,340 | $25,518 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $31,062 | 10.2 years |
| 14 kW | $2.52 | $24,649 | $36,752 | 10.0 years |
| 16 kW | $2.46 | $27,583 | $42,589 | 9.8 years |
| 18 kW | $2.41 | $30,371 | $48,573 | 9.6 years |
| 20 kW | $2.36 | $33,012 | $54,704 | 9.4 years |
How to Save on Solar Panels
There are many companies available in Mannford, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should opt for, since different companies have different panels.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Mannford, OK Solar Cost FAQs
What is the average cost of installing solar panels in Mannford?
The average cost of solar panels in Mannford is about $13,100 for a 5-kW system and $26,200 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 use.
Can you get solar panels for free in Mannford?
You can't get solar panels for free in Mannford. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Mannford?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.