Solar Panel Cost Guide in Marlow, OK (2024 Update)

  • Marlow Solar Installation Cost: $18,074
  • 25-Year Savings: $23,591
  • Payback Period: 11.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Marlow

Find out what the average cost of solar panel installation is in Marlow.

In Marlow, solar panels cost about 3 per watt on average.The average solar panel system size in Marlow is around 8.2 kilowatts, meaning a cost of about $18,074 for a solar installation, or $25,846 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Marlow homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar is worth paying. On average Marlow homeowners see about $18,000 in savings on utility bills over 20 years.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Marlow

Year Return on Investment
1 years $-16,865
3 years $-14,447
5 years $-12,028
7 years $-9,610
9 years $-7,192
11 years $-4,773
13 years $-2,355
15 years $63
17 years $2,482
19 years $4,900
21 years $7,318
23 years $9,736
25 years $12,155

Top Solar Installers in Marlow

Installing solar panels by yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money after your upfront investment.

If you're searching for a solar installer in Marlow, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Marlow

Factors that Affect Solar Panel Costs in Marlow

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Marlow: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar system in Marlow, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,130 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Marlow, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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 panels out of pocket can be a challenge. Solar loans are available from most installers in Marlow, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, 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 more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Marlow, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for 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 $3.26 $13,672 $14,490 12.1 years
8 kW $3.19 $17,879 $19,671 11.9 years
10 kW $3.13 $21,910 $25,027 11.7 years
12 kW $3.07 $25,766 $30,558 11.4 years
14 kW $3.00 $29,447 $36,265 11.2 years
16 kW $2.94 $32,953 $42,147 11.0 years
18 kW $2.88 $36,283 $48,204 10.7 years
20 kW $2.82 $39,438 $54,436 10.5 years

How to Save on Solar Panels

Since the brand of solar panels and the 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:

  • Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Marlow, OK Solar Cost FAQs

What is the average cost of installing solar panels in Marlow?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Marlow?

Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.

How will having solar panels impact how much my home is worth?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose 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."

What solar power system size is right for my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.

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