Solar Panel Cost Guide in Marlow, OK (Dec 2022)

  • Marlow Solar Installation Cost: $15,130
  • 25-Year Savings: $23,589
  • Payback Period: 9.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Marlow

Find out what the average cost of a solar system is in Marlow.

The national average cost of solar panels is $2.66 per watt, but in Marlow it's $3 per watt. Because a 8.2-kW system is needed to cover the energy consumption of a typical home in Marlow, the average price of going solar will be about $15,130 before claiming the federal solar tax credit of 30%.

These figures are just estimates, and your own solar costs will differ based on your specific situation and what company you choose to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average Marlow homeowners see about $18,000 in savings on electricity bills over 20 years.

To see your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Marlow

Year Return on Investment
1 years $-13,582
3 years $-10,484
5 years $-7,387
7 years $-4,289
9 years $-1,191
11 years $1,906
13 years $5,004
15 years $8,101
17 years $11,199
19 years $14,296
21 years $17,394
23 years $20,491
25 years $23,589

Top Solar Installers in Marlow

Although it's possible to install solar panels yourself, it takes extra effort and knowledge. That's one of the reasons most homeowners choose to hire a solar panel installer. The payback period of solar panels will vary based on factors like your location and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.

If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:

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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Marlow

Factors that Affect Solar Panel Costs in Marlow

There are several criteria 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 variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher 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. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Marlow is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that provide a range of services for different budgets. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more 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 promotion 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 $2.72 $11,444 $16,718 10.2 years
8 kW $2.67 $14,965 $22,584 10.0 years
10 kW $2.62 $18,340 $28,597 9.8 years
12 kW $2.57 $21,568 $34,757 9.6 years
14 kW $2.52 $24,649 $41,063 9.4 years
16 kW $2.46 $27,583 $47,516 9.2 years
18 kW $2.41 $30,371 $54,116 9.0 years
20 kW $2.36 $33,012 $60,862 8.8 years

How to Save on Solar Panels

The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:

  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
  • Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

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 $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

What other factors should I consider other than cost 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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How much can I save on energy bills after installing solar panels?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Marlow, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with 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?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.

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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