Solar Panel Cost Guide in Marlow, OK (2023 Update)
- Marlow Solar Installation Cost: $15,129
- 25-Year Savings: $23,591
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marlow
We go over average solar pricing in Marlow.
The average cost of a solar panel system in Marlow is 2.62 per watt. The average solar panel system size in Marlow is around 8.2 kilowatts, meaning a cost of about $15,130 for a solar installation, or $21,636 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more. Even with the significant initial cost, the average Marlow homeowner can save around $18,000 on their energy bills over 20 years, which is one of the positives of solar.
To calculate 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 | $-13,920 |
| 3 years | $-11,502 |
| 5 years | $-9,083 |
| 7 years | $-6,665 |
| 9 years | $-4,247 |
| 11 years | $-1,828 |
| 13 years | $590 |
| 15 years | $3,008 |
| 17 years | $5,427 |
| 19 years | $7,845 |
| 21 years | $10,263 |
| 23 years | $12,681 |
| 25 years | $15,100 |
Top Solar Installers in Marlow
When switching to solar energy, many homeowners choose to hire a solar installer since putting up a solar system yourself can be a challenging project. Some solar installers, especially local ones, can help you take advantage of incentives in Marlow, optimizing your ROI.
If you're looking for a solar company in Marlow, we've compiled a list of our top suggestions here:
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 Marlow
Factors that Affect Solar Panel Costs in Marlow
The cost of installing a solar system in Marlow can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Marlow average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Marlow, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Marlow, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $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
There are many companies available in Marlow, 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:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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 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.