Solar Panel Cost Guide in Midwest City, OK (2023 Update)
- Midwest City Solar Installation Cost: $15,461
- 25-Year Savings: $22,002
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Midwest City
We go over average solar pricing in Midwest City.
The national average cost of solar panels is $2.66 per watt, but in Midwest City it's 2.62 per watt. Since a 8.4-kW system is needed to cover the energy costs of a typical home in Midwest City, the average price of going solar will be about $15,461 after claiming the federal solar tax credit of 30%.
How much you pay can be higher or lower than the average in Midwest City based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. Even with the high initial cost, the average Midwest City homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Midwest City for a quote for your home.
Solar savings over time in Midwest City
| Year | Return on Investment |
|---|---|
| 1 years | $-13,962 |
| 3 years | $-10,965 |
| 5 years | $-7,968 |
| 7 years | $-4,971 |
| 9 years | $-1,974 |
| 11 years | $1,023 |
| 13 years | $4,020 |
| 15 years | $7,017 |
| 17 years | $10,014 |
| 19 years | $13,011 |
| 21 years | $16,008 |
| 23 years | $19,005 |
| 25 years | $22,002 |
Top Solar Installers in Midwest City
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Midwest City
Factors that Affect Solar Panel Costs in Midwest City
There are many factors that can determine 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Midwest City, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Midwest City, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $15,206 | 10.7 years |
| 8 kW | $2.67 | $14,965 | $20,569 | 10.5 years |
| 10 kW | $2.62 | $18,340 | $26,078 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,733 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,536 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,485 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,581 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $55,823 | 9.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you care about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Midwest City, OK Solar Cost FAQs
What is the average cost of installing solar panels in Midwest City?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 cover 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.