Solar Panel Cost Guide in Midwest City, OK (2024 Update)
- Midwest City Solar Installation Cost: $18,479
- 25-Year Savings: $21,995
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Midwest City
Find out what the average cost of installing solar panels is in Midwest City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Midwest City, the average cost of a solar system is 3 per watt.The average Midwest City homeowner needs a 8.4-kilowatt system, which would cost about $18,479 with the federal tax credit, or $26,425 before the 0 tax credit is applied.
How much you pay can go above or below the average in Midwest City based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Midwest City can save about $17,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Midwest City
| Year | Return on Investment |
|---|---|
| 1 years | $-17,270 |
| 3 years | $-14,852 |
| 5 years | $-12,434 |
| 7 years | $-10,015 |
| 9 years | $-7,597 |
| 11 years | $-5,179 |
| 13 years | $-2,760 |
| 15 years | $-342 |
| 17 years | $2,076 |
| 19 years | $4,495 |
| 21 years | $6,913 |
| 23 years | $9,331 |
| 25 years | $11,749 |
Top Solar Installers in Midwest City
When making the switch to solar, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a challenging project. Plus, if you aren’t sure what kind of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in Midwest City, 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 Midwest City
Factors that Affect Solar Panel Costs in Midwest City
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Midwest City: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Midwest City, 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 electricity bills. Your overall cost can increase by about $3,130 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to get 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Midwest City, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to add 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
A final consideration when trying to figure out the cost of solar for your home or business in Midwest City is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Midwest City have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $12,979 | 12.8 years |
| 8 kW | $3.19 | $17,879 | $17,656 | 12.6 years |
| 10 kW | $3.13 | $21,910 | $22,508 | 12.3 years |
| 12 kW | $3.07 | $25,766 | $27,535 | 12.1 years |
| 14 kW | $3.00 | $29,447 | $32,738 | 11.8 years |
| 16 kW | $2.94 | $32,953 | $38,116 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,669 | 11.3 years |
| 20 kW | $2.82 | $39,438 | $49,397 | 11.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re concerned about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
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?
The average cost of solar panels in Midwest City is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Midwest City?
Solar panels aren’t free in Midwest City, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Midwest City?
The majority of states offer net metering programs of some kind. Through these, you can either 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 should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can 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.