Solar Panel Cost Guide in Muldrow, OK (Mar 2023)
- Muldrow Solar Installation Cost: $16,103
- 25-Year Savings: $24,552
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Muldrow
Find out what the average cost of solar panel installation is in Muldrow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Muldrow, the average cost of a solar system is 2.62 per watt. The average Muldrow homeowner needs a 8.8-kilowatt system, which would cost about $16,103 with the federal tax credit, or $23,027 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar system you want, your solar contractor and more. With average savings of about $18,000 on energy bills over 20 years, many homeowners in Muldrow find investing in solar has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Muldrow
| Year | Return on Investment |
|---|---|
| 1 years | $-14,476 |
| 3 years | $-11,224 |
| 5 years | $-7,972 |
| 7 years | $-4,719 |
| 9 years | $-1,467 |
| 11 years | $1,786 |
| 13 years | $5,038 |
| 15 years | $8,290 |
| 17 years | $11,543 |
| 19 years | $14,795 |
| 21 years | $18,048 |
| 23 years | $21,300 |
| 25 years | $24,552 |
Top Solar Installers in Muldrow
Installing solar panels by yourself can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be useful as well, particularly if you don't quite know what brand of solar equipment you need.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Muldrow
Factors that Affect Solar Panel Costs in Muldrow
Though the average cost of a solar system in Muldrow is $16,103, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Muldrow, 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 consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Muldrow, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
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 Muldrow is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,349 | 10.3 years |
| 8 kW | $2.67 | $14,965 | $22,092 | 10.1 years |
| 10 kW | $2.62 | $18,340 | $27,982 | 9.9 years |
| 12 kW | $2.57 | $21,568 | $34,019 | 9.7 years |
| 14 kW | $2.52 | $24,649 | $40,202 | 9.5 years |
| 16 kW | $2.46 | $27,583 | $46,532 | 9.3 years |
| 18 kW | $2.41 | $30,371 | $53,009 | 9.1 years |
| 20 kW | $2.36 | $33,012 | $59,633 | 8.9 years |
How to Save on Solar Panels
There are many companies to choose from in Muldrow, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- 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 you can expect about your solar system's energy production.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a good company.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Muldrow, OK Solar Cost FAQs
What is the average cost of installing solar panels in Muldrow?
This is a difficult question to answer precisely, because the cost depends on many 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Muldrow?
A solar panel system isn't free in Muldrow, 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 solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Muldrow, 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 contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.