Solar Panel Cost Guide in Noble, OK (2023 Update)
- Noble Solar Installation Cost: $15,406
- 25-Year Savings: $23,677
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Noble
Find out how much it might cost to make the switch to solar in Noble.
The average cost of solar panels in Noble is 2.62 per watt. The average solar panel system size in Noble is around 8.4 kilowatts, meaning a cost of about $15,406 for a solar installation, or $22,031 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Noble homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Noble that can help you get a more accurate cost estimate for your home.
Solar savings over time in Noble
| Year | Return on Investment |
|---|---|
| 1 years | $-13,842 |
| 3 years | $-10,716 |
| 5 years | $-7,589 |
| 7 years | $-4,463 |
| 9 years | $-1,336 |
| 11 years | $1,791 |
| 13 years | $4,917 |
| 15 years | $8,044 |
| 17 years | $11,170 |
| 19 years | $14,297 |
| 21 years | $17,423 |
| 23 years | $20,550 |
| 25 years | $23,677 |
Top Solar Installers in Noble
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make switching to solar power much easier. The expertise that solar companies offer can be valuable as well, especially if you don't quite know what kind of solar equipment you need.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Noble:
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 Noble
Factors that Affect Solar Panel Costs in Noble
For many Noble homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Noble, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Noble, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. The 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. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Noble average.
Solar Financing Terms
Many homeowners find the average cost of solar in Noble to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Noble is the company you choose to install your PV system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies typically 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 extra 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 | $16,465 | 10.3 years |
| 8 kW | $2.67 | $14,965 | $22,247 | 10.1 years |
| 10 kW | $2.62 | $18,340 | $28,176 | 9.9 years |
| 12 kW | $2.57 | $21,568 | $34,251 | 9.7 years |
| 14 kW | $2.52 | $24,649 | $40,474 | 9.5 years |
| 16 kW | $2.46 | $27,583 | $46,842 | 9.3 years |
| 18 kW | $2.41 | $30,371 | $53,358 | 9.1 years |
| 20 kW | $2.36 | $33,012 | $60,020 | 8.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should choose, since different companies provide different panels.
- Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
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 Noble, OK Solar Cost FAQs
How much does it cost to install solar panels in Noble?
The average cost of solar panels in Noble is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Noble?
You can't get solar panels for free in Noble. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Noble is currently $211,872, so you could be looking at a value of about $8,687 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Noble is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.