Solar Panel Cost Guide in Norman, OK (Nov 2022)
- Norman Solar Installation Cost: $15,406
- 25-Year Savings: $23,267
- Payback Period: 10.0 Years
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Updated 11/09/2022
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Average Cost of Solar Panels in Norman
We go over average solar pricing in Norman.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Norman, the typical cost of a solar system is $3 per watt. The average Norman homeowner needs a 8.4-kilowatt system, which would cost about $15,406, or $11,400 after the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar panel company in Norman for a customized quote.
Solar savings over time in Norman
| Year | Return on Investment |
|---|---|
| 1 years | $-13,859 |
| 3 years | $-10,765 |
| 5 years | $-7,671 |
| 7 years | $-4,577 |
| 9 years | $-1,483 |
| 11 years | $1,610 |
| 13 years | $4,704 |
| 15 years | $7,798 |
| 17 years | $10,892 |
| 19 years | $13,986 |
| 21 years | $17,079 |
| 23 years | $20,173 |
| 25 years | $23,267 |
Top Solar Installers in Norman
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make switching to solar power much easier. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your home.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Norman
Factors that Affect Solar Panel Costs in Norman
There are several factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,620 per kilowatt in Norman. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Norman, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Norman homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Norman, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $16,173 | 10.4 years |
| 8 kW | $2.67 | $14,965 | $21,857 | 10.2 years |
| 10 kW | $2.62 | $18,340 | $27,688 | 10.0 years |
| 12 kW | $2.57 | $21,568 | $33,666 | 9.8 years |
| 14 kW | $2.52 | $24,649 | $39,791 | 9.6 years |
| 16 kW | $2.46 | $27,583 | $46,062 | 9.4 years |
| 18 kW | $2.41 | $30,371 | $52,480 | 9.2 years |
| 20 kW | $2.36 | $33,012 | $59,045 | 9.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Norman, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which company you should opt for, since different companies provide different panels.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
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 Norman, OK Solar Cost FAQs
How much does it cost to install solar panels in Norman?
This is a hard question to answer exactly, 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. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
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 trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Norman have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels do I need to power 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 usually 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.
