Solar Panel Cost Guide in Norman, OK (Feb 2023)
- Norman Solar Installation Cost: $15,406
- 25-Year Savings: $23,267
- Payback Period: 10.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Norman
We go over average solar pricing in Norman.
The national average cost of solar panels is $2.66 per watt, but in Norman it's $3 per watt. Because a 8.4-kW system is needed to cover the energy needs of a typical home in Norman, the average price of going solar will be about $15,406 before claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you want to get, your solar contractor and more. For most homeowners, the upfront cost of solar panels is worth paying. On average Norman homeowners see about $17,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Norman for a quote for your home.
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
Many homeowners choose to use a solar installer since figuring out how to install solar panels on your own can be time-consuming. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can install solar panels for you. 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 Norman
Factors that Affect Solar Panel Costs in Norman
Although the average cost of a solar system in Norman is $15,406, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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. In addition, extra products, such as solar batteries, can bring your total well above the Norman average.
Solar Financing Terms
Most solar companies in Norman offer solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you want and also fits within your budget.
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 available in Norman, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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
What is the average cost of installing solar panels in Norman?
This is a difficult question to answer precisely, because the cost depends on a few different 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Norman?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Norman have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces 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 long do solar panels last in Norman?
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 the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.