Solar Panel Cost Guide in Nowata, OK (Feb 2023)
- Nowata Solar Installation Cost: $16,011
- 25-Year Savings: $22,149
- Payback Period: 10.5 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Nowata
Let's have a look at the average cost of solar in Nowata.
In Nowata, solar panels cost about $3 per watt on average. The average solar panel system size in Nowata is around 8.7 kilowatts, meaning a cost of about $16,011 for a solar installation, or $11,848 after the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Nowata based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average Nowata homeowners see about $17,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in Nowata for a customized estimate.
Solar savings over time in Nowata
| Year | Return on Investment |
|---|---|
| 1 years | $-14,484 |
| 3 years | $-11,432 |
| 5 years | $-8,379 |
| 7 years | $-5,326 |
| 9 years | $-2,273 |
| 11 years | $780 |
| 13 years | $3,833 |
| 15 years | $6,885 |
| 17 years | $9,938 |
| 19 years | $12,991 |
| 21 years | $16,044 |
| 23 years | $19,097 |
| 25 years | $22,149 |
Top Solar Installers in Nowata
Installing solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for you.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Nowata
Factors that Affect Solar Panel Costs in Nowata
The cost of installing a solar system in Nowata can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Nowata to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. Even though solar loans make going solar more accessible for Nowata homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Nowata, and each can charge different amounts for labor and equipment. Additionally, some companies in Nowata know more 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 help you save 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 | $2.72 | $11,444 | $14,778 | 10.9 years |
| 8 kW | $2.67 | $14,965 | $19,997 | 10.7 years |
| 10 kW | $2.62 | $18,340 | $25,363 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $30,876 | 10.3 years |
| 14 kW | $2.52 | $24,649 | $36,536 | 10.1 years |
| 16 kW | $2.46 | $27,583 | $42,342 | 9.9 years |
| 18 kW | $2.41 | $30,371 | $48,295 | 9.7 years |
| 20 kW | $2.36 | $33,012 | $54,395 | 9.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Nowata, OK Solar Cost FAQs
How much does it cost to install solar panels in Nowata?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Nowata?
You can't get solar panels for free in Nowata. However, you may still be able to afford 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 the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Nowata?
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 decide to replace them after having 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.