Solar Panel Cost Guide in Oklahoma City, OK (2024 Update)
- Oklahoma City Solar Installation Cost: $18,445
- 25-Year Savings: $22,329
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Oklahoma City
Let’s have a look at the average cost of solar panels in Oklahoma City.
The average cost of a solar system in Oklahoma City is 3 per watt.Since a 8.4-kW system is needed to cover the energy costs of a typical home in Oklahoma City, the average price of going solar will be about $18,445 after claiming the federal solar tax credit of 0.
These figures are just estimates, and your own solar costs will most likely differ based on your energy needs and what company you choose to go with.Many homeowners find installing solar panels is a sound investment. The average homeowner in Oklahoma City can save about $17,000 on their electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Oklahoma City
| Year | Return on Investment |
|---|---|
| 1 years | $-17,236 |
| 3 years | $-14,818 |
| 5 years | $-12,400 |
| 7 years | $-9,981 |
| 9 years | $-7,563 |
| 11 years | $-5,145 |
| 13 years | $-2,726 |
| 15 years | $-308 |
| 17 years | $2,110 |
| 19 years | $4,529 |
| 21 years | $6,947 |
| 23 years | $9,365 |
| 25 years | $11,783 |
Top Solar Installers in Oklahoma City
Putting up solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar, using a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
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 near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Oklahoma City
Factors that Affect Solar Panel Costs in Oklahoma City
Even though the average cost of a solar system in Oklahoma City is $18,445, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in Oklahoma City, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,130 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Oklahoma City, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Oklahoma City, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut 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 | $3.26 | $13,672 | $13,246 | 12.7 years |
| 8 kW | $3.19 | $17,879 | $18,011 | 12.5 years |
| 10 kW | $3.13 | $21,910 | $22,953 | 12.2 years |
| 12 kW | $3.07 | $25,766 | $28,069 | 12.0 years |
| 14 kW | $3.00 | $29,447 | $33,361 | 11.7 years |
| 16 kW | $2.94 | $32,953 | $38,827 | 11.5 years |
| 18 kW | $2.88 | $36,283 | $44,470 | 11.2 years |
| 20 kW | $2.82 | $39,438 | $50,287 | 11.0 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 selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Oklahoma City, OK Solar Cost FAQs
What is the average cost of installing solar panels in Oklahoma City?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Oklahoma City?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will solar panels impact my 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 Oklahoma City is currently $318,160, so you can look forward to a value of about $13,045 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Oklahoma City is a fruitful investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much 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.