Solar Panel Cost Guide in Okmulgee, OK (2024 Update)
- Okmulgee Solar Installation Cost: $18,930
- 25-Year Savings: $22,646
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Okmulgee
Find out how much it might cost to make the switch to solar in Okmulgee.
Although the national average of solar panels is $2.66 per watt, solar panels in Okmulgee generally cost about 3.Since a 8.6-kW system is needed to cover the energy usage of a typical home in Okmulgee, the average price of going solar will be about $18,930 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.Even with the significant upfront cost, the average Okmulgee homeowner can save around $17,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Okmulgee
| Year | Return on Investment |
|---|---|
| 1 years | $-17,721 |
| 3 years | $-15,302 |
| 5 years | $-12,884 |
| 7 years | $-10,466 |
| 9 years | $-8,048 |
| 11 years | $-5,629 |
| 13 years | $-3,211 |
| 15 years | $-793 |
| 17 years | $1,626 |
| 19 years | $4,044 |
| 21 years | $6,462 |
| 23 years | $8,880 |
| 25 years | $11,299 |
Top Solar Installers in Okmulgee
Many homeowners decide to use a solar panel installer since trying to install solar panels by yourself can be a labor-intensive endeavor. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're looking for a solar company in Okmulgee, the EcoWatch team has put together a list of our top suggestions here:
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 Okmulgee
Factors that Affect Solar Panel Costs in Okmulgee
For many Okmulgee homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Okmulgee, 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
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Okmulgee provide solar loans, which reduce the initial cost of installing a solar system.Even though solar loans make going solar more accessible for Okmulgee homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Okmulgee is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,058 | 12.8 years |
| 8 kW | $3.19 | $17,879 | $17,762 | 12.5 years |
| 10 kW | $3.13 | $21,910 | $22,641 | 12.3 years |
| 12 kW | $3.07 | $25,766 | $27,694 | 12.0 years |
| 14 kW | $3.00 | $29,447 | $32,924 | 11.8 years |
| 16 kW | $2.94 | $32,953 | $38,328 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,908 | 11.3 years |
| 20 kW | $2.82 | $39,438 | $49,663 | 11.1 years |
How to Save on Solar Panels
There are numerous companies available in Okmulgee, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable 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 positive reviews from past customers.
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 Okmulgee, OK Solar Cost FAQs
What is the average cost of installing solar panels in Okmulgee?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 consumption. 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 Okmulgee?
Leasing solar panels can be an attractive choice, as it usually 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 get the most savings.
Does Okmulgee have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.