Solar Panel Cost Guide in Okmulgee, OK (2023 Update)
- Okmulgee Solar Installation Cost: $15,846
- 25-Year Savings: $22,645
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Okmulgee
Let's take a look at the average cost of solar in Okmulgee.
Although the national average of solar panels is $2.66 per watt, solar panels in Okmulgee generally cost around 2.62. The average solar panel system size in Okmulgee is around 8.6 kilowatts, meaning a cost of about $15,846 for a solar installation, or $22,660 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Okmulgee can save around $17,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Okmulgee
| Year | Return on Investment |
|---|---|
| 1 years | $-14,306 |
| 3 years | $-11,227 |
| 5 years | $-8,148 |
| 7 years | $-5,068 |
| 9 years | $-1,989 |
| 11 years | $1,090 |
| 13 years | $4,170 |
| 15 years | $7,249 |
| 17 years | $10,328 |
| 19 years | $13,408 |
| 21 years | $16,487 |
| 23 years | $19,566 |
| 25 years | $22,645 |
Top Solar Installers in Okmulgee
Although it's possible to install solar panels on your own, it requires extra effort and know-how. Because of that, most people choose a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Okmulgee: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Okmulgee, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make going solar more accessible for Okmulgee homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can play a role in determining the cost. Okmulgee's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Okmulgee have more knowledge 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 | $15,286 | 10.7 years |
| 8 kW | $2.67 | $14,965 | $20,675 | 10.5 years |
| 10 kW | $2.62 | $18,340 | $26,211 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,893 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,722 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,697 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,820 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $56,089 | 9.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Okmulgee, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- 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 considerable role in the company you go with.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
How much does it cost to install solar panels in Okmulgee?
This is a difficult question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.