Solar Panel Cost Guide in Park Hill, OK (2023 Update)
- Park Hill Solar Installation Cost: $16,158
- 25-Year Savings: $23,931
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Park Hill
Let's take a look at the average cost of solar panels in Park Hill.
The average cost of a solar system in Park Hill is 2.62 per watt. To cover the typical energy needs of the average home in Park Hill, most homeowners require a 8.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,158, or $23,106 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Park Hill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Park Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-14,554 |
| 3 years | $-11,347 |
| 5 years | $-8,140 |
| 7 years | $-4,933 |
| 9 years | $-1,726 |
| 11 years | $1,482 |
| 13 years | $4,689 |
| 15 years | $7,896 |
| 17 years | $11,103 |
| 19 years | $14,310 |
| 21 years | $17,517 |
| 23 years | $20,724 |
| 25 years | $23,931 |
Top Solar Installers in Park Hill
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar company can make your swap to solar power much easier. The expertise that solar installers provide can be useful as well, especially if you aren't sure what kind of solar equipment would be right for your home.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Park Hill
Factors that Affect Solar Panel Costs in Park Hill
The cost of installing a solar system in Park Hill 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 company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Park Hill, one of the most important 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 determine by looking at past energy bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment 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 | $2.72 | $11,444 | $15,851 | 10.5 years |
| 8 kW | $2.67 | $14,965 | $21,428 | 10.3 years |
| 10 kW | $2.62 | $18,340 | $27,152 | 10.1 years |
| 12 kW | $2.57 | $21,568 | $33,022 | 9.9 years |
| 14 kW | $2.52 | $24,649 | $39,039 | 9.7 years |
| 16 kW | $2.46 | $27,583 | $45,203 | 9.5 years |
| 18 kW | $2.41 | $30,371 | $51,514 | 9.3 years |
| 20 kW | $2.36 | $33,012 | $57,971 | 9.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Park Hill, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Review the contract terms closely to make sure you understand the total cost, completion timeline incentives and warranties.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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 Park Hill, OK Solar Cost FAQs
What is the average cost of installing solar panels in Park Hill?
This is a difficult question to answer exactly, 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Park Hill?
A solar panel system isn't free in Park Hill, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $909.83 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 account for 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.