Solar Panel Cost Guide in Pauls Valley, OK (2024 Update)
- Pauls Valley Solar Installation Cost: $18,424
- 25-Year Savings: $24,202
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Pauls Valley
Let’s have a look at the average cost of solar panels in Pauls Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pauls Valley, the average cost of solar panels is 3 per watt.Using this figure, a typical 8.4-kW system would cost about $18,424 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Pauls Valley homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the high initial cost, the average Pauls Valley homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a top solar company in Pauls Valley, you can click the button below.
Solar savings over time in Pauls Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-17,215 |
| 3 years | $-14,797 |
| 5 years | $-12,378 |
| 7 years | $-9,960 |
| 9 years | $-7,542 |
| 11 years | $-5,123 |
| 13 years | $-2,705 |
| 15 years | $-287 |
| 17 years | $2,132 |
| 19 years | $4,550 |
| 21 years | $6,968 |
| 23 years | $9,386 |
| 25 years | $11,805 |
Top Solar Installers in Pauls Valley
Trying to put up solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Another perk of working with a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Pauls Valley
Factors that Affect Solar Panel Costs in Pauls Valley
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Pauls Valley: 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 cost of solar panels in Pauls Valley, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,130 for each additional kilowatt you need.The brand and type 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 often come at a higher price 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Pauls Valley is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different costs.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $14,601 | 12.1 years |
| 8 kW | $3.19 | $17,879 | $19,818 | 11.9 years |
| 10 kW | $3.13 | $21,910 | $25,211 | 11.6 years |
| 12 kW | $3.07 | $25,766 | $30,779 | 11.4 years |
| 14 kW | $3.00 | $29,447 | $36,522 | 11.2 years |
| 16 kW | $2.94 | $32,953 | $42,441 | 10.9 years |
| 18 kW | $2.88 | $36,283 | $48,535 | 10.7 years |
| 20 kW | $2.82 | $39,438 | $54,804 | 10.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: An important thing to understand when going solar 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.
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 Pauls Valley, OK Solar Cost FAQs
How much does it cost to install solar panels in Pauls Valley?
This is a difficult question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Pauls Valley?
You can’t get solar panels for free in Pauls Valley. However, you may still be able to get 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.
Can you sell solar power back to the grid in Pauls Valley?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How long do solar panels last in Pauls Valley?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.