Solar Panel Cost Guide in Purcell, OK (Mar 2023)
- Purcell Solar Installation Cost: $15,406
- 25-Year Savings: $24,154
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Purcell
Here's how much it might cost to make the switch to solar in Purcell.
In Purcell, solar panels cost about 2.62 per watt on average. To cover the typical energy usage of the average home in Purcell, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,406, or $22,031 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Purcell that can help you get a more accurate cost estimate for your home.
Solar savings over time in Purcell
| Year | Return on Investment |
|---|---|
| 1 years | $-13,823 |
| 3 years | $-10,658 |
| 5 years | $-7,494 |
| 7 years | $-4,329 |
| 9 years | $-1,164 |
| 11 years | $2,000 |
| 13 years | $5,165 |
| 15 years | $8,330 |
| 17 years | $11,495 |
| 19 years | $14,659 |
| 21 years | $17,824 |
| 23 years | $20,989 |
| 25 years | $24,154 |
Top Solar Installers in Purcell
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be challenging. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your family.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Purcell
Factors that Affect Solar Panel Costs in Purcell
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Purcell, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Purcell, and each can charge different amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.
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 | $16,815 | 10.1 years |
| 8 kW | $2.67 | $14,965 | $22,713 | 9.9 years |
| 10 kW | $2.62 | $18,340 | $28,758 | 9.7 years |
| 12 kW | $2.57 | $21,568 | $34,950 | 9.5 years |
| 14 kW | $2.52 | $24,649 | $41,288 | 9.3 years |
| 16 kW | $2.46 | $27,583 | $47,773 | 9.2 years |
| 18 kW | $2.41 | $30,371 | $54,405 | 9.0 years |
| 20 kW | $2.36 | $33,012 | $61,184 | 8.8 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: When looking over your solar company's contract, ask questions 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.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Purcell, OK Solar Cost FAQs
What is the average cost of installing solar panels in Purcell?
This is a hard question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Purcell?
You can't get solar panels for free in Purcell. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $941.96 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 install 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.