Solar Panel Cost Guide in Purcell, OK (2023 Update)
- Purcell Solar Installation Cost: $15,404
- 25-Year Savings: $24,155
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Purcell
Find out how much it might cost to install solar panels in Purcell.
While the national average of solar panels is $2.66 per watt, solar panels in Purcell generally cost about 2.62. Since a 8.4-kW system is needed to cover the energy needs of a typical home in Purcell, the average price of going solar will be about $15,406 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Purcell homeowner. 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 Purcell homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Purcell
| Year | Return on Investment |
|---|---|
| 1 years | $-15,272 |
| 3 years | $-15,009 |
| 5 years | $-14,745 |
| 7 years | $-14,481 |
| 9 years | $-14,218 |
| 11 years | $-13,954 |
| 13 years | $-13,690 |
| 15 years | $-13,426 |
| 17 years | $-13,163 |
| 19 years | $-12,899 |
| 21 years | $-12,635 |
| 23 years | $-12,372 |
| 25 years | $-12,108 |
Top Solar Installers in Purcell
Installing solar panels yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions for providers in Purcell:
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 Purcell
Factors that Affect Solar Panel Costs in Purcell
Although the average cost of a solar system in Purcell is $15,406, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,620. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Purcell average.
Solar Financing Terms
Most solar companies in Purcell offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Purcell, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
Since the brand of solar panels and the installer you choose significantly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Purcell, OK Solar Cost FAQs
How much does it cost to install solar panels in Purcell?
The average cost of solar panels in Purcell is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to 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.
How will solar panels impact the value of my home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, solar panels can last 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 higher amount 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.