Solar Panel Cost Guide in Roland, OK (2024 Update)
- Roland Solar Installation Cost: $19,229
- 25-Year Savings: $23,830
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Roland
Let’s have a look at the average cost of solar panels in Roland.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Roland, the average cost of solar panels is 3 per watt.The average Roland homeowner needs a 8.8-kilowatt system, which would cost about $19,229 with the federal tax credit, or $27,497 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Roland see about $17,000 in savings on utility bills over 20 years.
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Solar savings over time in Roland
| Year | Return on Investment |
|---|---|
| 1 years | $-18,020 |
| 3 years | $-15,602 |
| 5 years | $-13,184 |
| 7 years | $-10,765 |
| 9 years | $-8,347 |
| 11 years | $-5,929 |
| 13 years | $-3,510 |
| 15 years | $-1,092 |
| 17 years | $1,326 |
| 19 years | $3,744 |
| 21 years | $6,163 |
| 23 years | $8,581 |
| 25 years | $10,999 |
Top Solar Installers in Roland
When making the switch to solar, many homeowners choose to hire a solar company since installing a solar system yourself can be a time-consuming project. Some solar companies, especially local ones, can help you better understand incentives in Roland, therefore optimizing your ROI.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Roland
Factors that Affect Solar Panel Costs in Roland
There are many factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar 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 a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Roland provide solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make switching to solar energy more accessible for Roland homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Roland, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $13,623 | 12.5 years |
| 8 kW | $3.19 | $17,879 | $18,515 | 12.3 years |
| 10 kW | $3.13 | $21,910 | $23,582 | 12.0 years |
| 12 kW | $3.07 | $25,766 | $28,824 | 11.8 years |
| 14 kW | $3.00 | $29,447 | $34,241 | 11.6 years |
| 16 kW | $2.94 | $32,953 | $39,834 | 11.3 years |
| 18 kW | $2.88 | $36,283 | $45,602 | 11.1 years |
| 20 kW | $2.82 | $39,438 | $51,545 | 10.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar installers 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.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Roland, OK Solar Cost FAQs
What is the average cost of installing solar panels in Roland?
This is a tough question to answer precisely, 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. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Roland, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.