Solar Panel Cost Guide in Roland, OK (Mar 2023)
- Roland Solar Installation Cost: $16,103
- 25-Year Savings: $23,824
- Payback Period: 10.1 Years
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Updated March 14, 2023
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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.
The national average cost of solar panels is $2.66 per watt, but in Roland it's 2.62 per watt. Using this figure, a typical 8.8-kW system would cost about $16,103 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you go with. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Roland see about $17,000 in savings on electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Roland
| Year | Return on Investment |
|---|---|
| 1 years | $-14,505 |
| 3 years | $-11,311 |
| 5 years | $-8,117 |
| 7 years | $-4,923 |
| 9 years | $-1,729 |
| 11 years | $1,465 |
| 13 years | $4,659 |
| 15 years | $7,853 |
| 17 years | $11,047 |
| 19 years | $14,241 |
| 21 years | $17,436 |
| 23 years | $20,630 |
| 25 years | $23,824 |
Top Solar Installers in Roland
Installing solar panels by yourself can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are several 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
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 Roland
Factors that Affect Solar Panel Costs in Roland
For many Roland homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Roland, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Roland, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a part in determining the cost. Roland's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk 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 discount can bring their pricing lower 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 | $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 lot of companies to choose from in Roland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which company you should opt for, since different companies offer different panels.
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 Roland, OK Solar Cost FAQs
What is the average cost of installing solar panels in Roland?
The average cost of solar panels in Roland is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Roland?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Roland have a net metering program?
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 energy bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.