Solar Panel Cost Guide in Seminole, OK (2023 Update)
- Seminole Solar Installation Cost: $15,699
- 25-Year Savings: $21,587
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Seminole
Find out what the average cost of a solar system is in Seminole.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Seminole, the typical cost of a solar system is 2.62 per watt. To account for the typical energy usage of the average home in Seminole, most homeowners require a 8.6-kilowatt system. Using the figure above, a solar installation costs about $15,699, or $22,450 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. Even with the high upfront cost, the average Seminole homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Seminole that can help you get a more accurate cost estimate for your home.
Solar savings over time in Seminole
| Year | Return on Investment |
|---|---|
| 1 years | $-14,208 |
| 3 years | $-11,225 |
| 5 years | $-8,242 |
| 7 years | $-5,259 |
| 9 years | $-2,276 |
| 11 years | $707 |
| 13 years | $3,690 |
| 15 years | $6,672 |
| 17 years | $9,655 |
| 19 years | $12,638 |
| 21 years | $15,621 |
| 23 years | $18,604 |
| 25 years | $21,587 |
Top Solar Installers in Seminole
Many homeowners opt for a solar installer since installing solar panels on your own can be time-consuming. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for you.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Seminole
Factors that Affect Solar Panel Costs in Seminole
The cost of installing a solar system in Seminole can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Seminole, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,620 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Seminole average.
Solar Financing Terms
Most solar installers in Seminole offer solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, 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 more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $14,703 | 10.9 years |
| 8 kW | $2.67 | $14,965 | $19,898 | 10.7 years |
| 10 kW | $2.62 | $18,340 | $25,239 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $30,727 | 10.3 years |
| 14 kW | $2.52 | $24,649 | $36,361 | 10.1 years |
| 16 kW | $2.46 | $27,583 | $42,143 | 9.9 years |
| 18 kW | $2.41 | $30,371 | $48,071 | 9.7 years |
| 20 kW | $2.36 | $33,012 | $54,146 | 9.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though 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 options before deciding.
- Reputation: Long-running companies likely have a high 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.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Seminole, OK Solar Cost FAQs
How much does it cost to install solar panels in Seminole?
The average cost of solar panels in Seminole 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Seminole?
You can't get solar panels for free in Seminole. However, you may still be able to afford 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.
Does Seminole have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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.