Solar Panel Cost Guide in Seminole, OK (2024 Update)
- Seminole Solar Installation Cost: $18,746
- 25-Year Savings: $21,594
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Seminole
We go over average solar pricing in Seminole.
In Seminole, solar panels cost about 3 per watt on average.The average Seminole homeowner needs a 8.6-kilowatt system, which would cost about $18,746 with the federal tax credit, or $26,807 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely vary based on your energy needs and what company you go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Seminole can save about $17,000 on their power bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Seminole
| Year | Return on Investment |
|---|---|
| 1 years | $-17,537 |
| 3 years | $-15,119 |
| 5 years | $-12,700 |
| 7 years | $-10,282 |
| 9 years | $-7,864 |
| 11 years | $-5,445 |
| 13 years | $-3,027 |
| 15 years | $-609 |
| 17 years | $1,809 |
| 19 years | $4,228 |
| 21 years | $6,646 |
| 23 years | $9,064 |
| 25 years | $11,483 |
Top Solar Installers in Seminole
Many homeowners decide to use a solar installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. The expertise that solar companies offer can be valuable as well, especially if you don’t quite know what brand of solar equipment would be right for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 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 depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Seminole average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Seminole, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.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’re only able to 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more 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 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 | $12,475 | 13.1 years |
| 8 kW | $3.19 | $17,879 | $16,984 | 12.8 years |
| 10 kW | $3.13 | $21,910 | $21,669 | 12.6 years |
| 12 kW | $3.07 | $25,766 | $26,528 | 12.3 years |
| 14 kW | $3.00 | $29,447 | $31,563 | 12.1 years |
| 16 kW | $2.94 | $32,953 | $36,773 | 11.8 years |
| 18 kW | $2.88 | $36,283 | $42,159 | 11.6 years |
| 20 kW | $2.82 | $39,438 | $47,720 | 11.3 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. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
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 Seminole, OK Solar Cost FAQs
What is the average cost of installing solar panels in Seminole?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Seminole?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Seminole?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.