Solar Panel Cost Guide in Skiatook, OK (2023 Update)
- Skiatook Solar Installation Cost: $15,877
- 25-Year Savings: $22,340
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Skiatook
We go over average solar pricing in Skiatook.
The average cost of a solar system in Skiatook is 2.62 per watt. Using this figure, a typical 8.7-kW system would cost about $15,882 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Skiatook homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Skiatook see about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Skiatook that can help you get a more accurate cost estimate for your home.
Solar savings over time in Skiatook
| Year | Return on Investment |
|---|---|
| 1 years | $-14,649 |
| 3 years | $-12,193 |
| 5 years | $-9,737 |
| 7 years | $-7,281 |
| 9 years | $-4,825 |
| 11 years | $-2,369 |
| 13 years | $87 |
| 15 years | $2,543 |
| 17 years | $4,999 |
| 19 years | $7,455 |
| 21 years | $9,912 |
| 23 years | $12,368 |
| 25 years | $14,824 |
Top Solar Installers in Skiatook
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make converting to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers near you:
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 Skiatook
Factors that Affect Solar Panel Costs in Skiatook
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Skiatook: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Skiatook, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly 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 model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid route because they decrease your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make switching to solar energy more accessible for Skiatook homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Skiatook, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $15,042 | 10.8 years |
| 8 kW | $2.67 | $14,965 | $20,350 | 10.6 years |
| 10 kW | $2.62 | $18,340 | $25,804 | 10.4 years |
| 12 kW | $2.57 | $21,568 | $31,405 | 10.2 years |
| 14 kW | $2.52 | $24,649 | $37,153 | 10.0 years |
| 16 kW | $2.46 | $27,583 | $43,047 | 9.8 years |
| 18 kW | $2.41 | $30,371 | $49,089 | 9.6 years |
| 20 kW | $2.36 | $33,012 | $55,277 | 9.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you'd like plays a role in which installer you should opt for, since different companies have different panels.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past 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 Skiatook, OK Solar Cost FAQs
How much does it cost to install solar panels in Skiatook?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Skiatook?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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.
Do solar panels increase your home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt 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 a solar system."
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 how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.