Solar Panel Cost Guide in Slaughterville, OK (Mar 2023)
- Slaughterville Solar Installation Cost: $15,406
- 25-Year Savings: $23,456
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Slaughterville
See how much it might cost to switch to solar power in Slaughterville.
The average cost of a solar system in Slaughterville is 2.62 per watt. Because a 8.4-kW system is needed to cover the energy usage of a typical home in Slaughterville, the average price of going solar will be about $15,406 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of equipment you want, your solar contractor and more. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Slaughterville see about $18,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Slaughterville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,851 |
| 3 years | $-10,742 |
| 5 years | $-7,633 |
| 7 years | $-4,524 |
| 9 years | $-1,415 |
| 11 years | $1,694 |
| 13 years | $4,803 |
| 15 years | $7,911 |
| 17 years | $11,020 |
| 19 years | $14,129 |
| 21 years | $17,238 |
| 23 years | $20,347 |
| 25 years | $23,456 |
Top Solar Installers in Slaughterville
Installing solar panels on your own can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you're searching for a solar company in Slaughterville, the EcoWatch team has put together a list of our top suggestions here:
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 Slaughterville
Factors that Affect Solar Panel Costs in Slaughterville
For many Slaughterville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Slaughterville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly 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 determines the overall cost of going solar. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to think 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 researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Slaughterville offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can impact the cost. Slaughterville's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $16,308 | 10.3 years |
| 8 kW | $2.67 | $14,965 | $22,037 | 10.1 years |
| 10 kW | $2.62 | $18,340 | $27,914 | 9.9 years |
| 12 kW | $2.57 | $21,568 | $33,936 | 9.7 years |
| 14 kW | $2.52 | $24,649 | $40,106 | 9.5 years |
| 16 kW | $2.46 | $27,583 | $46,422 | 9.3 years |
| 18 kW | $2.41 | $30,371 | $52,885 | 9.1 years |
| 20 kW | $2.36 | $33,012 | $59,495 | 8.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which company you should choose, since different companies have different panels.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Slaughterville, OK Solar Cost FAQs
How much does it cost to install solar panels in Slaughterville?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Slaughterville?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Slaughterville is currently $118,511, which means you can expect a value of about $4,859 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Slaughterville is a worthwhile investment.
How many solar panels should I get to power 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 typically produce about 250 to 400 watt-hours per hour, the average home 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.