Solar Panel Cost Guide in Slaughterville, OK (2024 Update)
- Slaughterville Solar Installation Cost: $18,408
- 25-Year Savings: $23,453
- Payback Period: 11.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Slaughterville
See how much it might cost to install solar panels in Slaughterville.
The national average cost of solar panels is $2.66 per watt, but in Slaughterville it’s 3 per watt.The average Slaughterville homeowner needs a 8.4-kilowatt system, which would cost about $18,408 with the federal tax credit, or $26,323 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Slaughterville see about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Slaughterville for a quote for your home.
Solar savings over time in Slaughterville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,199 |
| 3 years | $-14,781 |
| 5 years | $-12,363 |
| 7 years | $-9,944 |
| 9 years | $-7,526 |
| 11 years | $-5,108 |
| 13 years | $-2,689 |
| 15 years | $-271 |
| 17 years | $2,147 |
| 19 years | $4,565 |
| 21 years | $6,984 |
| 23 years | $9,402 |
| 25 years | $11,820 |
Top Solar Installers in Slaughterville
Putting up solar panels by yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Another good thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
There are various licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Slaughterville
Factors that Affect Solar Panel Costs in Slaughterville
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Slaughterville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Slaughterville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Slaughterville provide solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $3.26 | $13,672 | $14,080 | 12.3 years |
| 8 kW | $3.19 | $17,879 | $19,124 | 12.1 years |
| 10 kW | $3.13 | $21,910 | $24,344 | 11.8 years |
| 12 kW | $3.07 | $25,766 | $29,738 | 11.6 years |
| 14 kW | $3.00 | $29,447 | $35,308 | 11.4 years |
| 16 kW | $2.94 | $32,953 | $41,053 | 11.1 years |
| 18 kW | $2.88 | $36,283 | $46,974 | 10.9 years |
| 20 kW | $2.82 | $39,438 | $53,069 | 10.7 years |
How to Save on Solar Panels
There are numerous companies available in Slaughterville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Slaughterville, OK Solar Cost FAQs
How much does it cost to install solar panels in Slaughterville?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Slaughterville?
Leasing solar panels can be an option if you can’t afford to 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 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 financial benefits from going solar.
Is it worth going solar in Slaughterville?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.