Solar Panel Cost Guide in Sulphur, OK (2023 Update)
- Sulphur Solar Installation Cost: $15,532
- 25-Year Savings: $24,103
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sulphur
We break down average solar pricing in Sulphur.
The national average cost of solar panels is $2.66 per watt, but in Sulphur it's 2.62 per watt. Since a 8.5-kW system is needed to cover the energy needs of a typical home in Sulphur, the average price of going solar will be about $15,534 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 may look quite different based on your household energy use, the type of equipment you want, your solar contractor and more. For many homeowners, the upfront investment in solar power is worth paying. On average Sulphur homeowners see about $18,000 in savings on energy bills over 20 years.
To get a free quote from a vetted solar installation company in Sulphur, you can click the button below.
Solar savings over time in Sulphur
| Year | Return on Investment |
|---|---|
| 1 years | $-14,323 |
| 3 years | $-11,904 |
| 5 years | $-9,486 |
| 7 years | $-7,068 |
| 9 years | $-4,649 |
| 11 years | $-2,231 |
| 13 years | $187 |
| 15 years | $2,606 |
| 17 years | $5,024 |
| 19 years | $7,442 |
| 21 years | $9,860 |
| 23 years | $12,279 |
| 25 years | $14,697 |
Top Solar Installers in Sulphur
Although it's possible to install solar panels yourself, it takes extra energy and expertise. For that reason, almost all homeowners choose a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar installer in Sulphur, the EcoWatch team has organized 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
See all of the solar companies in Sulphur
Factors that Affect Solar Panel Costs in Sulphur
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Sulphur, one of the most crucial 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 gauge by looking at past electricity bills. Your total cost can increase by around $2,620 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Sulphur provide solar loans, which reduce the initial cost of installing solar panels. While solar loans make going solar more accessible for Sulphur homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Sulphur, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Sulphur have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,636 | 10.2 years |
| 8 kW | $2.67 | $14,965 | $22,475 | 10.0 years |
| 10 kW | $2.62 | $18,340 | $28,461 | 9.8 years |
| 12 kW | $2.57 | $21,568 | $34,593 | 9.6 years |
| 14 kW | $2.52 | $24,649 | $40,872 | 9.4 years |
| 16 kW | $2.46 | $27,583 | $47,298 | 9.2 years |
| 18 kW | $2.41 | $30,371 | $53,871 | 9.0 years |
| 20 kW | $2.36 | $33,012 | $60,590 | 8.8 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
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 Sulphur, OK Solar Cost FAQs
How much does it cost to install solar panels in Sulphur?
The average cost of solar panels in Sulphur 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Sulphur?
Solar panels aren't free in Sulphur, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sulphur is currently $141,700, so you can look forward to a value of about $5,810 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sulphur is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.