Solar Panel Cost Guide in The Village, OK (2023 Update)
- The Village Solar Installation Cost: $15,461
- 25-Year Savings: $21,352
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in The Village
Let's have a look at the average cost of solar in The Village.
Although the national average of solar panels is $2.66 per watt, solar panels in The Village typically cost around 2.62. The average solar panel system size in The Village is around 8.4 kilowatts, meaning a cost of about $15,461 for a solar installation, or $22,109 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in The Village based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $17,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in The Village that can help you get a more accurate cost estimate for your home.
Solar savings over time in The Village
| Year | Return on Investment |
|---|---|
| 1 years | $-13,988 |
| 3 years | $-11,043 |
| 5 years | $-8,098 |
| 7 years | $-5,153 |
| 9 years | $-2,208 |
| 11 years | $737 |
| 13 years | $3,682 |
| 15 years | $6,627 |
| 17 years | $9,572 |
| 19 years | $12,517 |
| 21 years | $15,462 |
| 23 years | $18,407 |
| 25 years | $21,352 |
Top Solar Installers in The Village
Installing solar panels on your own can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. Another great thing about using a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you're on the hunt for a solar company in The Village, we've put together a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 The Village
Factors that Affect Solar Panel Costs in The Village
The cost of installing a solar system in The Village can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company 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 important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like The Village, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in The Village, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.72 | $11,444 | $14,744 | 10.9 years |
| 8 kW | $2.67 | $14,965 | $19,952 | 10.7 years |
| 10 kW | $2.62 | $18,340 | $25,307 | 10.5 years |
| 12 kW | $2.57 | $21,568 | $30,808 | 10.3 years |
| 14 kW | $2.52 | $24,649 | $36,457 | 10.1 years |
| 16 kW | $2.46 | $27,583 | $42,252 | 9.9 years |
| 18 kW | $2.41 | $30,371 | $48,193 | 9.7 years |
| 20 kW | $2.36 | $33,012 | $54,282 | 9.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in The Village, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should choose, since different companies offer different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: If you're concerned about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 The Village, OK Solar Cost FAQs
How much does it cost to install solar panels in The Village?
The average cost of solar panels in The Village 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in The Village?
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 don't have access to many solar incentives. Also your home 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.
How will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in The Village is currently $171,400, so you can expect a value of about $7,027 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in The Village is a worthwhile investment.
How long do solar panels last in The Village?
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.