Solar Panel Cost Guide in Tonkawa, OK (Mar 2023)
- Tonkawa Solar Installation Cost: $15,662
- 25-Year Savings: $25,912
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tonkawa
Find out what the average cost of solar panel installation is in Tonkawa.
The national average cost of solar panels is $2.66 per watt, but in Tonkawa it's 2.62 per watt. Because a 8.5-kW system is needed to cover the energy needs of a typical home in Tonkawa, the average price of going solar will be about $15,662 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you may look different based on factors unique to your home and what company you go with. With average savings of about $18,000 on utility bills over 20 years, many homeowners in Tonkawa find going solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a personalized quote.
Solar savings over time in Tonkawa
| Year | Return on Investment |
|---|---|
| 1 years | $-13,999 |
| 3 years | $-10,673 |
| 5 years | $-7,348 |
| 7 years | $-4,022 |
| 9 years | $-696 |
| 11 years | $2,630 |
| 13 years | $5,956 |
| 15 years | $9,282 |
| 17 years | $12,608 |
| 19 years | $15,934 |
| 21 years | $19,260 |
| 23 years | $22,586 |
| 25 years | $25,912 |
Top Solar Installers in Tonkawa
Installing solar panels yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
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 Tonkawa
Factors that Affect Solar Panel Costs in Tonkawa
There are many criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately assess 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 — are more expensive upfront but also tend to offer higher efficiency. In a city like Tonkawa, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Tonkawa homeowners opt to finance their solar panel systems to offset upfront costs. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Tonkawa, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $17,751 | 9.8 years |
| 8 kW | $2.67 | $14,965 | $23,961 | 9.6 years |
| 10 kW | $2.62 | $18,340 | $30,319 | 9.4 years |
| 12 kW | $2.57 | $21,568 | $36,822 | 9.2 years |
| 14 kW | $2.52 | $24,649 | $43,473 | 9.0 years |
| 16 kW | $2.46 | $27,583 | $50,270 | 8.9 years |
| 18 kW | $2.41 | $30,371 | $57,214 | 8.7 years |
| 20 kW | $2.36 | $33,012 | $64,305 | 8.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- 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.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
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 Tonkawa, OK Solar Cost FAQs
What is the average cost of installing solar panels in Tonkawa?
This is a hard question to answer precisely, 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Tonkawa?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $973.17 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.