Solar Panel Cost Guide in Tuttle, OK (2023 Update)
- Tuttle Solar Installation Cost: $15,222
- 25-Year Savings: $23,327
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Tuttle
Find out how much it might cost to switch to solar power in Tuttle.
The national average cost of solar panels is $2.66 per watt, but in Tuttle it's 2.62 per watt. Using this figure, a typical 8.3-kW system would cost about $15,222 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Tuttle homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the high upfront cost, the average Tuttle homeowner can save around $18,000 on their power bills over 20 years, which is one of the positives of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Tuttle
| Year | Return on Investment |
|---|---|
| 1 years | $-13,680 |
| 3 years | $-10,596 |
| 5 years | $-7,512 |
| 7 years | $-4,429 |
| 9 years | $-1,345 |
| 11 years | $1,739 |
| 13 years | $4,823 |
| 15 years | $7,907 |
| 17 years | $10,991 |
| 19 years | $14,075 |
| 21 years | $17,159 |
| 23 years | $20,243 |
| 25 years | $23,327 |
Top Solar Installers in Tuttle
When making the switch to solar, many homeowners decide to use a solar company since installing a solar system yourself can be a challenging project. Plus, if you're not certain what type of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions for providers in Tuttle:
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 Tuttle
Factors that Affect Solar Panel Costs in Tuttle
There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Tuttle, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Tuttle is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services at different costs. Additionally, some companies in Tuttle know more about local solar incentives and can help you learn about 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 help you save 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 | $16,428 | 10.3 years |
| 8 kW | $2.67 | $14,965 | $22,198 | 10.1 years |
| 10 kW | $2.62 | $18,340 | $28,114 | 9.9 years |
| 12 kW | $2.57 | $21,568 | $34,177 | 9.7 years |
| 14 kW | $2.52 | $24,649 | $40,387 | 9.5 years |
| 16 kW | $2.46 | $27,583 | $46,744 | 9.3 years |
| 18 kW | $2.41 | $30,371 | $53,247 | 9.1 years |
| 20 kW | $2.36 | $33,012 | $59,897 | 8.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- 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 substantial role in the company you hire.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project completion timeline.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Tuttle, OK Solar Cost FAQs
How much does it cost to install solar panels in Tuttle?
This is a hard question to answer exactly, because the cost depends on a few different 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. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Tuttle?
Leasing solar panels can be an attractive choice, as 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 way to go if you want to get the most savings.
Do solar panels increase how much your home is worth?
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 Tuttle is currently $188,700, so you can look forward to a value of about $7,737 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Tuttle is a rewarding investment.
What solar power system size is right for 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 buy between 20 and 35 panels to cover 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.