Solar Panel Cost Guide in Altus, OK (2024 Update)
- Altus Solar Installation Cost: $17,485
- 25-Year Savings: $13,452
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Altus
Let’s have a look at the average cost of solar in Altus.
The average cost of solar panels in Altus is 3 per watt.To account for the typical energy usage of the average home in Altus, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs about $17,485, or $25,004 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Altus homeowners see about $21,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Altus
| Year | Return on Investment |
|---|---|
| 1 years | $-16,248 |
| 3 years | $-13,773 |
| 5 years | $-11,298 |
| 7 years | $-8,823 |
| 9 years | $-6,348 |
| 11 years | $-3,873 |
| 13 years | $-1,398 |
| 15 years | $1,077 |
| 17 years | $3,552 |
| 19 years | $6,027 |
| 21 years | $8,502 |
| 23 years | $10,977 |
| 25 years | $13,452 |
Top Solar Installers in Altus
Although you can install solar panels yourself, it takes extra effort and know-how. Because of that, the majority of homeowners choose a solar panel installer. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Altus:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Altus
Factors that Affect Solar Panel Costs in Altus
For many Altus homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Altus, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,130.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Altus, 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Altus homeowners choose to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Altus, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $20,179 | 10.1 years |
| 8 kW | $3.19 | $17,879 | $27,256 | 9.9 years |
| 10 kW | $3.13 | $21,910 | $34,508 | 9.7 years |
| 12 kW | $3.07 | $25,766 | $41,936 | 9.5 years |
| 14 kW | $3.00 | $29,447 | $49,539 | 9.3 years |
| 16 kW | $2.94 | $32,953 | $57,317 | 9.1 years |
| 18 kW | $2.88 | $36,283 | $65,270 | 8.9 years |
| 20 kW | $2.82 | $39,438 | $73,399 | 8.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- 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 such as a system component breaking or if the company goes out of business.
- Reputation: Make sure your solar 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 the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Altus, OK Solar Cost FAQs
How much does it cost to install solar panels in Altus?
The average cost of solar panels in Altus is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 uses 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 house 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.