Solar Panel Cost Guide in Edmond, OK (2024 Update)
- Edmond Solar Installation Cost: $18,479
- 25-Year Savings: $22,786
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Edmond
We break down average solar pricing in Edmond.
While the national average of solar panels is $2.66 per watt, solar panels in Edmond typically cost about 3.The average solar panel system size in Edmond is around 8.4 kilowatts, meaning a cost of about $18,479 for a solar installation, or $26,425 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Edmond find going solar can pay off big.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Edmond
| Year | Return on Investment |
|---|---|
| 1 years | $-17,270 |
| 3 years | $-14,852 |
| 5 years | $-12,434 |
| 7 years | $-10,015 |
| 9 years | $-7,597 |
| 11 years | $-5,179 |
| 13 years | $-2,760 |
| 15 years | $-342 |
| 17 years | $2,076 |
| 19 years | $4,495 |
| 21 years | $6,913 |
| 23 years | $9,331 |
| 25 years | $11,749 |
Top Solar Installers in Edmond
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar company can make switching to solar power much easier. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Edmond
Factors that Affect Solar Panel Costs in Edmond
Though the average cost of a solar system in Edmond is $18,479, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of 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 need 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.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Edmond average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Edmond, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also is 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 | $13,542 | 12.6 years |
| 8 kW | $3.19 | $17,879 | $18,406 | 12.3 years |
| 10 kW | $3.13 | $21,910 | $23,446 | 12.1 years |
| 12 kW | $3.07 | $25,766 | $28,661 | 11.8 years |
| 14 kW | $3.00 | $29,447 | $34,051 | 11.6 years |
| 16 kW | $2.94 | $32,953 | $39,616 | 11.4 years |
| 18 kW | $2.88 | $36,283 | $45,357 | 11.1 years |
| 20 kW | $2.82 | $39,438 | $51,273 | 10.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Edmond, OK Solar Cost FAQs
How much does it cost to install solar panels in Edmond?
The average cost of solar panels in Edmond is about $15,650 for a 5-kW system and $31,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Edmond?
Leasing solar panels can be an option if you can’t pay upfront or secure 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 property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 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.