Solar Panel Cost Guide in Elk City, OK (2024 Update)
- Elk City Solar Installation Cost: $17,643
- 25-Year Savings: $29,947
- Payback Period: 9.9 Years
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Average Cost of Solar Panels in Elk City
Find out what the average cost of installing solar panels is in Elk City.
The average cost of a solar system in Elk City is 3 per watt.The average Elk City homeowner needs a 8.1-kilowatt system, which would cost about $17,643 with the federal tax credit, or $25,229 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on several factors, such as what size system you need, your energy consumption and what installation company you go with.With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Elk City find going solar can be quite rewarding.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Elk City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,405 |
| 3 years | $-13,930 |
| 5 years | $-11,455 |
| 7 years | $-8,980 |
| 9 years | $-6,505 |
| 11 years | $-4,031 |
| 13 years | $-1,556 |
| 15 years | $919 |
| 17 years | $3,394 |
| 19 years | $5,869 |
| 21 years | $8,344 |
| 23 years | $10,819 |
| 25 years | $13,294 |
Top Solar Installers in Elk City
Although it's possible to install solar panels on your own, it requires extra energy and expertise. For that reason, almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you go with a solar contractor as well, which can save you more money over time.
There are several licensed solar professionals that can help you install your solar panels. 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 Elk City
Factors that Affect Solar Panel Costs in Elk City
Although the average cost of a solar system in Elk City is $17,643, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $3,130 per kilowatt in Elk City.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
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 Elk City homeowners decide to finance their solar panel systems to offset upfront costs.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Companies that 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 find a company that provides the products, warranties and services you want 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 | $19,646 | 10.3 years |
| 8 kW | $3.19 | $17,879 | $26,545 | 10.1 years |
| 10 kW | $3.13 | $21,910 | $33,619 | 9.9 years |
| 12 kW | $3.07 | $25,766 | $40,869 | 9.7 years |
| 14 kW | $3.00 | $29,447 | $48,294 | 9.5 years |
| 16 kW | $2.94 | $32,953 | $55,894 | 9.3 years |
| 18 kW | $2.88 | $36,283 | $63,669 | 9.1 years |
| 20 kW | $2.82 | $39,438 | $71,620 | 8.9 years |
How to Save on Solar Panels
The company that does your solar system 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:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
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 Elk City, OK Solar Cost FAQs
How much does it cost to install solar panels in Elk City?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $15,650 for a 5-kW system and $31,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Elk City have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 how much 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 get 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.