Solar Panel Cost Guide in Enid, OK (2024 Update)
- Enid Solar Installation Cost: $18,474
- 25-Year Savings: $23,902
- Payback Period: 11.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Enid
Find out what the average cost of solar panels are in Enid.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Enid, the typical cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Enid, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $18,474, or $26,418 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Enid depending on several factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront investment in solar is worth paying. On average Enid homeowners see about $18,000 in savings on electricity bills over 20 years.
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 Enid
| Year | Return on Investment |
|---|---|
| 1 years | $-17,265 |
| 3 years | $-14,846 |
| 5 years | $-12,428 |
| 7 years | $-10,010 |
| 9 years | $-7,591 |
| 11 years | $-5,173 |
| 13 years | $-2,755 |
| 15 years | $-336 |
| 17 years | $2,082 |
| 19 years | $4,500 |
| 21 years | $6,918 |
| 23 years | $9,337 |
| 25 years | $11,755 |
Top Solar Installers in Enid
Although you can install solar panels on your own, it requires extra effort and expertise. Because of that, almost all homeowners choose to hire a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your home.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Enid
Factors that Affect Solar Panel Costs in Enid
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Enid: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,130. The type of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Enid, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $14,341 | 12.2 years |
| 8 kW | $3.19 | $17,879 | $19,471 | 12.0 years |
| 10 kW | $3.13 | $21,910 | $24,778 | 11.7 years |
| 12 kW | $3.07 | $25,766 | $30,259 | 11.5 years |
| 14 kW | $3.00 | $29,447 | $35,916 | 11.3 years |
| 16 kW | $2.94 | $32,953 | $41,747 | 11.0 years |
| 18 kW | $2.88 | $36,283 | $47,755 | 10.8 years |
| 20 kW | $2.82 | $39,438 | $53,937 | 10.6 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 efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should go with, since different companies have access to different panels.
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 Enid, OK Solar Cost FAQs
How much does it cost to install solar panels in Enid?
The average cost of solar panels in Enid 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Enid?
A solar panel system isn’t free in Enid, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Enid?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Enid?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.