Solar Panel Cost Guide in Holdenville, OK (2024 Update)
- Holdenville Solar Installation Cost: $18,851
- 25-Year Savings: $22,686
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Holdenville
We break down average solar pricing in Holdenville.
While the national average of solar panels is $2.66 per watt, solar panels in Holdenville generally cost about 3.The average solar panel system size in Holdenville is around 8.6 kilowatts, meaning a cost of about $18,851 for a solar installation, or $26,957 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.Despite the significant initial cost, the average Holdenville homeowner can save about $17,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Holdenville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,642 |
| 3 years | $-15,224 |
| 5 years | $-12,805 |
| 7 years | $-10,387 |
| 9 years | $-7,969 |
| 11 years | $-5,551 |
| 13 years | $-3,132 |
| 15 years | $-714 |
| 17 years | $1,704 |
| 19 years | $4,123 |
| 21 years | $6,541 |
| 23 years | $8,959 |
| 25 years | $11,377 |
Top Solar Installers in Holdenville
When switching to solar energy, many homeowners opt to use a solar company since putting up a solar system yourself can be a challenging project. Another great thing about using a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar company in Holdenville, we've compiled a list of our top suggestions here:
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 Holdenville
Factors that Affect Solar Panel Costs in Holdenville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Holdenville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make switching to solar energy more accessible for Holdenville homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining the cost. Holdenville’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $13,152 | 12.7 years |
| 8 kW | $3.19 | $17,879 | $17,887 | 12.5 years |
| 10 kW | $3.13 | $21,910 | $22,797 | 12.3 years |
| 12 kW | $3.07 | $25,766 | $27,882 | 12.0 years |
| 14 kW | $3.00 | $29,447 | $33,143 | 11.8 years |
| 16 kW | $2.94 | $32,953 | $38,578 | 11.5 years |
| 18 kW | $2.88 | $36,283 | $44,190 | 11.3 years |
| 20 kW | $2.82 | $39,438 | $49,976 | 11.0 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 select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
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 Holdenville, OK Solar Cost FAQs
What is the average cost of installing solar panels in Holdenville?
The average cost of solar panels in Holdenville 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.
Can you get solar panels for free in Holdenville?
You can’t get solar panels for free in Holdenville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Holdenville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
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 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.