Solar Panel Cost Guide in Idabel, OK (2024 Update)
- Idabel Solar Installation Cost: $19,054
- 25-Year Savings: $26,236
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Idabel
Here’s how much it might cost to switch to solar power in Idabel.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Idabel, the typical cost of solar panels is 3 per watt.The average solar panel system size in Idabel is around 8.7 kilowatts, meaning a cost of about $19,054 for a solar installation, or $27,247 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Idabel depending on several factors, such as the type of solar panels you choose and the solar installer you hire.Even with the large initial cost, the average Idabel homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the positives of solar.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Idabel
| Year | Return on Investment |
|---|---|
| 1 years | $-17,816 |
| 3 years | $-15,341 |
| 5 years | $-12,866 |
| 7 years | $-10,391 |
| 9 years | $-7,916 |
| 11 years | $-5,441 |
| 13 years | $-2,966 |
| 15 years | $-491 |
| 17 years | $1,984 |
| 19 years | $4,459 |
| 21 years | $6,934 |
| 23 years | $9,409 |
| 25 years | $11,884 |
Top Solar Installers in Idabel
Many homeowners choose to hire a solar panel installer since trying to install solar panels yourself can be a lot of work. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over time.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Idabel:
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 Idabel
Factors that Affect Solar Panel Costs in Idabel
The cost of installing a solar system in Idabel can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,130 per kilowatt in Idabel.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Idabel, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Idabel is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.Additionally, some companies in Idabel are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,433 | 11.7 years |
| 8 kW | $3.19 | $17,879 | $20,928 | 11.5 years |
| 10 kW | $3.13 | $21,910 | $26,598 | 11.3 years |
| 12 kW | $3.07 | $25,766 | $32,444 | 11.1 years |
| 14 kW | $3.00 | $29,447 | $38,465 | 10.8 years |
| 16 kW | $2.94 | $32,953 | $44,661 | 10.6 years |
| 18 kW | $2.88 | $36,283 | $51,032 | 10.4 years |
| 20 kW | $2.82 | $39,438 | $57,579 | 10.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Idabel, OK Solar Cost FAQs
What is the average cost of installing solar panels in Idabel?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Idabel?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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.