Solar Panel Cost Guide in Kingfisher, OK (2024 Update)
- Kingfisher Solar Installation Cost: $18,328
- 25-Year Savings: $24,196
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Kingfisher
Find out what the average cost of a solar system is in Kingfisher.
The national average cost of solar panels is $2.66 per watt, but in Kingfisher it’s 3 per watt.To cover the typical energy usage of the average home in Kingfisher, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,328, or $26,209 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Kingfisher homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the high initial cost, the average Kingfisher homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
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 Kingfisher
| Year | Return on Investment |
|---|---|
| 1 years | $-17,119 |
| 3 years | $-14,700 |
| 5 years | $-12,282 |
| 7 years | $-9,864 |
| 9 years | $-7,445 |
| 11 years | $-5,027 |
| 13 years | $-2,609 |
| 15 years | $-191 |
| 17 years | $2,228 |
| 19 years | $4,646 |
| 21 years | $7,064 |
| 23 years | $9,483 |
| 25 years | $11,901 |
Top Solar Installers in Kingfisher
Installing solar panels on your own can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Kingfisher
Factors that Affect Solar Panel Costs in Kingfisher
The cost of installing a solar system in Kingfisher can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,130 per kilowatt in Kingfisher.The brand of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Kingfisher to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact your pricing. Kingfisher’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $14,687 | 12.1 years |
| 8 kW | $3.19 | $17,879 | $19,933 | 11.8 years |
| 10 kW | $3.13 | $21,910 | $25,354 | 11.6 years |
| 12 kW | $3.07 | $25,766 | $30,951 | 11.4 years |
| 14 kW | $3.00 | $29,447 | $36,723 | 11.1 years |
| 16 kW | $2.94 | $32,953 | $42,670 | 10.9 years |
| 18 kW | $2.88 | $36,283 | $48,793 | 10.7 years |
| 20 kW | $2.82 | $39,438 | $55,091 | 10.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installer 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 things to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark 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 done and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 good reviews from past customers.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Kingfisher, OK Solar Cost FAQs
What is the average cost of installing solar panels in Kingfisher?
The average cost of solar panels in Kingfisher 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 use.
Can you get solar panels for free in Kingfisher?
You can’t get solar panels for free in Kingfisher. 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 prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $945.29 per year.
How long do solar panels last in Kingfisher?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.