Solar Panel Cost Guide in Okmulgee, OK (2024 Update)
- Okmulgee Solar Installation Cost: $18,930
- 25-Year Savings: $22,646
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Okmulgee
Find out how much it might cost to make the switch to solar in Okmulgee.
The average cost of a solar panel system in Okmulgee is 3 per watt.Because a 8.6-kW system is needed to cover the energy costs of a typical home in Okmulgee, the average price of going solar will be about $18,930 after claiming the federal solar tax credit of 0.
These figures are only averages, and how much solar costs for you may differ based on your specific situation and what company you want to go with.With average savings of about $17,000 on power bills over 20 years, many homeowners in Okmulgee find investing in solar can pay off big.
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 Okmulgee
| Year | Return on Investment |
|---|---|
| 1 years | $-17,721 |
| 3 years | $-15,302 |
| 5 years | $-12,884 |
| 7 years | $-10,466 |
| 9 years | $-8,048 |
| 11 years | $-5,629 |
| 13 years | $-3,211 |
| 15 years | $-793 |
| 17 years | $1,626 |
| 19 years | $4,044 |
| 21 years | $6,462 |
| 23 years | $8,880 |
| 25 years | $11,299 |
Top Solar Installers in Okmulgee
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your switch to solar power much easier. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
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 Okmulgee
Factors that Affect Solar Panel Costs in Okmulgee
For many Okmulgee homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Okmulgee, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,130 per kilowatt in Okmulgee.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Okmulgee, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total 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 finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Okmulgee, and each can charge varying amounts for labor and equipment.Additionally, some companies in Okmulgee have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $13,058 | 12.8 years |
| 8 kW | $3.19 | $17,879 | $17,762 | 12.5 years |
| 10 kW | $3.13 | $21,910 | $22,641 | 12.3 years |
| 12 kW | $3.07 | $25,766 | $27,694 | 12.0 years |
| 14 kW | $3.00 | $29,447 | $32,924 | 11.8 years |
| 16 kW | $2.94 | $32,953 | $38,328 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,908 | 11.3 years |
| 20 kW | $2.82 | $39,438 | $49,663 | 11.1 years |
How to Save on Solar Panels
There are many companies to choose from in Okmulgee, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Okmulgee, OK Solar Cost FAQs
What is the average cost of installing solar panels in Okmulgee?
This is a hard question to answer precisely, because the cost depends on many 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Okmulgee?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Okmulgee?
Each state has some kind 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 electricity bills.
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 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.