Solar Panel Cost Guide in Anadarko, OK (2024 Update)
- Anadarko Solar Installation Cost: $18,025
- 25-Year Savings: $24,865
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Anadarko
Find out what the average cost of solar panel installation is in Anadarko.
While the national average of solar panels is $2.66 per watt, solar panels in Anadarko generally cost around 3.To account for the typical energy needs of the average home in Anadarko, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs around $18,025, or $25,776 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Anadarko based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Anadarko see about $19,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Anadarko that can help you get a more accurate cost estimate for your home.
Solar savings over time in Anadarko
| Year | Return on Investment |
|---|---|
| 1 years | $-16,754 |
| 3 years | $-14,214 |
| 5 years | $-11,674 |
| 7 years | $-9,134 |
| 9 years | $-6,593 |
| 11 years | $-4,053 |
| 13 years | $-1,513 |
| 15 years | $1,027 |
| 17 years | $3,567 |
| 19 years | $6,108 |
| 21 years | $8,648 |
| 23 years | $11,188 |
| 25 years | $13,728 |
Top Solar Installers in Anadarko
Many homeowners decide to use a solar installation company since trying to install solar panels by yourself can be a lot of work. The expertise that solar companies provide can be invaluable as well, especially if you aren’t sure what brand of solar equipment would be right for your home.
If you're searching for a solar company in Anadarko, we've organized a list of our top suggestions here:
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 Anadarko
Factors that Affect Solar Panel Costs in Anadarko
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Anadarko average.
Solar Financing Terms
Many homeowners find the average cost of solar in Anadarko to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Anadarko, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fits within your budget.
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 | $15,467 | 11.7 years |
| 8 kW | $3.19 | $17,879 | $20,973 | 11.5 years |
| 10 kW | $3.13 | $21,910 | $26,654 | 11.3 years |
| 12 kW | $3.07 | $25,766 | $32,511 | 11.1 years |
| 14 kW | $3.00 | $29,447 | $38,543 | 10.8 years |
| 16 kW | $2.94 | $32,953 | $44,750 | 10.6 years |
| 18 kW | $2.88 | $36,283 | $51,133 | 10.4 years |
| 20 kW | $2.82 | $39,438 | $57,691 | 10.2 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 Anadarko, OK Solar Cost FAQs
What is the average cost of installing solar panels in Anadarko?
This is a hard question to answer precisely, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, 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 upfront cost is a very important 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 be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last 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.