Solar Panel Cost Guide in Cushing, OK (2024 Update)
- Cushing Solar Installation Cost: $18,725
- 25-Year Savings: $22,207
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Cushing
We break down average solar pricing in Cushing.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cushing, the average cost of solar panels is 3 per watt.The average Cushing homeowner needs a 8.5-kilowatt system, which would cost about $18,725 with the federal tax credit, or $26,777 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more.Even with the significant upfront cost, the average Cushing homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a top solar company in Cushing, you can click the button below.
Solar savings over time in Cushing
| Year | Return on Investment |
|---|---|
| 1 years | $-17,515 |
| 3 years | $-15,097 |
| 5 years | $-12,679 |
| 7 years | $-10,261 |
| 9 years | $-7,842 |
| 11 years | $-5,424 |
| 13 years | $-3,006 |
| 15 years | $-587 |
| 17 years | $1,831 |
| 19 years | $4,249 |
| 21 years | $6,667 |
| 23 years | $9,086 |
| 25 years | $11,504 |
Top Solar Installers in Cushing
When making the switch to solar, many homeowners decide to use a solar company since putting up solar panels yourself can be a difficult project. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but working with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar installer in Cushing, we've compiled a list of our top suggestions here:
See all of the solar companies in Cushing
Factors that Affect Solar Panel Costs in Cushing
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 performs the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Cushing, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $3,130 for each additional kilowatt you need.The model of solar panels and equipment you get is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Cushing to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.It’s wise to include 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 off the loan.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $12,923 | 12.9 years |
| 8 kW | $3.19 | $17,879 | $17,581 | 12.6 years |
| 10 kW | $3.13 | $21,910 | $22,415 | 12.4 years |
| 12 kW | $3.07 | $25,766 | $27,423 | 12.1 years |
| 14 kW | $3.00 | $29,447 | $32,608 | 11.9 years |
| 16 kW | $2.94 | $32,953 | $37,967 | 11.6 years |
| 18 kW | $2.88 | $36,283 | $43,502 | 11.4 years |
| 20 kW | $2.82 | $39,438 | $49,211 | 11.1 years |
How to Save on Solar Panels
Since the brand 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 select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you’d like plays a role in which company you should choose, since different companies have access to different panels.
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
EcoWatch's Cushing, OK Solar Cost FAQs
How much does it cost to install solar panels in Cushing?
This is a hard question to answer precisely, because the cost depends on a few different 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider 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 goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Cushing have a net metering program?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.