Solar Panel Cost Guide in Ada, OK (2024 Update)
- Ada Solar Installation Cost: $18,722
- 25-Year Savings: $23,578
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Ada
Here’s how much it might cost to make the switch to solar in Ada.
The national average cost of solar panels is $2.66 per watt, but in Ada it’s 3 per watt.Using this figure, a typical 8.5-kW system would cost about $18,722 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Ada depending on a few factors, such as the type of solar panels you choose and the solar company you hire.Even with the high upfront cost, the average Ada homeowner can save about $17,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar company in Ada for a personalized estimate.
Solar savings over time in Ada
| Year | Return on Investment |
|---|---|
| 1 years | $-17,513 |
| 3 years | $-15,095 |
| 5 years | $-12,676 |
| 7 years | $-10,258 |
| 9 years | $-7,840 |
| 11 years | $-5,422 |
| 13 years | $-3,003 |
| 15 years | $-585 |
| 17 years | $1,833 |
| 19 years | $4,252 |
| 21 years | $6,670 |
| 23 years | $9,088 |
| 25 years | $11,507 |
Top Solar Installers in Ada
Although it's possible to install solar panels yourself, it requires extra time and knowledge. That's why almost all homeowners choose a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Ada, optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. 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 Ada
Factors that Affect Solar Panel Costs in Ada
There are a number of criteria that can affect your solar panel 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
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ada, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Ada provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect the cost. Ada’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Ada know more about local solar incentives and can help you make good use 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 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 | $13,888 | 12.4 years |
| 8 kW | $3.19 | $17,879 | $18,868 | 12.2 years |
| 10 kW | $3.13 | $21,910 | $24,023 | 11.9 years |
| 12 kW | $3.07 | $25,766 | $29,353 | 11.7 years |
| 14 kW | $3.00 | $29,447 | $34,859 | 11.4 years |
| 16 kW | $2.94 | $32,953 | $40,540 | 11.2 years |
| 18 kW | $2.88 | $36,283 | $46,396 | 11.0 years |
| 20 kW | $2.82 | $39,438 | $52,428 | 10.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: If you’re concerned about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Ada, OK Solar Cost FAQs
What is the average cost of installing solar panels in Ada?
This is a hard question to answer exactly, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Ada?
A solar panel system isn’t free in Ada, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ada is currently $167,009, which means you can expect a value of about $6,847 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ada is a worthwhile investment.
How long do solar panels last in Ada?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.