Solar Panel Cost Guide in Ada, OK (2023 Update)
- Ada Solar Installation Cost: $15,681
- 25-Year Savings: $23,569
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ada
Find out what the average cost of a solar system is in Ada.
While the national average of solar panels is $2.66 per watt, solar panels in Ada generally cost about 2.62. Since a 8.6-kW system is needed to cover the energy usage of a typical home in Ada, the average price of going solar will be about $15,681 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you want to go with. Many homeowners find going solar is a sound investment. The average homeowner in Ada can save around $17,000 on their power bills over 20 years.
Click the button below to get connected to a top solar panel company in Ada for a custom estimate.
Solar savings over time in Ada
| Year | Return on Investment |
|---|---|
| 1 years | $-14,111 |
| 3 years | $-10,971 |
| 5 years | $-7,831 |
| 7 years | $-4,691 |
| 9 years | $-1,551 |
| 11 years | $1,589 |
| 13 years | $4,729 |
| 15 years | $7,869 |
| 17 years | $11,009 |
| 19 years | $14,149 |
| 21 years | $17,289 |
| 23 years | $20,429 |
| 25 years | $23,569 |
Top Solar Installers in Ada
Although you can install solar panels by yourself, it takes extra time and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Ada, the EcoWatch team has compiled 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Ada
Factors that Affect Solar Panel Costs in Ada
The cost of installing a solar system in Ada can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant 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 pay about $2,620 per kilowatt in Ada. The model of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than 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 looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Ada, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Ada, and each can charge different amounts for labor and equipment. Additionally, some companies in Ada have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $2.72 | $11,444 | $16,116 | 10.4 years |
| 8 kW | $2.67 | $14,965 | $21,781 | 10.2 years |
| 10 kW | $2.62 | $18,340 | $27,593 | 10.0 years |
| 12 kW | $2.57 | $21,568 | $33,551 | 9.8 years |
| 14 kW | $2.52 | $24,649 | $39,657 | 9.6 years |
| 16 kW | $2.46 | $27,583 | $45,909 | 9.4 years |
| 18 kW | $2.41 | $30,371 | $52,308 | 9.2 years |
| 20 kW | $2.36 | $33,012 | $58,854 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should choose, since different companies offer different panels.
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Ada, OK Solar Cost FAQs
How much does it cost to install solar panels in Ada?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Ada?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $918.66 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.