Solar Panel Cost Guide in Cushing, OK (2023 Update)
- Cushing Solar Installation Cost: $15,674
- 25-Year Savings: $22,207
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cushing
We go over average solar pricing in Cushing.
The average cost of a solar panel system in Cushing is 2.62 per watt. Since a 8.6-kW system is needed to cover the energy consumption of a typical home in Cushing, the average price of going solar will be about $15,681 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Cushing depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on electricity bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cushing
| Year | Return on Investment |
|---|---|
| 1 years | $-14,464 |
| 3 years | $-12,046 |
| 5 years | $-9,628 |
| 7 years | $-7,210 |
| 9 years | $-4,791 |
| 11 years | $-2,373 |
| 13 years | $45 |
| 15 years | $2,464 |
| 17 years | $4,882 |
| 19 years | $7,300 |
| 21 years | $9,718 |
| 23 years | $12,137 |
| 25 years | $14,555 |
Top Solar Installers in Cushing
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be a labor-intensive endeavor. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:
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 Cushing
Factors that Affect Solar Panel Costs in Cushing
For many Cushing homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Cushing, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,620. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Cushing, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Cushing homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Cushing is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services at different price points. You may notice national solar installers that have lower prices because of 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 major players.
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 | $15,151 | 10.8 years |
| 8 kW | $2.67 | $14,965 | $20,494 | 10.6 years |
| 10 kW | $2.62 | $18,340 | $25,985 | 10.3 years |
| 12 kW | $2.57 | $21,568 | $31,622 | 10.1 years |
| 14 kW | $2.52 | $24,649 | $37,406 | 9.9 years |
| 16 kW | $2.46 | $27,583 | $43,336 | 9.7 years |
| 18 kW | $2.41 | $30,371 | $49,413 | 9.5 years |
| 20 kW | $2.36 | $33,012 | $55,637 | 9.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
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 Cushing, OK Solar Cost FAQs
What is the average cost of installing solar panels in Cushing?
The average cost of solar panels in Cushing is about $13,100 for a 5-kW system and $26,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Cushing?
Solar panels aren't free in Cushing, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cushing is currently $98,500, which means you can look forward to a value of about $4,038 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cushing is a fruitful investment.
How long do solar panels last in Cushing?
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 higher 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.