Solar Panel Cost Guide in Mcloud, OK (2023 Update)
- Mcloud Solar Installation Cost: $15,571
- 25-Year Savings: $22,661
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mcloud
We go over average solar pricing in Mcloud.
The national average cost of solar panels is $2.66 per watt, but in Mcloud it's 2.62 per watt. To account for the typical energy needs of the average home in Mcloud, most homeowners require a 8.5-kilowatt system. Using the figure above, a solar installation costs around $15,571, or $22,267 before the federal solar tax credit of 30% is applied.
The true price you pay can go higher or lower than the average in Mcloud depending on several factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the high initial cost, the average Mcloud homeowner can save around $17,000 on their energy bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Mcloud
| Year | Return on Investment |
|---|---|
| 1 years | $-14,041 |
| 3 years | $-10,983 |
| 5 years | $-7,924 |
| 7 years | $-4,866 |
| 9 years | $-1,807 |
| 11 years | $1,251 |
| 13 years | $4,310 |
| 15 years | $7,368 |
| 17 years | $10,427 |
| 19 years | $13,485 |
| 21 years | $16,544 |
| 23 years | $19,602 |
| 25 years | $22,661 |
Top Solar Installers in Mcloud
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels by yourself can be a lot of work. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
If you're looking for a solar company in Mcloud, we've put together a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Mcloud
Factors that Affect Solar Panel Costs in Mcloud
The cost of installing a solar system in Mcloud can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Mcloud, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,620 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Mcloud, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Mcloud homeowners opt to finance their solar panel systems to offset upfront costs. While solar loans make switching to solar energy more accessible for Mcloud homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Mcloud, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.72 | $11,444 | $15,565 | 10.6 years |
| 8 kW | $2.67 | $14,965 | $21,047 | 10.4 years |
| 10 kW | $2.62 | $18,340 | $26,676 | 10.2 years |
| 12 kW | $2.57 | $21,568 | $32,451 | 10.0 years |
| 14 kW | $2.52 | $24,649 | $38,374 | 9.8 years |
| 16 kW | $2.46 | $27,583 | $44,442 | 9.6 years |
| 18 kW | $2.41 | $30,371 | $50,658 | 9.4 years |
| 20 kW | $2.36 | $33,012 | $57,020 | 9.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- 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 project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Mcloud, OK Solar Cost FAQs
What is the average cost of installing solar panels in Mcloud?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,100 for a 5-kW system and $26,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Mcloud?
Solar panels aren't free in Mcloud, 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.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mcloud is currently $143,672, which means you can look forward to a value of about $5,891 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mcloud is a fruitful investment.
How often do you have to replace solar panels?
Even though 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 their energy production will have decreased significantly after that point. You can decide 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.