Solar Panel Cost Guide in Mcloud, OK (Sep 2022)

  • Mcloud Solar Installation Cost: $15,571
  • 25-Year Savings: $22,661
  • Payback Period: 10.2 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 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 $11,523 after 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 National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

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 Size

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

Solar Incentives in Mcloud

Name Oklahoma Electric Cooperative - Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Mcloud, OK Solar Cost FAQs

What is the average cost of installing solar panels in Mcloud?

The average cost of solar panels in Mcloud 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.

Should I lease or buy solar panels in Mcloud?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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 bang for your buck from going solar.

Is switching to solar power worth it?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.

How long do solar panels last in Mcloud?

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 the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.

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