Solar Panels Cost $11k-$20k in Ada, OK | October, 2024
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How much do solar panels cost in Ada, OK in 2024?
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Going solar in the month of October, 2024 in Ada, OK costs $3.2/W.
Expect costs to be $3,200, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. We are able to come to this conclusion by using the rate price cost. In Ada, the cost of a 5 kW system is generally $11,200, after a 30% federal tax credit. A more powerful system could be needed to ensure your energy requirements are met.
To the left, you have the option to select your county and see the typical roof size along with the average maximum capacity for residential solar in homes in your area. Below is a detailed summary of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Ada: $11,200US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Ada: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Ada: $16,580US Average: $15,784
Solar Potential in Ada
Estimated system size and solar electricity production per median viable roof in Ada.
Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 15.5kkWh AC per yr.
Electricity Costs in Ada, OK & What that Means for Your Solar Panel Pricing
The typical energy consumer in Ada has a monthly electric bill of $135.75 and uses 1,180 kWh on average. Compact apartments are also encompassed in the numbers noted in the prior sentence. The lower energy use in these types of dwellings impacts those averages.
As of October 2024, the average rate for electricity per kWh in Ada, OK is 11.5¢.
In Ada, average users has to have a system size of 9 kW or greater to fully take care of all of their energy usage requirements. Before incentives, a 9 kW solar system is around $28,800, with the federal tax credit returning 30% of your investment amount, reducing the price to $20,160.
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Average solar panel costs by system size in Ada
To the left and below, you can find a detailed pricing breakdown for various solar panel system sizes installed in Ada. While a larger solar installation does come with a higher price tag, it also offers increased electricity savings and larger income tax credits.
Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $135.75 in Ada. Modify the $135.75 to your usual electricity bill payment for customized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $979 a year
Est. Price
$11,200
Savings from a 5kWthis system
Est. yearly production 8,157 kWh
Est. monthly savings $82
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 3.08 tons a year
Equivalent to planting 141 trees a year
Equivalent to driving 7,625 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,175 a year
Est. Price
$13,440
Savings from a 6kWthis system
Est. yearly production 9,788 kWh
Est. monthly savings $98
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 3.7 tons a year
Equivalent to planting 170 trees a year
Equivalent to driving 9,150 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,370 a year
Est. Price
$15,680
Savings from a 7kWthis system
Est. yearly production 11,420 kWh
Est. monthly savings $114
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 4.31 tons a year
Equivalent to planting 198 trees a year
Equivalent to driving 10,675 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,566 a year
Est. Price
$17,920
Savings from a 8kWthis system
Est. yearly production 13,051 kWh
Est. monthly savings $131
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 4.93 tons a year
Equivalent to planting 226 trees a year
Equivalent to driving 12,200 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,762 a year
Est. Price
$20,160
Savings from a 9kWthis system
Est. yearly production 14,683 kWh
Est. monthly savings $136
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 5.14 tons a year
Equivalent to planting 236 trees a year
Equivalent to driving 12,713 mi less a year
Ada Solar Panel Installation Incentives & Rebates | 2024
For rural farms and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing solar or wind energy systems. Curious if you fit this category? Confirm your eligibility with our REAP Grant eligibility tool.
Nearly all residents are eligible for the 30% federal income tax credit for residential solar, which makes it a practical option in many states in the country. In addition to the federal incentives, state and local programs also aim to boost solar energy uptake.
Oklahoma provides 2 solar rebates and incentives from multiple utility companies and government organizations.
Solar incentives in OKIncentive Description Value
Renewable Energy Goal
Value:Varies
The Energy Security Act effectively established a renewable portfolio standard to guide state energy investment. The Act required utilities in the state to generate at least 15% of their retail energy from renewable sources by 2015, but without stepped progress "checkpoints" or longer-term goals enumerated. In lieu of renewable energy credits, compliance with the standard goal was measured through annual reports sent to the Oklahoma legislature. Currently, 25.9% of retail energy in Oklahoma is generated renewably. The same legislation elevated the status of natural gas as the preferred fossil fuel for energy generation. Utilities that do not use natural gas are required to explain why they made that choice to the Oklahoma Corporation Commission.
Energy Standards for State Buildings
Value:Varies
Previously in Oklahoma, new state facilities were required to meet certain energy-efficient building standards and seek certification from the Office of Management and Enterprise Services. The statutes codifying this requirement were repealed in 2013. Oklahoma still sets energy efficiency standards at the state level for public and private buildings to follow at their choice. The state government may seek ENERGY STAR certification for buildings at its discretion.
Are solar panels worth it in Oklahoma?
If you foresee living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Ada. By installing a 5 kW solar system in Ada, OK, you can expect to save approximately $21,380 over 20 years, with the break even point typically being 7 years.
The cost of not having solar panels in Ada, OK
Failing to have solar panels or an alternative backup energy results in missing the savings mentioned earlier and being completely reliant on your electric utility for electricity. Numerous recent examples in the news have highlighted that complete reliance on your utility company is not always the best option.
In recent times, utilities in Oklahoma have recorded an average of 1.26 outages per customer annually. Typically, outages have an average duration of 142.83 minutes. However, during significant events such as thunderstorms, wildlife damage, or grid management errors, these times can drastically increase.
A solar panel system, whether or not it has a backup battery, could reduce the impact of future outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Pontotoc County.
Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is lowered as the system size grows. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is useful, providing significant savings.
Make & Model - Solar panels, like many other products, are available in various makes and models. Your contractor’s potential brand preferences make it crucial to choose a reputable contractor. For buyers desiring a more favorable long-term experience, investing in superior quality makes and models is critical.
Solar Panel Type - The standard in the industry is now monocrystalline panels, and justifiably so. These panels have a higher cost but yield more energy. The majority of installers in the industry work with panels constructed of this material.
Your Property - Trees, uneven landscapes, or other obstacles can increase the complexity of the installation. These days, solar installers can leverage satellite images to assess your home and factor in these factors into the first cost estimate.
Labor Rates - Companies compensate their employees in varying amounts, and these costs are borne by consumers. Companies that invest in higher wages often see higher reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by region, will influence your final installation cost. Reliable local installers will build these figures into your preliminary estimates to prevent any surprises.
The cost per watt for solar panels in Ada, OK during October of 2024 averages $3.2/W. After federal tax credits, the installation of a 5 kW solar panel system in Ada, OK is estimated to cost $11,200.
Currently, Oklahoma residents can benefit from 2 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.
Even though cash payments yield the greatest savings, several financing options for solar panels today are also financially beneficial. Information about financing options is typically included in initial quotes provided by installers.
Yes, in Ada, OK, 5 kW solar panel systems typically pay off in 7 years, and users save around $21,380 in electricity costs over 20 years.
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