Solar Panels Cost 6.7k-15k in Anadarko, OK | October, 2024

Solar Panels Cost $6.7k-$15k in Anadarko, OK | October, 2024

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How much do solar panels cost in Anadarko, OK in 2024?

For the month of October, 2024, the price per watt for solar panel systems in Anadarko, OK is $3.2/W, on average.

In other words, solar panel installations will cost you about $3,200 per 1 kW (or 1000 watts) of production capacity. When you subtract the 30% federal tax credit, you will pay around $11,200 for a 5 kW panel install in Anadarko. However, a 5kW system may not be big enough to ensure your energy needs are met.

To the left, you can select your county to find out the average roof size and the maximum capacity of solar panels for houses in your area. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Anadarko: $11,200US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Anadarko: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Anadarko: $13,822US Average: $15,784

Solar Potential in Anadarko

Estimated system size and solar electricity production per median viable roof in
Anadarko.

Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 15.5kkWh AC per yr.

Electricity Costs in Anadarko, OK & What that Means for Your Solar Panel Pricing

The average electricity bill in Anadarko, for a usage of 949 kWh per month, is $124.26. This figure also factors in the energy needs of apartments and smaller dwellings.

In October 2024, the average electricity rate in Anadarko, OK amounts to 13.09¢ per kWh.

In Anadarko, average users will require a system size of 7 kW or greater to fully meet their entire energy usage requirements. The cost of a a 7 kW solar system is approximately $22,400 initially, but the federal tax credit provides a 30% credit, reducing your total to $15,680.

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Average solar panel costs by system size in Anadarko

Presented on the left, you will find a cost summary for different solar panel system sizes installed in Anadarko. The bigger the solar array, the larger the initial expense, but also the greater electricity savings and income tax credits you'll receive.

The breakdown of costs and benefits for solar panels, displayed in the calculator below and to the right, is based on an average electric bill of $124.26 in Anadarko. For more specific results, just change the $124.26 with whatever your average electricity bill is.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $636 a year
Est. Price
$6,720
Savings from a 3kWthis system
  • Est. yearly production 4,894 kWh
  • Est. monthly savings $53
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 3.76 tons a year
  • Equivalent to planting 173 trees a year
  • Equivalent to driving 9,314 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $848 a year
Est. Price
$8,960
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $71
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 5.02 tons a year
  • Equivalent to planting 230 trees a year
  • Equivalent to driving 12,419 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,060 a year
Est. Price
$11,200
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $88
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 6.27 tons a year
  • Equivalent to planting 288 trees a year
  • Equivalent to driving 15,524 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,273 a year
Est. Price
$13,440
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $106
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 7.53 tons a year
  • Equivalent to planting 346 trees a year
  • Equivalent to driving 18,628 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,485 a year
Est. Price
$15,680
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $124
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 8.78 tons a year
  • Equivalent to planting 403 trees a year
  • Equivalent to driving 21,733 mi less a year

Anadarko Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing photovoltaic or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.

Almost all residents are eligible for the 30% federal income tax credit for residential solar, which makes it a viable option in various states in the country. State and local governments offer various programs to promote the switch to solar energy.

A total of 2 solar incentive and rebate programs are available in Oklahoma from various utilities and government organizations.

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?

For homeowners in Anadarko expecting to remain in their homes after the payback period for solar panels, solar energy is a sensible choice. A 5 kW system in Anadarko, OK will help you save the average homeowner, on average, $18,622.4 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Anadarko, OK

Apart from the savings noted earlier, failing to install solar panels or an alternative energy backup leads to you being wholly dependent on your electric utility for power supply. Total dependence on your utility provider isn't always ideal, as recent examples in the news have demonstrated.

In recent times, the average number of utility outages per customer annually in Caddo County has been about 1.51. Typically, outages have an average duration of 188.83 minutes. However, during significant events such as wildfires, overloaded power grids, or wildlife damage, these times can drastically increase.

A solar panel system could lessen the inconvenience of future outages, even if it doesn't have a backup battery.

Power Outages

Currently, 0 customers are being tracked in Caddo County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Anadarko, OK?

Your Energy Needs - The price per watt reduces with larger solar panel systems, even though the upfront cost is higher. Setting up a solar system that produces sufficient electricity to offset their electric bill is advantageous to most homeowners, resulting in savings.

Make & Model - Like many other products, there are various makes and models of solar panels available. It's crucial to pick a highly rated contractor, considering the brand preferences that installers may have. Superior quality materials generally lead to a more favorable long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and deservedly so. Despite the higher price tag, these panels produce greater energy output. Many installation experts use panels constructed from this material.

Your Property - Each property and home presents unique challenges. Trees, sloped land, or other impediments may complicate the installation process. Nowadays, the most solar installers can assess your home with satellite images and incorporate these factors in the preliminary cost estimate.

Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Paying higher wages frequently results in businesses receiving better reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by area, will affect your installation cost. That said, quality local installers will be able to incorporate these numbers into your initial quotes so there are no surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Anadarko?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Engie North America

Houston, TX(713) 636-0000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Anadarko, OK Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Anadarko, OK is $3.2/W. Post federal tax credit, a 5 kW solar panel system installation in Anadarko, OK will roughly cost $11,200.

  • Various utility providers and government organizations in Oklahoma are offering 2 rebates and incentives at this time. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Even though paying cash offers the most savings, there are now numerous financing options for solar panels that also are cost-effective. Information about financing options is typically included in initial quotes provided by installers.

  • Yes, solar panels systems of 5 kW in Anadarko, OK typically have a payback period of 8years, with expected savings on electricity costs of $18,622.4 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01