Solar Panels Cost 6.3k-14k in Collinsville, OK | October, 2024

Solar Panels Cost $6.3k-$14k in Collinsville, OK | October, 2024

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

On average, in Collinsville, OK in the month of October, 2024, the price per watt of solar systems is $3.01/W.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $3,010 to have it installed. In Collinsville, a 5 kW panel install will cost you, on average, $10,535 after the 30% federal income tax credit. However, a 5kW system might not be sufficient to meet your energy requirements.

To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Collinsville: $10,535US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Collinsville: 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.
Collinsville: $15,267US Average: $15,784

Solar Potential in Collinsville

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

Roof size 840sq. ft.
Capacity 11.75kW DC
Electricity 15kkWh AC per yr.

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

The typical electric bill for a Collinsville energy consumer is $126.32, with monthly usage typically at 878 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In October 2024, the average electricity rate in Collinsville, OK amounts to 14.39¢ per kWh.

In Collinsville, the average electricity user must have a solar power setup of 7 kW or higher to satisfy their full energy needs. Presently, a 7 kW solar system will be priced at around $21,070upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $14,749.

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Average solar panel costs by system size in Collinsville

Shown on the left side, you will find a comprehensive price breakdown of the different sizes of solar panel systems installed in Collinsville. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $126.32 in Collinsville. Swap the $126.32 with your typical electricity bill to get more detailed results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $685 a year
Est. Price
$6,321
Savings from a 3kWthis system
  • Est. yearly production 4,894 kWh
  • Est. monthly savings $57
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.33 tons a year
  • Equivalent to planting 107 trees a year
  • Equivalent to driving 5,761 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $914 a year
Est. Price
$8,428
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $76
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.1 tons a year
  • Equivalent to planting 143 trees a year
  • Equivalent to driving 7,681 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,142 a year
Est. Price
$10,535
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $95
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.88 tons a year
  • Equivalent to planting 178 trees a year
  • Equivalent to driving 9,602 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,370 a year
Est. Price
$12,642
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $114
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.65 tons a year
  • Equivalent to planting 214 trees a year
  • Equivalent to driving 11,522 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,599 a year
Est. Price
$14,749
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $126
  • Full payback in 10 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

Collinsville Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.

Oklahoma features 2 solar rebate and incentive initiatives provided by multiple 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?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Collinsville. Over a 20 year time frame, a 5 kW solar system in Collinsville, OK could save you approximately $19,781.8, with the average break even time being 7 years.

The cost of not having solar panels in Collinsville, OK

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Tulsa County is 1.38. The average length of an outage is 181.48 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Tulsa County.

Learn more

Customers Out:

0

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

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Collinsville?

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.

Collinsville, OK Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Collinsville, OK is $3.01/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Collinsville, OK is roughly $10,535.

  • Utilities and government agencies in Oklahoma are currently offering 2 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Collinsville, OK stands at 7 years, yielding average electricity savings of $19,781.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01