Solar Panels Cost 8.5k-17k in Duncan, OK | October, 2024

Solar Panels Cost $8.5k-$17k in Duncan, OK | October, 2024

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

You'll pay around $3.04/W to go solar in Duncan, OK in October, 2024.

In accordance with the cost per watt, we are able to conclude that for every 1 kW (1000 watts) your solar panels can generate, you will have to spend $3,040 for its installation. With a 30% federal tax credit, the typical cost for a 5 kW solar panel system in Duncan is about $10,640. It's worth noting that a more powerful system might be necessary to fully meet your energy requirements.

To the left, you can select your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. Outlined below are 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.
Duncan: $10,640US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Duncan: 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.
Duncan: $12,467US Average: $15,784

Solar Potential in Duncan

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

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

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

For Duncan energy consumers, the average electric bill is $115.28 per month, with a usage of 1,051 kWh. This statistic also covers data from apartments and other smaller living spaces with less energy needs.

The electricity rate per kWh in Duncan, OK for October 2024 is on average 10.97¢.

To meet all of their electricity requirements of a typical user in Duncan, a solar power system of 8 kW or more is a must. At this time, an 8 kW solar panel installation costs $17,024 when including the 30% federal income tax credit.

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Average solar panel costs by system size in Duncan

Presented below and to the left, you will see a detailed price breakdown for multiple solar panel system sizes installed in Duncan. More extensive solar installations come with a larger expense, yet they also provide higher electricity savings and larger income tax credits.

In the calculator found down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $115.28 electric bill for Duncan. Simply change the $115.28 to your average electricity bill for customized results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,512
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $60
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.67 tons a year
  • Equivalent to planting 123 trees a year
  • Equivalent to driving 6,613 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,640
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $75
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.34 tons a year
  • Equivalent to planting 153 trees a year
  • Equivalent to driving 8,266 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$12,768
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $90
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.01 tons a year
  • Equivalent to planting 184 trees a year
  • Equivalent to driving 9,919 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$14,896
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $105
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.68 tons a year
  • Equivalent to planting 215 trees a year
  • Equivalent to driving 11,572 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,024
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $115
  • 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

Duncan Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Wondering about your eligibility? Use our REAP Grant eligibility tool to find out.

For residential solar projects, most people are eligible for the 30% federal income tax credit, which makes solar a practical solution in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

Oklahoma has 2 solar rebate and incentive initiatives offered by 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 Duncan looking to stay beyond the payback period of their solar system, solar panels are the best choice. A 5 kW solar system in Duncan, OK might save you an average of $17,027.2 over 20 years, with the break even point typically being 8 years.

The cost of not having solar panels in Duncan, OK

In addition to forgoing the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.

Annually, the average number of outages per customer in Duncan is about 2.19. On average, an outage lasts 240.71 minutes. When major events such as vandalism, overloaded power grids or tornadoes occur, these durations can increase significantly

Having a solar panel system, regardless of whether it has a backup battery, could relieve the pressure of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Stephens County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system grows. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.

Make & Model - There are a range of makes and models of solar panels. The preferences for brand that your contractor has may make it crucial to select a recommended contractor. For consumers seeking a better long-term experience, opting for higher quality materials is important.

Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. They are more expensive but provide more energy. Most professionals in solar installation use panels made from this material.

Your Property - Each home and property is unique in its own way. Uneven landscapes, trees, or other challenges may complicate the installation. Using satellite imagery, solar installers can currently assess your home and include these factors into the preliminary cost estimate.

Labor Rates - The different employee wages offered by companies result in costs that consumers eventually paying . Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be influenced by varying local permitting and utility interconnection fees. Reliable local installers will build these figures into your initial estimates to eliminate any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Duncan?

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.

Duncan, OK Solar Panel Cost FAQs

  • The average solar panel cost in Duncan, OK as of October, 2024 is estimated at $3.04/W. The installation of a 5 kW solar panel system in Duncan, OK will cost about $10,640 after federal tax credits.

  • Oklahoma offers 2 different rebates and incentives from a range of utilities and government organizations. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are beneficial. Installers will often provide details on financing partners in the quotes they provide initially.

  • Yes, in Duncan, OK, the average time for 5 kW solar panel systems to pay for themselves is 8 years, leading to electricity savings of $17,027.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01