Solar Panels Cost 10k-19k in Durant, OK | October, 2024

Solar Panels Cost $10k-$19k in Durant, OK | October, 2024

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

On average, in Durant, OK in the month of October, 2024, the cost per watt for going solar is $3.11/W.

Stemming from this rate, we can conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,110 for installation. A 5 kW solar panel install in Durant averages approximately $10,885 after accounting for the 30% federal income tax credit. Remember, a more extensive system may be needed to fully meet your energy demands effectively.

By selecting your county on the left, you can find out the typical roof size and the maximum capacity for residential solar on homes in your area. The following summary, below, highlights the price, 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.
Durant: $10,885US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Durant: 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.
Durant: $13,953US Average: $15,784

Solar Potential in Durant

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

Roof size 644sq. ft.
Capacity 9kW DC
Electricity 11.8kkWh AC per yr.

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

On average, the electric bill for a Durant resident is $122.93, and they use 1,100 kWh each month. Apartments and compact residences with reduced energy consumption are included in this statistic.

Durant, OK's electricity rate is 11.18¢ per kWh in October 2024.

Typical electricity users in Durant may require a solar power system of 9 kW or larger to meet their entire electricity consumption needs. Installing a a 9 kW solar panel installation will cost around $27,990 before applying incentives, but with the federal income tax credit, you can get 30% back, bringing the total to $19,593.

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Average solar panel costs by system size in Durant

Presented on the left, you will find a price breakdown for various solar panel system sizes installed in Durant. A larger solar array will naturally cost more, but it will also provide higher electricity savings and higher income tax credits.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $122.93 in Durant. Swap the $122.93 with your average electricity bill for custom results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,885
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $75
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.02 tons a year
  • Equivalent to planting 139 trees a year
  • Equivalent to driving 7,471 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$13,062
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 3.62 tons a year
  • Equivalent to planting 166 trees a year
  • Equivalent to driving 8,965 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$15,239
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $105
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.23 tons a year
  • Equivalent to planting 194 trees a year
  • Equivalent to driving 10,459 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,416
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.83 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,954 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,615 a year
Est. Price
$19,593
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $123
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 4.96 tons a year
  • Equivalent to planting 228 trees a year
  • Equivalent to driving 12,290 mi less a year

Durant Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

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

A variety of utilities and governmental bodies in Oklahoma provide 2 solar rebate and incentive programs.

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 those expecting to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in Durant. If you install a 5 kW solar system in Durant, OK, you might save $18,618.2 over 20 years on average, with a break even point at approximately 7 years.

The cost of not having solar panels in Durant, OK

The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. As recent examples in the news have shown, total dependence on your utility provider is not always ideal.

The utilities in Durant have averaged about 1.2 outages per customer per year recently. The average length of an outage is 276.71 minutes. However, during significant events such as high winds, grid management errors, or planned maintenance, this duration can grow considerably.

A solar energy system, with or without a backup battery, could help reduce the effects of any future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Bryan County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Consumers often find that setting up a solar system that can fully cover their electric bill is extremely useful. This method leads to greater savings.

Make & Model - There are a variety of makes and models of solar panels. Because the installer you select might have specific brand preferences, choosing a reputable installer is especially important. For consumers wanting a superior long-term experience, opting for better quality models is important.

Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for valid reasons. Although the cost is higher, they provide more energy. The majority of installers use these panels.

Your Property - Every home and property differs in its own way. Challenges like sloped land, trees, or other hindrances can increase the difficulty of installing solar panels. Many solar installers now are able to leverage satellite imagery to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Companies that invest in higher wages usually see higher reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which vary by area. Good local installers will build these figures into your preliminary 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 Durant?

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.

Durant, OK Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Durant, OK is $3.11/W. A 5 kW solar panel system will cost you around $10,885 in Durant, OK after the federal tax credit is applied.

  • There are 2 rebates and incentives available in Oklahoma from a range of utility providers and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Many installers work with financing partners and will include this information in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Durant, OK is 7 years, with expected savings of $18,618.2 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01