Solar Panels Cost 10k-19k in Edmond, OK | August, 2024

Solar Panels Cost $10k-$19k in Edmond, OK | August, 2024

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

To go solar costs approximately $3.04 per watt in Edmond, OK in the month of August, 2024.

Expect the price to be $3,040, on average, for every 1 kW (or 1000 watts) of solar energy your solar panel system can produce. In Edmond, you will spend approximately $10,640 for a 5 kW solar system once the 30% federal income tax credit is factored in. Don't overlook, a more powerful system may be essential to fully meet your energy demands.

To the left,choose your area to view the typical roof size and the average maximum capacity of solar panels for homes in your county. Shown below is a summary of 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.
Edmond: $10,640US Average: $12,634
Average Payback Period The number of years until you break even on the solar investment.
Edmond: 7 yearsUS Average: 8 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Edmond: $13,859US Average: $15,248

Solar Potential in Edmond

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

Roof size 983sq. ft.
Capacity 13.75kW DC
Electricity 18.7kkWh AC per yr.

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

The average electric bill for an energy consumer in Edmond is $121.08 and the average number of kWh used each month per household is 1,115. This statistic also encompasses data from apartments and smaller residences, which typically have less energy consumption.

Edmond, OK's electricity rate averages 10.86¢ per kWh in August 2024.

To account for the electricity requirements of a typical consumer in Edmond, a solar power system of 9 kW or higher is essential. Upfront, a 9 kW solar installation is around $27,360, with the federal tax credit providing 30% back, lowering the cost to $19,152.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Edmond

On your left, you will see a thorough cost analysis for multiple solar panel system sizes set up in Edmond. As expected, with a larger solar system, there will be a larger initial investment, but the benefits are more electricity savings and more substantial income tax credits.

Check the solar panel cost calculator to the right and below to see the cost and benefit details based on an average $121.08 electric bill in Edmond. If you want tailored results, adjust the $121.08 to your usual electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $884 a year
Est. Price
$10,640
Savings from a 5kWthis system
  • Est. yearly production 8,036 kWh
  • Est. monthly savings $74
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.17 tons a year
  • Equivalent to planting 145 trees a year
  • Equivalent to driving 7,836 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,061 a year
Est. Price
$12,768
Savings from a 6kWthis system
  • Est. yearly production 9,644 kWh
  • Est. monthly savings $88
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.8 tons a year
  • Equivalent to planting 174 trees a year
  • Equivalent to driving 9,404 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,238 a year
Est. Price
$14,896
Savings from a 7kWthis system
  • Est. yearly production 11,251 kWh
  • Est. monthly savings $103
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.43 tons a year
  • Equivalent to planting 204 trees a year
  • Equivalent to driving 10,971 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,414 a year
Est. Price
$17,024
Savings from a 8kWthis system
  • Est. yearly production 12,858 kWh
  • Est. monthly savings $118
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.07 tons a year
  • Equivalent to planting 233 trees a year
  • Equivalent to driving 12,538 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,591 a year
Est. Price
$19,152
Savings from a 9kWthis system
  • Est. yearly production 14,466 kWh
  • Est. monthly savings $121
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.2 tons a year
  • Equivalent to planting 239 trees a year
  • Equivalent to driving 12,872 mi less a year

Edmond Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which renders switching to solar energy a practical choice in many regions of the U.S. Furthermore, numerous state and local programs aim to promote further adoption of solar energy.

There are 2 solar incentive and rebate initiatives in Oklahoma, provided by various utilities and governmental agencies.

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 planning to remain in their homes after the solar system's payback period, installing solar panels is a smart choice in Edmond. A 5 kW system in Edmond, OK will help you save the average homeowner, on average, $18,419.2 over a 20 period and the average break even point is 7 years.

The cost of not having solar panels in Edmond, OK

In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Several recent news reports have illustrated that total reliance on your utility is not always ideal.

Annually, customers in Edmond deal with about 0.67 outages. The average length of an outage is 45.17 minutes. However, during significant events such as landslides, grid management errors, or vandalism, this duration can grow considerably.

Even if it is without a backup battery, a solar panel system can reduce the stress of possible future outages.

Go Solar for less than your cell phone bill.

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

Your Energy Needs - The upfront cost for larger solar panel systems is higher, but the cost per watt reduces as the system size expands. A lot of people find it useful to install a solar energy system that can replace their entire electric bill. This ensures optimal savings.

Make & Model - Similar to other industries, the solar energy sector includes a range of solar panel brands and designs. The system preferences of your chosen installer can make it important to pick a highly rated company. The use of high-quality models can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and for valid reasons. They are associated with a higher price, but they produce more energy. Most solar panel installers opt for this type of material.

Your Property - Every property and home is distinct. Sloping terrain, trees, or other barriers can make the installation more difficult. Currently, many solar installers are able to utilize satellite images to evaluate your home and incorporate these aspects for the first cost estimate.

Labor Rates - The wages that companies give their employees vary, and these expenses are eventually passed on in consumer prices. Businesses typically receive higher reviews for their work and customer service when they pay higher wages.

Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.

Go Solar for less than your cell phone bill.

Who are the best solar installers in Edmond?

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.

Edmond, OK Solar Panel Cost FAQs

  • The cost per watt for solar panels in Edmond, OK during August of 2024 averages $3.04/W. After federal tax credits, the installation of a 5 kW solar panel system in Edmond, OK is estimated to cost $10,640.

  • Various utility providers and government organizations in Oklahoma are offering 2 rebates and incentives at this time. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Opting to pay in cash provides the highest savings, but there are now numerous financing options for solar panels that make financial sense. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, in Edmond, OK, the average payback period for 5 kW solar panels is 7 years, resulting in average electricity savings of $18,419.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-08-15