Solar Panels Cost 8.6k-17k in El Reno, OK | October, 2024

Solar Panels Cost $8.6k-$17k in El Reno, OK | October, 2024

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How much do solar panels cost in El Reno, OK in 2024?

On average, in El Reno, OK in the month of October, 2024, the cost per watt for going solar is $3.08/W.

In accordance with this cost, we can come to the conclusion that for every 1000 watts (1 kW) of solar power capacity will require an investment of $3,080 for installation. Typically, the cost for a 5 kW solar panel system in El Reno, after you subtract 30% federal tax credit, is $10,780. Please note that a larger system could be needed to satisfy your energy needs.

To the left, you can select a county to view the average roof size and the average maximum generation capacity for residential solar on homes in your area. Outlined below are the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
El Reno: $10,780US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
El Reno: 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.
El Reno: $13,244US Average: $15,784

Solar Potential in El Reno

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

Roof size 1,019sq. ft.
Capacity 14.25kW DC
Electricity 19.8kkWh AC per yr.

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

In El Reno, energy consumers usually see an average electric bill of $119.35 each month, with an average consumption of 1,078 kWh. It is important to note that this number also encompasses smaller residences like apartments, which usually use lower energy.

For October 2024, the mean electricity rate in El Reno, OK is 11.07¢ per kWh.

To cover all of their power consumption needs of a typical user in El Reno, a solar system of 8 kW or higher is necessary. The initial cost for an 8 kW solar system amounts to $24,640, but after receiving a 30% federal tax credit, your total comes down to $17,248.

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Average solar panel costs by system size in El Reno

Presented on the left and below is the price breakdown for different sizes of solar panel systems set up in El Reno. Although a bigger solar installation comes with a greater cost, it also offers higher electricity savings and more substantial income tax credits.

The solar panel cost and benefit breakdown, visible in the calculator to the right and below, is based on an average electric bill of $119.35 in El Reno. If you desire customized results, modify the $119.35 to your average electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,624
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 2.55 tons a year
  • Equivalent to planting 117 trees a year
  • Equivalent to driving 6,315 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,780
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 3.19 tons a year
  • Equivalent to planting 146 trees a year
  • Equivalent to driving 7,894 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$12,936
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 3.83 tons a year
  • Equivalent to planting 176 trees a year
  • Equivalent to driving 9,473 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$15,092
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 4.46 tons a year
  • Equivalent to planting 205 trees a year
  • Equivalent to driving 11,051 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,248
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $119
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.08 tons a year
  • Equivalent to planting 233 trees a year
  • Equivalent to driving 12,563 mi less a year

El Reno 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. 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 turns installing solar energy a sensible choice in numerous regions of the U.S. Additionally, there are numerous state and local incentives to further encourage the adoption of solar energy.

In Oklahoma, various utilities and government agencies offer 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 planning to remain in their homes after the solar system's payback period, installing solar panels is a clear choice in El Reno. Having a 5 kW solar system in El Reno, OK can potentially save you roughly $17,864 over a span of 20 years, with an average break even point of 8 years.

The cost of not having solar panels in El Reno, OK

In addition to forgoing the savings, the absence of solar panels or another backup energy source leads to full dependence on your electric utility for your power needs. Complete reliance on your utility provider is not always ideal, as recent examples in the news have demonstrated.

In recent years, Canadian County has seen an average of 0.4 utility outages per customer each year. Outages generally last for an average of 31 minutes. During major occurrences like lightning strikes, grid management errors, or construction accidents, these times can extend significantly.

A solar panel system, regardless of whether it includes a backup battery or not, could lessen the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Canadian County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in El Reno, OK?

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is decreased. Setting up a solar panel system that can cover the electric bill is advantageous to consumers because of the savings gained.

Make & Model - Just like any other product, solar panels and mounting equipment are offered in a range of makes and models. Because the installer you choose might have particular system preferences, selecting a reputable installer is even more important. The selection of superior makes and models can greatly better the long-term experience for buyers.

Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Despite the higher price tag, these panels generate greater energy output. The majority of installation experts use panels constructed from this material.

Your Property - No two properties or homes are the same. Trees, irregular terrain, or additional hurdles can make the installation process more challenging. Today, many solar installers can assess your home with satellite images and factor in these considerations in the initial cost estimate.

Labor Rates - Companies pay varied wages to their employees, and these costs are inevitably passed on to the consumers. Businesses paying higher wages typically receive better reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Reputable local installers will include these figures in your initial estimates to ensure transparency.

See what solar panels cost in other OK cities

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Who are the best solar installers in El Reno?

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.

El Reno, OK Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in El Reno, OK is $3.08/W. A 5 kW solar panel system will cost you around $10,780 in El Reno, OK after the federal tax credit is applied.

  • Currently, Oklahoma residents can benefit from 2 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are cost-effective. Financing details are often provided by installers and may be included in your initial quotes.

  • Yes, on average, 5 kW solar panels in El Reno, OK pay for themselves in 8 years, with homeowners saving approximately $17,864 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01