Solar Panels Cost 8.3k-16k in Enid, OK | October, 2024

Solar Panels Cost $8.3k-$16k in Enid, OK | October, 2024

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

In Enid, OK in October, 2024, the current price per watt for solar panel installations is estimated at $2.99/W

In accordance with this rate, expect to pony up $2,990, on average, for every 1000 watts (or 1 kW) of solar energy your solar system can produce. In Enid, you can expect to spend approximately $10,465 for a 5 kW solar installation once the 30% federal income tax credit is factored in. It should be noted that a larger system could be necessary to adequately cover your energy requirements.

Choose your county from the menu on the left to find out the typical roof size and maximum solar panel capacity for homes in your area. Shown below is a breakdown 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.
Enid: $10,465US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Enid: 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.
Enid: $13,442US Average: $15,784

Solar Potential in Enid

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 13.3kkWh AC per yr.

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

In Enid, energy consumers usually see an average electric bill of $118.30 each month, with an average consumption of 1,085 kWh. Flats and other smaller residences with reduced energy requirements are included in this data.

The average rate for electricity in Enid, OK during October, 2024 is 10.91¢ per kWh.

Typical citizens in Enid may need a solar panel system of 8 kW or larger to cover their entire electricity consumption requirements. Before any incentives, an 8 kWsolar system is priced at approximately $23,920, after the 30% federal tax credit, the final cost is $16,744.

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Average solar panel costs by system size in Enid

Shown on the left and below is the cost analysis for multiple sizes of solar panel systems installed in Enid. The initial cost for more extensive solar systems is higher, but they also provide more significant electricity savings and larger income tax credits.

The solar panel cost calculator below and to the right details costs and benefits, using an average $118.30 electric bill in Enid For results that are more specific to you, modify the $118.30 to reflect your typical electricity bill.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,372
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 2.6 tons a year
  • Equivalent to planting 120 trees a year
  • Equivalent to driving 6,444 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,465
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 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,056 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$12,558
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 3.91 tons a year
  • Equivalent to planting 179 trees a year
  • Equivalent to driving 9,667 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$14,651
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 4.56 tons a year
  • Equivalent to planting 209 trees a year
  • Equivalent to driving 11,278 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$16,744
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $118
  • 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

Enid Solar Panel Installation Incentives & Rebates | 2024

If you own a plot or small business in a rural area, the REAP Grant might cover between 80% and 100% of your photovoltaic or wind turbine installation costs. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.

Adding residential solar panels comes with a 30% federal tax credit, available to most homeowners, making it a good option for many areas throughout the United States. Apart from the federal incentives, state and local programs also work to boost solar energy uptake.

A total of 2 solar incentive and rebate initiatives are available in Oklahoma from multiple utilities and government bodies.

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 in Enid looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. With a 5 kW solar system in Enid, OK, the average savings over a 20 period is $17,927, with break even generally occurring at 7 years.

The cost of not having solar panels in Enid, OK

Besides missing out on the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Recent news examples have indicated that complete dependence on your utility provider isn't always ideal.

Every year, customers in Garfield County face approximately 0.93 outages each year. Outages typically last for an average of 91.04 minutes. Major occurrences like hurricanes, wildlife damage, or grid management errors can lead to a significant rise in these time frames.

Whether it comes with a backup battery or not, a solar panel system could reduce the strain of any future power interruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Garfield County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt declines as the size of the system grows. Installing a solar system that makes sufficient electricity to eliminate their electric bill is beneficial to most individuals, ensuring savings.

Make & Model - Solar panels and mounting equipment, like many other products, are offered in a variety of makes and models. The brand preferences of your selected installer can make it crucial to choose a highly rated company. The selection of better equipment can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the industry standard, and it's easy to see why. Even with a higher cost, this technology generate more energy. Most installers opt for panels crafted using this material.

Your Property - Each property and home has its own characteristics. Factors such as uneven land, trees, or other obstacles can make the installation more challenging. These days, solar installers can utilize satellite images to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies remunerate their employees in varying amounts, and these costs are transferred to consumers. It is frequently observed that businesses with higher wages receive superior reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will be influenced by changing local permitting and utility interconnection fees. That said, quality local installers will be able to build these numbers into your initial quotes so there are no surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Enid?

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.

Enid, OK Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Enid, OK is $2.99/W. The installation of a 5 kW solar panel system in Enid, OK will cost about $10,465 after federal tax credits.

  • At present, there are 2 rebates and incentives available to Oklahoma residents from various utility and government programs. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Opting for cash payments results in the highest savings, but there are now multiple financing options for solar panels that are beneficial. Your initial quotes will often contain information about financing options provided by installers.

  • Yes, the average 5 kW solar panel payback time in Enid, OK is 7 years, with expected savings of $17,927 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01