Solar Panels Cost 4.3k-13k in Guymon, OK | October, 2024

Solar Panels Cost $4.3k-$13k in Guymon, OK | October, 2024

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

Having a solar system averages out to $3.12/W in Guymon, OK in October, 2024.

Said another way, solar panels will cost you $3,120 per 1 kW (or 1000 watts) of generation capacity. Subtracting the 30% federal tax credit, a 5 kW solar panel system in Guymon typically costs $10,920. Note that a more extensive system may be essential to fully meet your energy needs.

On the left-hand side, you can pick your county to see the average roof size and the maximum capacity for solar panels in residences in your area. Below, you can see a breakdown of 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.
Guymon: $10,920US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Guymon: 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.
Guymon: $15,722US Average: $15,784

Solar Potential in Guymon

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

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

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

Guymon's average monthly electric bill is $130.51, with consumers using an average of 799 kWh. Apartments and other smaller residences with reduced energy requirements are encompassed in this figure.

Guymon, OK's electricity rate is 16.33¢ per kWh in October 2024.

If you’re an average electricity consumer in Guymon, you will require a solar power system sized at 6 kW or larger to cover your electricity needs. At the moment, a 6 kW setup will set you back about $18,720initially, but thanks to the federal tax credit, you get a 30% reimbursement, bringing the cost down to $13,104.

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Average solar panel costs by system size in Guymon

Located below and to the left, there is the cost summary for multiple sizes of the solar panel systems set up in Guymon. A more extensive solar array will obviously cost more, but it will also provide higher electricity savings and higher income tax credits.

The solar panel calculator, positioned down and to the right, gives a detailed cost and benefit analysis based on a typical $130.51 electric bill for Guymon. By changing the $130.51 to your average electricity bill, you can get tailored results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $522 a year
Est. Price
$4,368
Savings from a 2kWthis system
  • Est. yearly production 3,263 kWh
  • Est. monthly savings $44
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 1.71 tons a year
  • Equivalent to planting 78 trees a year
  • Equivalent to driving 4,222 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $783 a year
Est. Price
$6,552
Savings from a 3kWthis system
  • Est. yearly production 4,894 kWh
  • Est. monthly savings $65
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.56 tons a year
  • Equivalent to planting 118 trees a year
  • Equivalent to driving 6,333 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,044 a year
Est. Price
$8,736
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $87
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.41 tons a year
  • Equivalent to planting 157 trees a year
  • Equivalent to driving 8,444 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,305 a year
Est. Price
$10,920
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $109
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.26 tons a year
  • Equivalent to planting 196 trees a year
  • Equivalent to driving 10,554 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,566 a year
Est. Price
$13,104
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $131
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 5.12 tons a year
  • Equivalent to planting 235 trees a year
  • Equivalent to driving 12,665 mi less a year

Guymon Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

The federal government offers a 30% tax credit for residential solar systems, rendering solar practical and sensible for a variety of homeowners. On top of that, there are many state and local incentives to further encourage the adoption of solar energy.

Oklahoma provides 2 solar rebates and incentives from different utility companies 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 Guymon who expect to stay in their residence beyond the solar payback period, solar panels make an smart investment. Over a 20 year time frame, a 5 kW solar system in Guymon, OK could save you around $20,402.4, with the average break even time being 7 years.

The cost of not having solar panels in Guymon, OK

Without solar panels or another backup power source, you miss out on the previously noted savings and are fully dependent on your electric utility for electricity. Many recent news reports have highlighted that complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Oklahoma is 1.26. On average, the length of an outage is 142.83 minutes. Major events like overloaded power grids, winter storms or vandalism can cause these durations to rise considerably.

A solar energy system, regardless of whether it has a backup battery or not, could help relieve the pressure of future power outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Texas County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Homeowners often find that installing a solar system that can replace their electric bill is highly beneficial. This method results in maximum savings.

Make & Model - Like other industries, the solar energy sector includes a range of solar panel brands and designs. The preferences for brand that your contractor has may make it crucial to choose a reputable installer. Opting for superior quality models can yield a greatly enhanced long-term experience for the buyer.

Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is higher, they deliver more energy. Many installers use these types of panels.

Your Property - Challenges like trees, sloping terrain, or additional considerations can increase the difficulty of installing solar panels. Solar installers currently typically use satellite imagery to evaluate your home and incorporate these factors into the initial cost estimate.

Labor Rates - The costs connected to the varying wages paid by companies to their employees are transferred to the consumers. Companies frequently garner higher reviews for their work and customer service when they offer better wages.

Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which change by area. Good local installers will incorporate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Guymon?

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.

Guymon, OK Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Guymon, OK is $3.12/W. Post federal tax credit, a 5 kW solar panel system installation in Guymon, OK will roughly cost $10,920.

  • Oklahoma offers 2 different rebates and incentives from a range of utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Cash payments offer the highest savings, yet several financing options now available for solar panels are financially beneficial as well. Installers will often include details on financing partners in the quotes they provide initially.

  • Yes, the average 5 kW solar panel payback period in Guymon, OK stands at 7 years, yielding average electricity savings of $20,402.4 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01