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

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

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

It costs approximately $3.12/W in Holdenville, OK in October, 2024 to have solar panels.

You should expect to pony up $3,120, on average, for every 1000 watts (or 1 kW) of solar energy your system will need to generate. After deducting the 30% federal tax credit, a 5 kW panel install in Holdenville generally costs $10,920. Depending on your electricity consumption habits, you might need a bigger system.

Select 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. You can review the price, payback period, and 20-year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Holdenville: $10,920US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Holdenville: 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.
Holdenville: $12,974US Average: $15,784

Solar Potential in Holdenville

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

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

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

The average monthly electricity cost for a Holdenville consumer is $119.06, with an average usage of 1,089 kWh. These statistics encompass apartments and other smaller housing units, which usually have reduced energy consumption.

The average electricity rate in Holdenville, OK in October 2024 is 10.93¢ per kWh.

To satisfy the electricity requirements of an average user in Holdenville, a solar panel system of 9 kW or more is essential. Upfront, a 9 kWsolar system costs about $28,080, with the 30% tax credit, the total comes down to $19,656.

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Average solar panel costs by system size in Holdenville

Displayed below and to the left, you will see a thorough price breakdown for various solar panel system sizes installed in Holdenville. As expected, a bigger solar system requires a greater upfront cost, but it also leads to greater electricity savings and more substantial income tax credits.

The solar panel cost calculator below and to the right analyzes costs and benefits, based on an average $119.06 electric bill in Holdenville Modify the $119.06 to your average electricity bill payment for more accurate results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,920
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 3.23 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,988 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$13,104
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 3.87 tons a year
  • Equivalent to planting 178 trees a year
  • Equivalent to driving 9,585 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$15,288
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 4.52 tons a year
  • Equivalent to planting 208 trees a year
  • Equivalent to driving 11,183 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,472
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 5.14 tons a year
  • Equivalent to planting 236 trees a year
  • Equivalent to driving 12,713 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,615 a year
Est. Price
$19,656
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $119
  • Full payback in 14 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

Holdenville Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar energy or wind turbines for rural small businesses and farms. If you think you might be in this category, we suggest verifying your qualification with our REAP Grant eligibility tool.

For those looking into residential solar options, a 30% federal income tax credit is commonly available, boosting the appeal and practicality of solar energy in various areas throughout the nation. Alongside federal incentives, there are many state and local efforts to support solar energy adoption.

Oklahoma features 2 solar rebate and incentive programs available from various utilities 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?

If your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a wise move in Holdenville. Over a 20 year time frame, a 5 kW solar system in Holdenville, OK could save you around $17,654.4, with the average break even time being 8 years.

The cost of not having solar panels in Holdenville, OK

Without solar panels or another backup power source, you lose out on the earlier mentioned savings and are fully dependent on your electric utility for electricity. As demonstrated by recent news, complete reliance on your utility isn't always the most favorable situation.

Normally, customers in Hughes County face around 1.39 outages. The average length of an outage is 218.34 minutes. In events like wildfires, planned maintenance, or aging infrastructure, this duration can extend significantly.

A solar energy system, whether it includes a backup battery or not, should help relieve the burden of future power outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Hughes County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems have a higher initial cost, the cost per watt decreases. Many homeowners find it advantageous to install a system that can produce enough electricity to fully cover the entirety of their electric bill. This math makes the most sense for maximum savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. Your installer’s brand preferences might require picking a reputable installer. Superior quality materials frequently result in a more satisfactory long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and justifiably so. Even though they are more expensive, they generate more energy. Many installers utilize panels crafted from this material.

Your Property - No two properties or homes are the same. Trees, irregular terrain, or other obstructions can make the installation process more challenging. With the use of satellite images, many solar installers nowadays can assess your home and include these elements into the first cost estimate.

Labor Rates - The varying wages that companies give their employees result in costs that are ultimately transferred to consumers. Higher wages generally correlate with better reviews for businesses' work and customer service.

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

See what solar panels cost in other OK cities

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Who are the best solar installers in Holdenville?

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.

Holdenville, OK Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Holdenville, OK has reached $3.12/W. Post federal tax credit, a 5 kW solar panel system installation in Holdenville, OK will roughly cost $10,920.

  • Right now, Oklahoma has 2 rebates and incentives available through a variety of utility companies and government entities. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also beneficial. Initial quotes from installers will frequently include information about available financing options.

  • Yes, in Holdenville, OK, 5 kW solar panel systems usually pay off in 8 years, providing an average electricity cost savings of $17,654.4 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01