Solar Panels Cost 8.8k-17k in McAlester, OK | October, 2024

Solar Panels Cost $8.8k-$17k in McAlester, OK | October, 2024

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

It averages out to $3.15 per watt to go solar in October, 2024 in McAlester, OK.

For every 1000 watts (1 kW) your solar panels can produce, you will need to spend, on average, $3,150 for its installation. Applying the 30% federal tax credit, the average expense for a 5 kW solar system in McAlester is approximately $11,025. Bear in mind that you may need a bigger system to satisfy your energy requirements.

Use the left-hand menu to select your area and see the typical roof size and the maximum capacity for residential solar on homes in your county. Below, you can see a complete outline of the costs, 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.
McAlester: $11,025US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
McAlester: 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.
McAlester: $17,123US Average: $15,784

Solar Potential in McAlester

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

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

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

The average electricity bill in McAlester, for a usage of 1,012 kWh per month, is $136.97. These numbers take into account apartments and smaller residences with lower energy needs.

For October 2024, the mean electricity rate in McAlester, OK is 13.54¢ per kWh.

To satisfy the electricity requirements of an average consumer in McAlester, a solar panel system of 8 kW or larger is a must. The starting price for an 8 kW solar system will be $25,200, but after a 30% tax credit, your cost is reduced to $17,640.

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Average solar panel costs by system size in McAlester

On the left side below, you'll find the cost breakdown for different sizes of the solar panel systems set up in McAlester. While a more extensive solar installation has a higher price, it also yields higher electricity savings and higher income tax credits.

The solar panel calculator, located below and to the right, gives a detailed cost and benefit analysis based on a typical $136.97 electric bill for McAlester. To get custom results, alter the $136.97 to reflect your usual electricity payment.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $914 a year
Est. Price
$8,820
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $76
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.85 tons a year
  • Equivalent to planting 131 trees a year
  • Equivalent to driving 7,065 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,142 a year
Est. Price
$11,025
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $95
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.57 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,831 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,370 a year
Est. Price
$13,230
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $114
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.28 tons a year
  • Equivalent to planting 197 trees a year
  • Equivalent to driving 10,597 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,599 a year
Est. Price
$15,435
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $133
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.99 tons a year
  • Equivalent to planting 229 trees a year
  • Equivalent to driving 12,363 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,827 a year
Est. Price
$17,640
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $137
  • Full payback in 11 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

McAlester Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farmlands might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Unsure if you're eligible? Verify your status with our REAP Grant eligibility tool.

Homeowners can benefit from a 30% federal income tax credit for adding residential solar panels, which makes solar power a feasible option throughout much of the country. Additionally, there are various state and local incentives to further push for the adoption of solar energy.

There are 2 solar incentive and rebate programs in Oklahoma, available by different utilities and governmental 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?

If you're planning to stay in your home past the period required to pay back your solar investment, installing solar panels is a good decision in McAlester. A 5 kW solar system in McAlester, OK might save you an average of $21,847.8 over 20 years, with the break even point typically being 7 years.

The cost of not having solar panels in McAlester, OK

Without solar panels or another backup power source, you lose out on the previously noted savings and are entirely dependent on your electric utility for electricity. As recent news articles have pointed out, total reliance on your utility provider isn't always ideal.

In recent years, McAlester has seen an average of 1.71 utility outages per customer each year. The average length of an outage is 277.02 minutes. In events like planned maintenance, equipment failure or thunderstorms, this duration can extend significantly.

Regardless of whether a backup battery is present, a solar panel system could reduce the impact of future power outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Pittsburg County.

Learn more

Customers Out:

0

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

Your Energy Needs - When opting for larger solar panel systems, the overall expense is larger; however, the cost per watt diminishes with an increase in system size. Setting up a solar panel system that can cover the electric bill is useful to consumers because of the reduced long-term costs.

Make & Model - There are a range of makes and models of solar panels and mounting equipment. Because the installer you select might have specific system preferences, selecting a highly rated contractor is even more important. The employment of high-quality materials is probably will yield a more positive long-term experience for buyers.

Solar Panel Type - It's not surprising that monocrystalline panels are now the industry standard. They are associated with a higher price, but they provide more energy. Most solar panel installers choose this kind of material.

Your Property - Things like trees, sloping terrain, or other impediments may cause the installation to be more challenging. By using satellite imagery, solar installers can now assess your home and factor in these factors into the first cost estimate.

Labor Rates - The varying wages that companies offer their employees lead to costs that are inevitably passed on to consumers. Companies often garner higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will impact your installation cost. Experienced 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 McAlester?

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.

McAlester, OK Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in McAlester, OK is $3.15/W. For a 5 kW solar panel system, the total cost in McAlester, OK after federal tax credits is around $11,025.

  • If you live in Oklahoma, you can find 2 rebates and incentives through different utilities and government agencies. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • While paying cash ensures the greatest savings, there are now numerous financing options for solar panels that are also cost-effective. Initial quotes from installers will frequently contain information about available financing options.

  • Yes, in McAlester, OK, the average time for 5 kW solar panel systems to pay for themselves is 7 years, leading to electricity savings of $21,847.8 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01