Solar Panels Cost 8.9k-17k in Midwest City, OK | October, 2024

Solar Panels Cost $8.9k-$17k in Midwest City, OK | October, 2024

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How much do solar panels cost in Midwest City, OK in 2024?

The current cost per watt of solar panel systems in Midwest City, OK in October, 2024 is $3.19/W.

In accordance with this cost per watt, solar panel installations will cost you about $3,190 per 1K (or 1000 watts) of production capacity. After applying the 30% federal tax credit, a 5 kW system in Midwest City generally costs $11,165. Be aware that a higher capacity system could be needed to adequately cover your energy consumption.

To your left, you have the option to select your county and access information on the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a complete analysis 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.
Midwest City: $11,165US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Midwest City: 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.
Midwest City: $12,442US Average: $15,784

Solar Potential in Midwest City

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

Roof size 983sq. ft.
Capacity 13.75kW DC
Electricity 18.7kkWh AC per yr.

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

On average, Midwest City residents pay $118.30 for their electric bill each month and consume 1,085 kWh. Flats and small homes with lower energy consumption are covered in this number.

In October 2024, the average electricity rate in Midwest City, OK amounts to 10.91¢ per kWh.

If you’re a typical energy consumer in Midwest City, you will need a solar power system sized at 8 kW or more to meet all your electricity needs. Presently, an 8 kW solar panel system costs $17,864 when including the 30% federal income tax credit.

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Average solar panel costs by system size in Midwest City

To the left, we present a detailed pricing details for multiple solar panel system sizes set up in Midwest City. More extensive solar installations carry a greater cost, yet they also offer higher electricity savings and larger income tax credits.

In the solar panel cost calculator found down and to the right, you can view a cost and benefit breakdown to match an average $118.30electric bill in Midwest City. For a more detailed estimate, replace the $118.30 with your typical electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,932
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
$11,165
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 3.25 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
$13,398
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
$15,631
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 4.56 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
$17,864
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $118
  • Full payback in 13 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

Midwest City Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.

The 30% federal income tax credit for residential solar is accessible to almost all homeowners, making solar energy a good choice in numerous regions across the country. State and local governments have various programs to promote the switch to solar energy.

A total of 2 solar rebates and incentives are available in Oklahoma through multiple 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 Midwest City who expect to stay in their residence beyond the solar payback period, solar panels make an good investment. A 5 kW solar system in Midwest City, OK could potentially save you $17,227 over the course of 20 years, with the break even point averaging at 8 years.

The cost of not having solar panels in Midwest City, OK

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Many recent news articles have revealed that complete dependence on your utility isn't always the best option.

Customers in Oklahoma County have faced around 1 outages per year on average. Typically, outages have an average duration of 86.41 minutes. However, during significant events such as landslides, grid management errors, or wildlife damage, these times can drastically increase.

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

Power Outages

Currently, 0 customers are being tracked in Oklahoma County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Midwest City, OK?

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Most consumers see the usefulness in setting up a solar setup that can generate enough power to cover their entire electric bill, leading to significant savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in different makes and models. The installer you choose may have specific brand preferences, so it's crucial to choose a reputable installer. To ensure a better long-term experience, buyers should consider higher quality models.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even with a higher cost, this technology produce more energy. The majority of installers opt for panels crafted using this material.

Your Property - Uneven land, trees, or additional hindrances can make the installation process more challenging. Nowadays, many solar installers can leverage satellite imagery to assess your home and include these aspects into the initial cost estimate.

Labor Rates - The different wages that companies offer their employees result in costs that are ultimately passed on to consumers. Higher wages often lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other OK cities

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Who are the best solar installers in Midwest City?

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.

Midwest City, OK Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Midwest City, OK has reached $3.19/W. After federal tax credits, the installation of a 5 kW solar panel system in Midwest City, OK is estimated to cost $11,165.

  • At present, there are 2 rebates and incentives available to Oklahoma residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Paying cash will lead to the most savings, but these days there are several options for financing solar panels that make great money sense as well. Your initial quotes will often contain information about financing options provided by installers.

  • Yes, the average time to recoup the cost of 5 kW solar panels in Midwest City, OK is 8 years, with homeowners saving an average of $17,227 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01