Solar Panels Cost 13k-22k in Newcastle, OK | October, 2024

Solar Panels Cost $13k-$22k in Newcastle, OK | October, 2024

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

To go solar in Newcastle, OK in the month of October, 2024 is around $3.16/W.

For every 1000 watts (1 kW) your solar system can produce, you will have to invest, on average, $3,160 for its installation. A 5 kW solar system in Newcastle will typically cost you $11,060 after the 30% federal tax credit. It's important to note that a larger system could be essential to fully meet your energy needs.

To the left, you have the option to select your county and find the typical roof size along with the average maximum capacity for solar panels in 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.
Newcastle: $11,060US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Newcastle: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Newcastle: $21,455US Average: $15,784

Solar Potential in Newcastle

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 20.4kkWh AC per yr.

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

Newcastle energy consumers typically use 1,281 kWh monthly, with an average monthly bill of $155.23. Small homes, including condos and bungalows, are also included in the numbers indicated in the previous sentence.

The average rate for electricity in Newcastle, OK in October, 2024 is 12.12¢ per kWh.

Typical energy users in Newcastle must have a solar panel system of 10 kW or higher to take care of their full electricity needs. After incentives, a 10 kW solar system costs around $22,120.

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Average solar panel costs by system size in Newcastle

Shown on the left side, you'll see a comprehensive cost summary of the various sizes of solar panel systems installed in Newcastle. Naturally, a bigger solar system implies a higher initial expense, but it also leads to greater electricity savings and more substantial income tax credits.

In the solar panel cost calculator located below and to the right, you can view a cost and benefit breakdown to match an average $155.23electric bill in Newcastle. For a more accurate estimate, swap the $155.23 with your usual electricity bill amount.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,175 a year
Est. Price
$13,272
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $98
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,292 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,370 a year
Est. Price
$15,484
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $114
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.85 tons a year
  • Equivalent to planting 223 trees a year
  • Equivalent to driving 12,007 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,566 a year
Est. Price
$17,696
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $131
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.54 tons a year
  • Equivalent to planting 255 trees a year
  • Equivalent to driving 13,722 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,762 a year
Est. Price
$19,908
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $147
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.24 tons a year
  • Equivalent to planting 286 trees a year
  • Equivalent to driving 15,437 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,958 a year
Est. Price
$22,120
Savings from a 10kWthis system
  • Est. yearly production 16,314 kWh
  • Est. monthly savings $155
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 6.58 tons a year
  • Equivalent to planting 302 trees a year
  • Equivalent to driving 16,297 mi less a year

Newcastle Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their photovoltaic or wind energy installation expenses. Think you fall into this category? Confirm your qualification with our REAP Grant eligibility tool.

A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a sensible choice in various regions in the United States. Moreover, there are a number of state and local efforts designed to further promote the uptake of solar energy.

Multiple utilities and governmental organizations in Oklahoma offer 2 solar rebate and incentive programs.

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 goal is to maintain your home well past the payback period of your solar system, solar panels are an excellent choice in Newcastle. A 5 kW system in Newcastle, OK will enable you to save the average homeowner, on average, $26,195.2 over a 20 period and the average break even point is 6 years.

The cost of not having solar panels in Newcastle, 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. Complete reliance on your utility provider is not always ideal, as recent examples in the news have shown.

Residents in Newcastle encounter roughly 0.88 outages per year. Typically, outages have an average duration of 63 minutes. However, during significant events such as equipment failure, hurricanes or wildlife damage, these times can drastically increase.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.

Power Outages

Currently, 0 customers are being tracked in McClain County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt decreases. For most consumers, setting up a system that can produce enough power to eliminate their entire electric bill is advantageous, providing significant savings.

Make & Model - Solar panels, like many other products, are offered in various makes and models. Your installer’s system preferences might necessitate selecting a highly rated installer. The selection of superior materials can substantially better the long-term experience for buyers.

Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Although they are more expensive, they provide increased energy. Many installers use panels constructed of this material.

Your Property - Each property and home is one of a kind. Trees, sloped land, or other barriers can increase the difficulty of installing solar panels. Most solar installers nowadays leverage satellite imagery to evaluate your home and integrate these factors into the first cost estimate.

Labor Rates - The varied employee wages paid by companies result in costs that consumers end up paying . Businesses often get 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. Quality installers will factor these costs into your initial quotes to prevent unexpected expenses.

See what solar panels cost in other OK cities

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Who are the best solar installers in Newcastle?

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.

Newcastle, OK Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Newcastle, OK as of October, 2024 is $3.16/W. The cost of installing a 5 kW solar panel system in Newcastle, OK is about $11,060 post federal tax credit.

  • If you live in Oklahoma, you can find 2 rebates and incentives through different utilities and government agencies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Although paying in cash offers the most savings, numerous financing options for solar panels now exist that are financially sensible. Many installers will include information about their financing partners in the initial quotes they provide.

  • Yes, in Newcastle, OK, the average payback period for 5 kW solar panels is 6 years, resulting in average electricity savings of $26,195.2 over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01