Solar Panels Cost 12k-21k in Noble, OK | October, 2024

Solar Panels Cost $12k-$21k in Noble, OK | October, 2024

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

To go solar in October, 2024 in Noble, OK costs, on average, $3.08/W.

It will cost you $3,080, on average, per 1K (or 1000 watts) your panels is able to generate. When you deduct the 30% federal tax credit, you can expect to spend around $10,780 for a 5 kW solar setup in Noble. Subject to your energy usage habits, you could require a bigger system.

To the left, you can choose your county to view the average roof size and the average maximum production capacity for residential solar on houses in your area. Below is a full overview 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.
Noble: $10,780US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Noble: 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.
Noble: $21,968US Average: $15,784

Solar Potential in Noble

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 20.6kkWh AC per yr.

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

On average, Noble energy consumers have a monthly electric bill of $155.70 and use 1,283 kWh. Please note that this number also encompasses data from smaller residential units, including apartments.

The rate of electricity in Noble, OK, on average, is 12.13¢ per kWh for October 2024.

In Noble, typical users has to have a system size of 10 kW or greater to fully take care of their full power needs. Currently, a 10 kW setup costs around $30,800 before incentives, with the 30% federal tax credit, the price lowers to $21,560.

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Average solar panel costs by system size in Noble

On your left, we've provided a detailed cost breakdown for the various solar panel system sizes installed in Noble. Of course, with a more extensive solar system, you will have a higher upfront cost, but the advantages include greater energy savings and more substantial income tax credits.

In the solar panel cost calculator located down and to the right, you can examine a cost and benefit breakdown to match an average $155.70electric bill in Noble. To get custom results, adjust the $155.70 to match your average electricity payment.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,175 a year
Est. Price
$12,936
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 3.22 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,977 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,370 a year
Est. Price
$15,092
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 3.76 tons a year
  • Equivalent to planting 173 trees a year
  • Equivalent to driving 9,306 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,566 a year
Est. Price
$17,248
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 4.3 tons a year
  • Equivalent to planting 197 trees a year
  • Equivalent to driving 10,636 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,762 a year
Est. Price
$19,404
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $147
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.83 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,965 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,958 a year
Est. Price
$21,560
Savings from a 10kWthis system
  • Est. yearly production 16,314 kWh
  • Est. monthly savings $156
  • 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

Noble Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing solar or wind turbines for rural farmlands and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. To see if you qualify, use our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is offered to nearly everyone, making solar power a good investment in many parts of the country. A range of state and local initiatives are offered to support the use of solar energy.

There are 2 solar rebate and incentive programs currently available in Oklahoma by multiple utilities and government 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 your plan is to stay in your home past the time it takes to pay off your solar system, opting for solar panels is a good move in Noble. A 5 kW system in Noble, OK will help you save the average homeowner, on average, $26,588 over a 20 period and the average break even point is 6 years.

The cost of not having solar panels in Noble, OK

The absence of solar panels or an alternative energy backup means that you miss out on the savings mentioned earlier and depend on your electric utility for electricity. The news has given several examples highlighting that full reliance on your utility isn't always the best idea.

Customers in Noble have experienced around 0.88 outages per year on average. Each outage lasts an average of 63 minutes. In the case of major events such as grid management errors, hurricanes or vandalism, this period can increase substantially.

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

Power Outages

Currently, 0 customers are being tracked in Cleveland County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt drops as the size of the system expands. Installing a solar system that generates sufficient electricity to eliminate their electric bill is beneficial to most consumers, leading to savings.

Make & Model - There are numerous brands and models of solar panels and mounting equipment. Since your installer may prefer particular systems, it's important to choose a highly rated company. Opting for higher quality equipment generally provides a more satisfying long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have taken over as the standard in the industry, and it's easy to see why. They are associated with a higher price, but they provide more energy. The majority of solar panel installers prefer this kind of material.

Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or additional challenges may add to the complexity of the installation. Solar installers currently have the ability to utilize satellite images to evaluate your home and incorporate these elements in the initial cost estimate.

Labor Rates - The wage differences between companies result in costs that are passed on to the consumers. Businesses frequently receive higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - The local permitting and utility interconnection fees, which change by region, will affect your final installation price. Reliable local installers will build these figures into your initial estimates to avoid any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Noble?

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.

Noble, OK Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Noble, OK is $3.08/W. Installing a 5 kW solar panel system in Noble, OK will cost approximately $10,780 after applying the federal tax credit.

  • Various utility providers and government organizations in Oklahoma are offering 2 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Choosing to pay cash offers the most savings, but today there are many financing options for solar panels that are also financially advantageous. Information about financing options will often be included in your initial quotes by many installers.

  • Yes, the payback period for 5 kW solar energy systems in Noble, OK averages 6 years, with electricity savings of about $26,588 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01