Solar Panels Cost 8.3k-16k in North Enid, OK | October, 2024

Solar Panels Cost $8.3k-$16k in North Enid, OK | October, 2024

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How much do solar panels cost in North Enid, OK in 2024?

Currently, in North Enid, OK in the month of October, 2024, the cost per each watt for solar is $2.99/W.

In accordance with this price, expect to spend $2,990, on average, for every 1000 watts (or 1 kW) of solar energy your solar system will need to produce. After receiving the 30% federal tax credit, you can expect to spend about $10,465, in North Enid, for a 5 kW solar panel install. To ensure your energy requirements are met, you may require a larger system.

Select your county from the menu on the left to find the average roof size and maximum solar panel system capacity for homes in your area. Displayed below is a breakdown of the price, 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.
North Enid: $10,465US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
North Enid: 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.
North Enid: $13,442US Average: $15,784

Solar Potential in North Enid

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 13.3kkWh AC per yr.

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

An electricity consumer in North Enid usually uses 1,085 kWh per month, leading to an average electric bill of $118.30. These figures also cover apartments and other smaller living spaces with lower energy requirements.

The mean rate for electricity in North Enid, OK in October, 2024 is 10.91¢ per kWh.

To meet all of the energy requirements of a typical user in North Enid, a solar power system of 8 kW or larger is required. The cost of a an 8 kW solar system is approximately $23,920 before any incentives, but the federal tax credit gives you back 30%, reducing your total to $16,744.

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Average solar panel costs by system size in North Enid

Below and to the left, the pricing details for different sizes of the solar panel systems installed in North Enid is displayed. Of course, with a larger solar system, you'll see a greater initial expense, but the advantages consist of greater energy savings and greater income tax credits.

The cost and benefit breakdown for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $118.30 in North Enid. For a more precise estimate, change the $118.30 with your usual electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,372
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
$10,465
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $75
  • Full payback in 7 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
$12,558
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
$14,651
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $105
  • Full payback in 10 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
$16,744
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $118
  • 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

North Enid Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant currently offers between 80% and 100% coverage for the installation costs of solar or wind turbines for rural small businesses and farms. If you think you might be eligible, try our REAP Grant eligibility tool to verify your qualification.

The federal government offers a 30% tax credit for residential solar systems, making solar attractive and practical for a variety of homeowners. Additionally, numerous state and local programs aim to promote further adoption of solar energy.

Various utilities and government entities in Oklahoma provide 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 you plan to own your residence longer than the solar system's payback period, solar panels are a wise investment in North Enid. A 5 kW system in North Enid, OK will enable you to save the average homeowner, on average, $17,927 over a 20 period and the average break even point is 7 years.

The cost of not having solar panels in North Enid, OK

Without solar panels or another backup power source, you miss out on the savings discussed previously and are entirely on your electric utility for electricity. Recent news examples have revealed that complete dependence on your utility provider isn't always the most favorable condition.

Garfield County utilities have reported 0.93 outages per customer per year over the past few years. On average, an outage lasts 91.04 minutes. Major events such as wildlife damage, grid management errors or thunderstorms can significantly extend these time frames.

A solar panel system, whether or not it has a backup battery, could help reduce the impact of future outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Garfield County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in North Enid, OK?

Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Individuals often discover that setting up a solar system that can offset their entire electric bill is advantageous, ensuring optimal savings.

Make & Model - Just like any other product, solar panels are available in a wide variety of makes and models. Considering the system preferences that your installer may have, it's important to select a reputable contractor. For a superior long-term experience, buyers should consider better quality models.

Solar Panel Type - For good reasons, monocrystalline panels have become the industry standard. They come with a higher price, but they generate more energy. Many solar panel installers choose this material.

Your Property - Each property and home has its own characteristics. Factors such as trees, sloped land, or additional considerations can make the installation more challenging. Nowadays, most solar installers can assess your home with satellite images and incorporate these considerations in the first cost estimate.

Labor Rates - The costs connected to the varying wages offered by companies to their employees are passed on to the consumers. Companies that invest in higher wages usually see higher reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees change locally and will impact your installation cost. Good installers will factor these costs into your preliminary 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 North Enid?

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.

North Enid, OK Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in North Enid, OK as of October, 2024 is $2.99/W. With the federal tax credit, the cost of a 5 kW solar panel system in North Enid, OK drops to roughly $10,465.

  • As of now, there are 2 rebates and incentives offered by various utilities and government entities in Oklahoma. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Even though paying cash yields the most savings, there are now several financing options for solar panels that also are financially sensible. Installers often have partnerships with financing companies and will include this information in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in North Enid, OK averages 7 years, with electricity savings of about $17,927 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01