Solar Panels Cost 8.7k-17k in Okmulgee, OK | October, 2024

Solar Panels Cost $8.7k-$17k in Okmulgee, OK | October, 2024

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

In Okmulgee, OK in the month of October, 2024 you will spend about $3.12 per watt to go solar.

It will cost you $3,120, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to pay around $10,920 for a 5 kW solar setup in Okmulgee. Please keep in mind that a bigger system might be needed to adequately cover your energy consumption.

To the left, you can choose your county to see the average roof size and average maximum capacity for solar panels on homes in your area. Below is an 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.
Okmulgee: $10,920US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Okmulgee: 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.
Okmulgee: $15,720US Average: $15,784

Solar Potential in Okmulgee

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

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

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

On average, Okmulgee residents pay $130.50 for their electric bill each month and use 1,040 kWh. These statistics also include apartments and other smaller residences with reduced energy demand.

The average rate for electricity in Okmulgee, OK in October, 2024 is 12.55¢ per kWh.

Average citizens in Okmulgee will want a solar panel system with a generation capacity of 8 kW or larger to satisfy their full electricity consumption requirements. Installing a an 8 kW solar panel installation will be priced at about $24,960 initially, but with the 30% federal tax credit, you can receive a 30% reimbursement, reducing the cost to $17,472.

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Average solar panel costs by system size in Okmulgee

Located below and to the left, there is the price breakdown for different sizes of the solar panel systems set up in Okmulgee. The bigger the solar array, the higher the initial expense, but also the greater electricity savings and income tax credits you'll get.

The solar panel cost and benefit breakdown, shown in the calculator below and to the right, is based on an average electric bill of $130.50 in Okmulgee. Change the $130.50 to match your average electricity bill payment for custom results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $848 a year
Est. Price
$8,736
Savings from a 4kWthis system
  • Est. yearly production 6,526 kWh
  • Est. monthly savings $71
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.77 tons a year
  • Equivalent to planting 127 trees a year
  • Equivalent to driving 6,860 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,060 a year
Est. Price
$10,920
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $88
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.46 tons a year
  • Equivalent to planting 159 trees a year
  • Equivalent to driving 8,575 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,273 a year
Est. Price
$13,104
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $106
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,291 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,485 a year
Est. Price
$15,288
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $124
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.85 tons a year
  • Equivalent to planting 223 trees a year
  • Equivalent to driving 12,006 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,697 a year
Est. Price
$17,472
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $131
  • 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

Okmulgee Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and agricultural businesses. If you feel you might be eligible, we suggest utilizing our REAP Grant eligibility tool to verify your qualification.

The federal government offers a 30% tax credit for residential solar systems, making solar practical and practical for a diverse set of homeowners. A variety of state and local incentives are offered to promote the use of solar energy.

Oklahoma features 2 solar rebate and incentive initiatives provided by multiple utilities 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 those expecting to remain in their homes after the solar system's payback period, installing solar panels is a obvious choice in Okmulgee. By installing a 5 kW solar system in Okmulgee, OK, you can expect to save roughly $20,400 over 20 years, with the break even point usually being 7 years.

The cost of not having solar panels in Okmulgee, OK

Without solar panels or another backup power source, you miss out on the savings discussed previously and rely entirely on your electric utility for electricity. As we've seen in many recent news reports, full reliance on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Okmulgee has been 1.69 annually. Outages generally last for an average of 224.27 minutes. During major occurrences like landslides, aging infrastructure, or construction accidents, these times can extend significantly.

Whether or not a backup battery is included, a solar panel system could help ease the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Okmulgee County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system increases. Many people find it useful to install a solar energy system that can replace their entire electric bill. This results in optimal savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Taking into account the certain brand preferences an installer might have, picking a reputable contractor is important. Choosing superior quality equipment usually provides a more favorable long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. They have a higher price, but they provide more energy. Most solar panel installers choose this type of material.

Your Property - Trees, sloped land, or additional considerations can increase the complexity of the installation. Nowadays, the majority of solar installers can assess your home with satellite images and incorporate these elements in the preliminary cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Higher wages frequently lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - The local permitting and utility interconnection fees, which vary by region, will affect your final installation price. Quality 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 Okmulgee?

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.

Okmulgee, OK Solar Panel Cost FAQs

  • The average solar panel cost in Okmulgee, OK as of October, 2024 is estimated at $3.12/W. Post federal tax credit, a 5 kW solar panel system installation in Okmulgee, OK will roughly cost $10,920.

  • Currently, Oklahoma residents can benefit from 2 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Paying cash provides the most savings, yet there are many financing options available today for solar panels that are also beneficial. Financing options are frequently available through installers and will be included in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Okmulgee, OK is 7 years, with expected savings of $20,400 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01