Solar Panels Cost 10k-18k in Owasso, OK | October, 2024

Solar Panels Cost $10k-$18k in Owasso, OK | October, 2024

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

In October, 2024 in Owasso, OK you'll pay about $2.87/W to get solar installed.

Stemming from the cost, expect the cost to be $2,870, on average, for every 1 kW (or 1000 watts) of solar energy your panels can generate. When you subtract the 30% federal tax credit, you will pay approximately $10,045, in Owasso, for a 5 kW panel install. Keep in mind that a higher capacity system could be essential to meet your energy demands.

Use the left-hand menu to select your area and find out the typical roof size and the maximum generation capacity for residential solar on homes in your county. Below, you can see a detailed outline of the costs, payback period, and 20-year typical 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.
Owasso: $10,045US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Owasso: 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.
Owasso: $20,652US Average: $15,784

Solar Potential in Owasso

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

Roof size 840sq. ft.
Capacity 11.75kW DC
Electricity 15kkWh AC per yr.

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

The typical kWh usage for a Owasso resident is 1,131 monthly, with an average electric bill of $145.84. It’s essential to recognize that this figure reflects the energy consumption of apartments and other smaller residences.

For October 2024, the mean electricity rate in Owasso, OK is 12.89¢ per kWh.

The average energy user in Owasso has to have a 9 kW or more solar setup to account for their entire power consumption needs. At this time, a 9 kW solar panel installation will set you back about $25,830at first, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $18,081.

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Average solar panel costs by system size in Owasso

Located below and to the left, you can find the cost summary for different sizes of solar panel systems set up in Owasso. When you select a more extensive solar system, the cost is greater, but it also yields more significant electricity savings and a larger income tax credit.

The calculator to the right and below provides a detailed summary of solar panel costs and benefits, based on an average electric bill of $145.84 in Owasso. Change the $145.84 to your typical electricity bill payment for results that fit your situation.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,060 a year
Est. Price
$10,045
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $88
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.11 tons a year
  • Equivalent to planting 143 trees a year
  • Equivalent to driving 7,694 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,273 a year
Est. Price
$12,054
Savings from a 6kWthis system
  • Est. yearly production 9,788 kWh
  • Est. monthly savings $106
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.73 tons a year
  • Equivalent to planting 171 trees a year
  • Equivalent to driving 9,233 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,485 a year
Est. Price
$14,063
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $124
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.35 tons a year
  • Equivalent to planting 200 trees a year
  • Equivalent to driving 10,772 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,697 a year
Est. Price
$16,072
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $141
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.97 tons a year
  • Equivalent to planting 228 trees a year
  • Equivalent to driving 12,311 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,909 a year
Est. Price
$18,081
Savings from a 9kWthis system
  • Est. yearly production 14,683 kWh
  • Est. monthly savings $146
  • Full payback in 10 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

Owasso 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. Think you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.

The federal government offers a 30% tax credit for residential solar systems, making solar attractive and practical for a variety of homeowners. Moreover, several state and local programs are in place to further encourage the adoption of solar energy.

In Oklahoma, 2 solar rebates and incentives are currently available from various 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?

When you intend to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Owasso. In Owasso, OK, the installation of a 5 kW solar system can save you an average of $24,956.6 over 20 years, with an average break even point of 6 years.

The cost of not having solar panels in Owasso, OK

Beyond forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. The media has demonstrated several cases where total dependence on your utility isn't always ideal.

In recent years, the utilities in Owasso have had about 1.49 outages per customer each year. Outages generally last for an average of 225.8 minutes. During major occurrences like vandalism, equipment failure or thunderstorms, these times can extend significantly.

Whether a backup battery is included or not, a solar panel system could reduce the burden of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Tulsa County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size grows. For most consumers, installing a system that can generate enough power to reduce their entire electric bill is beneficial, providing significant savings.

Make & Model - There are a range of makes and models of solar panels. Picking an contractor with specific brand preferences means it's even more important important to go with a recommended company. The choice of high-quality models can substantially improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have earned their place as the industry standard, and for good reasons. Even with a higher cost, this technology produce more energy. The majority of installers choose panels constructed using this material.

Your Property - Each property and residence is unique. Issues like uneven land, trees, or other obstructions may add to the complexity of the installation. Currently, most solar installers can assess your home using satellite images and incorporate these elements for the initial cost estimate.

Labor Rates - Companies pay their employees in varying amounts, and these costs are passed down to consumers. It is typical for businesses that offer higher wages to garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees differ by area and will impact your final install price. Quality local installers will incorporate these figures into your first estimates to eliminate any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Owasso?

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.

Owasso, OK Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Owasso, OK is $2.87/W. A 5 kW solar panel system will cost you around $10,045 in Owasso, OK after the federal tax credit is applied.

  • If you live in Oklahoma, you can find 2 rebates and incentives through different utilities and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.

  • Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Financing partners are often associated with many installers, and this will be detailed in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in Owasso, OK averages 6 years, with electricity savings of about $24,956.6 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01