Solar Panels Cost 8.9k-17k in The Village, OK | October, 2024

Solar Panels Cost $8.9k-$17k in The Village, OK | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in The Village, OK in 2024?

In The Village, OK in the month of October, 2024 you will pay approximately $3.19/W to get a solar system.

In other words, solar panel installations will cost you about $3,190 per 1000 watts (1 kW) of generation capacity. When you subtract the 30% federal tax credit, you can expect to spend around $11,165 for a 5 kW solar panel install in The Village. Please consider, a 5kW system may not be big enough to fully meet your energy needs.

Select your county from the menu on the left to find out the average roof size and maximum residential solar capacity for homes in your area. Outlined below are the price, 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.
The Village: $11,165US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
The Village: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
The Village: $12,442US Average: $15,784

Solar Potential in The Village

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

Roof size 983sq. ft.
Capacity 13.75kW DC
Electricity 18.7kkWh AC per yr.

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

In The Village, the typical electric bill is $118.30 per month, with an average consumption of 1,085 kWh. These statistics also reflects the energy consumption patterns of smaller residences, such as apartments.

In October 2024, the electricity rate in The Village, OK is 10.91¢ per kWh.

If you’re a typical electricity user in The Village, you may require a solar panel system sized at 8 kW or larger to meet your electricity needs. Presently, an 8 kW solar panel system will initially set you back around $25,520, but the 30% tax credit lowers the cost to $17,864.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in The Village

To your left, we have provided a detailed cost breakdown for the various solar panel system sizes installed in The Village. While a bigger solar installation carries a higher price, it also offers increased electricity savings and larger income tax credits.

The calculator down and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $118.30 in The Village. If you desire tailored results, modify the $118.30 to your average electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,932
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
$11,165
Savings from a 5kWthis system
  • Est. yearly production 8,157 kWh
  • Est. monthly savings $75
  • Full payback in 8 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
$13,398
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
$15,631
Savings from a 7kWthis system
  • Est. yearly production 11,420 kWh
  • Est. monthly savings $105
  • Full payback in 11 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
$17,864
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $118
  • Full payback in 13 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

The Village Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar or wind turbine installation expenses covered by the REAP Grant. Wondering if you fit this category? Verify your eligibility with our REAP Grant eligibility tool.

The 30% federal income tax credit for residential solar is accessible to nearly all homeowners, which makes solar energy a smart choice in numerous regions nationwide. On top of that, there are numerous state and local incentives to further encourage the adoption of solar energy.

Oklahoma has 2 solar incentive and rebate initiatives available through a variety of utilities and government agencies.

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 intend to reside in your home beyond the payback period of your solar system, solar panels are an clear choice in The Village. With a 5 kW solar system in The Village, OK, the average savings over a 20 period is $17,227, with break even usually occurring at 8 years.

The cost of not having solar panels in The Village, OK

Not installing solar panels or any other backup energy system results in missing the earlier mentioned savings and full dependence on your electric utility for electricity. The news has recently proven that relying entirely on your utility provider isn't always ideal.

In recent years, Oklahoma County has seen an average of 1 utility outages per customer each year. The average length of an outage is 86.41 minutes. However, during significant events such as aging infrastructure, earthquakes or planned maintenance, this duration can grow considerably.

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

Power Outages

Currently, 0 customers are being tracked in Oklahoma County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in The Village, OK?

Your Energy Needs - Despite the higher initial expense, the cost per watt drops when using larger solar panel systems. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is advantageous, providing significant savings.

Make & Model - Solar panels, like many other products, are offered in a variety of makes and models. As the contractor might have particular system preferences, it's important to select a highly rated company. Choosing superior quality materials generally ensures a more satisfying long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels are widely recognized as the standard in the industry, and for good cause. These panels are more expensive but offer a higher energy efficiency. Many installers in the industry utilize panels crafted of this material.

Your Property - Uneven ground, trees, or additional challenges can increase the difficulty of the installation. The majority of solar installers today are able to utilize satellite imagery to evaluate your home and factor in these aspects in the first cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these costs are transferred to the consumers. Higher wages often correlate with better reviews for companies' work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees change locally and will impact your installation cost. That said, reputable local installers will be able to incorporate these numbers into your initial quotes so there are no surprises.

See what solar panels cost in other OK cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in The Village?

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.

The Village, OK Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in The Village, OK is $3.19/W. The cost of installing a 5 kW solar panel system in The Village, OK is about $11,165 post federal tax credit.

  • Utilities and government agencies in Oklahoma are currently offering 2 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • While paying cash provides the highest savings, there are now various financing options for solar panels that are also financially advantageous. Many installers will include information about their financing partners in the initial quotes they provide.

  • Yes, homeowners in The Village, OK generally see a payback time of 8 years for 5 kW solar panel systems, with electricity savings averaging $17,227 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01