Solar Panels Cost 8.4k-16k in Tulsa, OK | September, 2024

Solar Panels Cost $8.4k-$16k in Tulsa, OK | September, 2024

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

In Tulsa, OK, the cost per watt for solar panels averages $3.02/W in September, 2024.

Using the cost, you are able to conclude that for every 1000 watts (1 kW) your panels can produce you will have to invest $3,020 to have your system installed. After receiving the 30% federal tax credit, you can expect to pay around $10,570 for a 5 kW system in Tulsa. Please consider, a 5kW system may not be enough to meet your energy demands.

By selecting your county on the left, you can see the average roof size and the average maximum capacity for residential solar panel systems in your area. Below is an analysis 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.
Tulsa: $10,570US Average: $12,595
Average Payback Period The number of years until you break even on the solar investment.
Tulsa: 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.
Tulsa: $17,713US Average: $15,737

Solar Potential in Tulsa

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

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

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

Tulsa residents generally consume 1,006 kWh of electricity each month, with bills averaging $136.72. {These numbers include apartments and other smaller homes, which generally have reduced energy consumption.

In September 2024, Tulsa, OK's mean electricity rate is 13.58¢ per kWh.

In Tulsa, a system size of 8 kW or more is needed for the typical energy consumer to account for all of their energy needs. Right now, an 8 kW solar panel system will set you back about $24,160upfront, but thanks to the federal tax credit, you receive 30% back, reducing the total to $16,912.

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Average solar panel costs by system size in Tulsa

On the left side below, the cost breakdown for various sizes of solar panel systems set up in Tulsa can be seen. The initial cost for more extensive solar systems is larger, but they also provide more significant electricity savings and higher income tax credits.

Check the solar panel cost calculator down and to the right to see the cost and benefit details derived from an average $136.72 electric bill in Tulsa. Change the $136.72 with your typical electricity bill to get more detailed results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $869 a year
Est. Price
$8,456
Savings from a 4kWthis system
  • Est. yearly production 6,207 kWh
  • Est. monthly savings $72
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 2.71 tons a year
  • Equivalent to planting 125 trees a year
  • Equivalent to driving 6,720 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,086 a year
Est. Price
$10,570
Savings from a 5kWthis system
  • Est. yearly production 7,759 kWh
  • Est. monthly savings $91
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.39 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,400 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,303 a year
Est. Price
$12,684
Savings from a 6kWthis system
  • Est. yearly production 9,311 kWh
  • Est. monthly savings $109
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.07 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,079 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,521 a year
Est. Price
$14,798
Savings from a 7kWthis system
  • Est. yearly production 10,862 kWh
  • Est. monthly savings $127
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.75 tons a year
  • Equivalent to planting 218 trees a year
  • Equivalent to driving 11,759 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,738 a year
Est. Price
$16,912
Savings from a 8kWthis system
  • Est. yearly production 12,414 kWh
  • Est. monthly savings $137
  • 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

Tulsa Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant offers substantial financial support, potentially covering 80% to 100% of the costs for rural businesses and farms to install solar energy or wind energy systems. Think you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

Most people can benefit from the 30% federal income tax credit for residential solar, making it a feasible investment in numerous areas of the country. Numerous regional and state programs are in place to encourage solar energy adoption.

There are 2 solar rebate and incentive initiatives currently available in Oklahoma by various 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 goal is to maintain your home well past the payback period of your solar system, solar panels are an clear choice in Tulsa. By installing a 5 kW solar system in Tulsa, OK, you can expect to save around $22,242.8 over 20 years, with the break even point usually being 6 years.

The cost of not having solar panels in Tulsa, OK

Apart from missing out on the savings noted above, the absence of solar panels or another backup energy solution leads to total dependency on your electric utility for power. Many recent news stories have made it evident that complete reliance on your utility isn't always the best idea.

Recently, customers in Tulsa have experienced an average of 1.49 outages per year. The typical duration of each outage is 225.8 minutes. When significant events such as construction accidents, overloaded power grids or hurricanes occur, these time frames can become much longer.

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

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 Tulsa, OK?

Your Energy Needs - The upfront cost for larger solar panel systems is larger, but the cost per watt decreases as the system size expands. Homeowners often find that setting up a solar system that can cover their entire electric bill is advantageous, leading to maximum savings.

Make & Model - There are numerous brands and models of solar panels. The installer you select may have particular brand preferences, so it's crucial to select a reputable contractor. Superior quality models generally result in a more satisfactory long-term experience for buyers.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and justifiably so. They come with a higher price but are more efficient. Many solar panel installers use panels made of this kind of material.

Your Property - Every property and home is distinct. Trees, sloping terrain, or additional hurdles can make the installation more difficult. These days, solar installers typically use satellite images to evaluate your home and include these factors into the first cost estimate.

Labor Rates - The wages that companies offer their employees vary, and these expenses are inevitably shown in consumer prices. Usually, companies paying more in wages also enjoy higher ratings for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees change locally and will influence your installation cost. Quality local installers will include these figures in your first estimates to provide transparency.

See what solar panels cost in other OK cities

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Who are the best solar installers in Tulsa?

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.

Tulsa, OK Solar Panel Cost FAQs

  • In September, 2024, the average cost of solar panels per watt in Tulsa, OK is $3.02/W. After federal tax credits, the installation of a 5 kW solar panel system in Tulsa, OK is estimated to cost $10,570.

  • There are 2 rebates and incentives available in Oklahoma from a range of utility providers and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also cost-effective. Installers typically partner with financing companies and will provide this information into your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Tulsa, OK stands at 6 years, yielding average electricity savings of $22,242.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-09-15