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

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

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

In Woodward, OK, the cost per watt for solar panel installations is about $3.12/W in October, 2024.

Expect to pay $3,120, on average, for every 1000 watts (or 1 kW) of solar energy your panels will need to produce. In Woodward, you will spend around $10,920 for a 5 kW solar panel install once the 30% federal income tax credit is factored in. Be advised that a more powerful system may be necessary to fully meet your energy needs.

Use the menu on the left to pick your county and find out the average roof size and the average maximum capacity for residential solar on residences in your area. Below, you can see a summary of 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.
Woodward: $10,920US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Woodward: 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.
Woodward: $13,214US Average: $15,784

Solar Potential in Woodward

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

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

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

Energy consumers in Woodward usually pay $120.06 per month for electricity, consuming an average of 1,072 kWh. Compact residences, such as efficiency studios and apartments, are also included in the figures mentioned in the prior sentence.

In October 2024, the electricity rate in Woodward, OK is 11.2¢ per kWh.

To fully meet the energy requirements of an average user in Woodward, a solar system of 8 kW or larger is required. The expense for aan 8 kW solar installation is about $24,960 upfront, but with a 30% tax credit, the price decreases to $17,472.

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Average solar panel costs by system size in Woodward

Shown on the left, you will find a price breakdown for various solar panel system sizes set up in Woodward. When you opt for a more extensive solar system, the cost is larger, but it also leads to higher electricity savings and a greater income tax credit.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $120.06 in Woodward. Modify the $120.06 to your average bill payment for more accurate results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $718 a year
Est. Price
$8,736
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 2.56 tons a year
  • Equivalent to planting 118 trees a year
  • Equivalent to driving 6,337 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $897 a year
Est. Price
$10,920
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 3.2 tons a year
  • Equivalent to planting 147 trees a year
  • Equivalent to driving 7,921 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,077 a year
Est. Price
$13,104
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 3.84 tons a year
  • Equivalent to planting 176 trees a year
  • Equivalent to driving 9,506 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,256 a year
Est. Price
$15,288
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 4.48 tons a year
  • Equivalent to planting 206 trees a year
  • Equivalent to driving 11,090 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,436 a year
Est. Price
$17,472
Savings from a 8kWthis system
  • Est. yearly production 13,051 kWh
  • Est. monthly savings $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.12 tons a year
  • Equivalent to planting 235 trees a year
  • Equivalent to driving 12,674 mi less a year

Woodward Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. Think you fit this category? Check your qualification with our REAP Grant eligibility tool.

Homeowners can benefit from a 30% federal income tax credit for adding residential solar panels, making solar power a feasible option across much of the country. Additionally, a number of state and local programs are available to promote solar adoption.

Residents of Oklahoma can access 2 solar rebate and incentive programs from a range of utilities and governmental 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?

If your plan is to stay in your home past the time it takes to pay off your solar system, opting for solar panels is a good move in Woodward. Over a 20 year period, a 5 kW solar system in Woodward, OK could save you around $17,894.4, with the average break even time being 8 years.

The cost of not having solar panels in Woodward, OK

Apart from missing out on the savings highlighted earlier, not having solar panels or an alternative backup energy source leaves you fully reliant on your electric utility for electricity. The media has demonstrated several cases where complete reliance on your utility isn't always the best scenario.

Recently, the average number of utility outages per customer annually in Oklahoma has been about 1.26. On average, an outage lasts 142.83 minutes. When major events such as heavy rain and flooding, aging infrastructure, or wildlife damage occur, these durations can increase significantly

Regardless of whether a backup battery is included or not, a solar panel system could reduce the strain of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Woodward County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt is reduced with larger solar panel systems, even though the initial cost is higher. A lot of people find it advantageous to set up a solar energy system that can fully cover their entire electric bill. This results in optimal savings.

Make & Model - Similar to many products, solar panels come in a variety of makes and models. The potential system preferences of your contractor mean that it is it's even more vital to select a recommended company. The employment of superior materials is likely to result in a more favorable long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have secured their spot as the industry standard, and for valid reasons. Even with a higher cost, this technology yield more energy. Most installers opt for panels constructed using this material.

Your Property - Each property and home has its own unique features. Irregular terrain, trees, or additional hindrances may add to the difficulty of the installation. These days, satellite images enable many solar installers to assess your home and include these elements into the preliminary cost estimate.

Labor Rates - The varying wages that companies offer their employees lead to costs that are ultimately borne by consumers. Businesses paying more to their employees typically receive higher reviews for their services and customer service.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will affect your installation cost. Quality local installers will integrate these numbers into your preliminary quotes to avoid any surprises.

See what solar panels cost in other OK cities

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Who are the best solar installers in Woodward?

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.

Woodward, OK Solar Panel Cost FAQs

  • The average solar panel cost in Woodward, OK as of October, 2024 is estimated at $3.12/W. In Woodward, OK, installing a 5 kW solar panel system will set you back approximately $10,920 after federal tax incentives.

  • In Oklahoma, you have access to 2 rebates and incentives provided by numerous utilities and government organizations. In addition, the 30% federal income tax credit is available to almost everyone.

  • Although paying in cash offers the most savings, numerous financing options for solar panels now exist that are cost-effective. Many installers have financing partners and will provide this information in your initial quotes.

  • Yes, homeowners in Woodward, OK generally see a payback time of 8 years for 5 kW solar panel systems, with electricity savings averaging $17,894.4 over a 20-year period.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01