As of August 2023, for every watt of solar energy you tap into in Oklahoma, you're looking at an average cost of $2.62. Now, let's put that into perspective. Imagine you're eyeing a solar panel system with a size of 5 kilowatts (kW). You'd be shelling out somewhere between $11,100 and $15,065. But here's the kicker... the average price for solar in Oklahoma? A cool $13,100.
But again, you might have heard about some federal credits and incentives. Thing is, once you factor in the generous 30% federal investment tax credit (ITC) and sprinkle in some local Oklahoma incentives, the actual dent in your wallet shrinks... and by quite a bit!
Now, here's a fun fact to chew on: Oklahoma basks in more peak sunlight than even the sun-kissed valleys of California. Surprised? We were too! This makes Oklahoma not just a good, but a stellar place for solar power generation. With sunlight in abundance, going solar in Oklahoma isn't just logical... it's practically a no-brainer.
Key Highlights
Oklahoma's average solar cost in 2023 is $2.62 per watt.
A 5kW solar system in Oklahoma averages around $13,100.
Federal incentives can reduce solar costs by up to 30%.
Oklahoma enjoys more peak sunlight than even California.
Urban vs. rural locations in Oklahoma can influence solar installation costs.
The state lacks specific solar incentives, unlike some neighbors.
The payback period for a 5kW system is approximately 12.68 years.
Does Your Zip Code Affect Your Solar Panel Costs in Oklahoma?
Have you ever thought about how your neighbor down the lane might be paying a tad different for their solar installation than you? No, it's not just about haggling skills... it's about location.
Urban vs. Rural: Picture this... you're nestled in the heart of Oklahoma City, surrounded by all the urban hustle and bustle. Getting a solar panel installed here? It's a breeze. But if you're out in the serene Oklahoma countryside, things might get a bit... tricky. Why? Well, rural areas often come with their own set of challenges - think transportation of hefty panels over winding roads or installation in trickier terrains. So, yes, the urban-rural divide does play a role in those dollar signs you see on your solar bill.
Local Regulations: Now, here's the curveball - local regulations. Ever heard of those annoying permits or specific area guidelines that can throw a wrench in your solar dreams? They exist. And depending on where you've pitched your tent in Oklahoma, these regulations can either be a breeze or... well, a bit of a storm to navigate.
So, before you jump on the solar bandwagon, maybe take a minute... or ten, to understand how your location plays into the cost equation. Because, in the world of solar, where you are matters just as much as what you want. You need consultation? We are just a call away from educating you about what your location offers.
Average Cost of Solar Panels in Oklahoma
System Size | System Cost | System Cost (after ITC) |
3kW | $7,860 | $5,502 |
4kW | $10,480 | $7,336 |
5kW | $13,100 | $9,170 |
6kW | $15,720 | $11,004 |
7kW | $18,340 | $12,838 |
8kW | $20,960 | $14,672 |
9kW | $23,580 | $16,506 |
10kW | $26,200 | $18,340 |
Current Market Rate: Here's a number for you - $2.62. That's the average price per watt for solar panels in Oklahoma. Now, if you're scratching your head thinking, "Is that good or bad?"... let's put it in perspective. The national average? A whopping $3 per watt. So, if you're in Oklahoma and thinking of going solar, give yourself a pat on the back. You're in a prime spot!
Cost Breakdown by System Size: Now, here's where it gets interesting... Bulk pricing. Ever bought something in bulk and noticed the price drop? The same principle applies to solar panels. Let's say you're eyeing a 10kW system. Sure, it's pricier than a 5kW system, but here's the kicker - per watt, that 10kW system is a steal compared to its 5kW counterpart. And considering how much juice Oklahomans use monthly (hint: it's a lot), going big might just be the way to go.
Still on the fence about costs? Request a free quote from us. Let's see how those numbers stack up!
Solar Incentives for Oklahoma
There is a common saying; "There's no such thing as a free lunch?" Well, when it comes to solar in Oklahoma, that might not be entirely true...
Federal Solar Tax Credit: Let's start with the big guns. The US government is practically handing out money to folks who go solar. Sounds too good to be true? It's not. Enter the Federal Investment Tax Credit, or as most folks call it, the Federal Solar Tax Credit. Right now, this golden ticket shaves off a whopping 30% from your solar panel costs. So, if you're doing the math, that's like getting a 30% discount coupon for your solar setup.
State-Specific Incentives: Now, here's where it gets a tad tricky. Oklahoma, as great as it is for sunshine, doesn't have state-specific solar incentives. A bummer, right? Especially when you peek over the fence and see neighboring states rolling out the red carpet for solar adopters. But hey, who knows? Maybe Oklahoma will catch up soon.
Additional Rebates: But don't pack up just yet. There's more. Some local utilities might just have a rebate or two up their sleeves. It's always worth a quick call or email to find out.
Peak Sunlight in Oklahoma
There are some places that are just better for solar. It's all about peak sunlight. But what's the big deal with peak sunlight, anyway?
Why Peak Sunlight Matters: Think of peak sunlight as the MVP of solar energy. It's that prime time when the sun's rays are at their strongest, turning your solar panels into power-producing machines. The more peak sunlight hours you get, the more juice your panels produce. Simple, right?
Oklahoma's Advantage: Now, here's where Oklahoma steps into the spotlight. You'd think states like California or Arizona would be the kings of sunlight. But guess what? Oklahoma's average sunlight hours are giving them a run for their money. In the grand league of sun-soaked states, Oklahoma proudly stands tall, boasting more average sunlight hours than many of its peers. And what does that mean for you? More power, more savings, and a solar installation that's worth every penny.
So, next time you're sipping iced tea on a sunny Oklahoma afternoon, remember: that blazing sun isn't just for tans. It's turning rooftops across the state into mini power plants. And yours could be next…
Payback Period
So, you're all set to go solar, but there's this nagging question at the back of your mind: "How long before this investment pays off?" Let's break it down.
What's the Payback Period Anyway? Think of the payback period as the time it takes for your solar panels to, well... pay for themselves. It's the moment when the savings from your solar panels equal the cost of the installation. And from that point on? Pure savings.
Calculating Payback: Let's get into the nitty-gritty. For a standard 5kW system, you're looking at producing about 720 kWh every month. That's a chunky 63.6% of your monthly energy needs, translating to annual savings of around $824.26. With an upfront cost of $10,450, you're looking at a payback period of roughly 12.68 years.
Scaling up to a 10kW system? You're producing a whopping 1,440 kWh monthly. That's more energy than most Oklahomans need, leading to annual savings of about $1,296. But with a steeper cost of $19,076, the payback period stretches to around 14.71 years.
And for those considering an 8kW system, producing 1,152 kWh monthly, you're looking at a sweet spot with a payback period of just 12.34 years.
Comparing with Traditional Energy: Over the long haul, the savings from solar dwarf what you'd spend on traditional energy. And with rising energy prices, that gap is only set to widen. Curious about your own payback period? Get a personalized calculation with our free solar quote and see the savings for yourself!
FAQ
How much are solar panels in Oklahoma?
In 2023, the average cost of solar panels in Oklahoma is $2.62 per watt. For a typical 5kW system, you'd be looking at an average expense of around $13,100 before incentives.
Are solar panels worth it in Oklahoma?
How long do solar panels last for?
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