Cost To Install Solar Panels Oklahoma

How much does the solar panel system cost.

Cost to install solar panels oklahoma.

Here s how the numbers work for an oklahoma solar purchase of a 5 kw rooftop solar system. 1456 passed the state house 83 5 after no debate. Oklahoma to charge homeowners who install solar panels crony capitalism in the sooner state. The average cost of installed residential solar power systems is currently 2 60 per watt.

Each one has its own pros and cons from price to efficiency. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Installing a typical 5 kw solar system should start at about 20 000. As of sep 2020 the average cost of solar panels in oklahoma is 2 62 per watt making a typical 6000 watt 6 kw solar system 11 637 after claiming the 26 federal solar tax credit now available.

While cheap solar panels might feel like the easiest way to save some cash your total 20 year savings will often be higher if you invest in high quality equipment. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Installation cost guide no two solar power systems are the same. Since the feds calculate their incentive based on out of pocket costs no state rebate means more tax relief for you.

There are three types common in the residential market. Oklahoma residents who produce their own energy through solar panels or small wind turbines on their property will now be charged an additional fee the result of a new bill passed by the state legislature and expected to be signed into law by gov. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. Oklahoma s new law states that it is aiming to prevent the majority of utility customers from subsidizing those with solar panels on their homes who offset the cost of electricity and grid.

They are custom based on the home roof type shading and utility. Doug mataconis sunday april 20 2014 96 comments. Installation for the average 5kw system ranges from 11 100 22 400. You ll get 6 000 30 of the cost back as a tax credit.