My local vet will only do OFA with full anesthesia, he runs close to $300, haven't used him for OFA in a long time. Every other vet I know or use will only sedate if the dog isn't cooperative. Rough price range is couple hundred for hips/elbows and add on sedation if needed. I do have PennHip in reasonable driving distance, the prices range around $500-600 including sending a copy of the one view to OFA. Does not include elbows, so add on another film charge there too.
My main beef with PennHip is no database. I can't research relatives like I can with OFA. If there is a database, I can't find it. Yes, it's awesome that PennHip requires all films be sent, unlike OFA, which is skewed by the fact that many don't send in films if they don't look like they'll pass. But without a public database, how do I access all that info when researching a dog? Yes, I do take into account if a dog has sired/whelped pups, what they are throwing, what their siblings, parents, grandparents, etc, have done in the hip and elbow dept. Just knowing one dog's results is a little scary to me to make a breeding decision on. OFA itself suggests looking at the whole picture. A fair-rated dog with multiple close relatives having good/excellent hips may be the better choice vs an excellent-rated dog that has dysplastic close relatives or no OFA history at all.
I do OFA prelims on hips/elbows at 6-8 months, when depends on when or if they are going off to trainer but 6 months minimum. In 16 years and many Labs, I've had 3 prelims change at finals, two went up a grade, one went down, none have been dysplastic on final films. I have had one pup I bought in the last couple years be moderately, bilaterally dysplastic on prelim and the 2nd and 3rd Labs I ever bought were dysplastic on prelim. Given their films & age at the time, I doubt PennHip would have given them a very low DI either. I did have one person with a pup with unilateral hip mild subluxation per OFA, so no OFA number, while PennHip gave it a .40 and .32, no DJD present.
I think there are benefits and problems with both PennHip and OFA, hips aren't easy or simple, neither are elbows. You're going to have dysplasia sometimes, regardless of all the clearances. Xrays are a screening tool, not a guarantee.