Oklahoma is among the top 10 states with an average maximum sunshine of 5.59 hours, ahead of sunny California . This makes State Early a great place to go solar. As the cost of solar power falls, Oklahoma's electricity rates will increase by 27% starting in 2021.
According to August 2022 data from the Energy Information Administration, the average electric bill in Oklahoma is $155.77 per month and the average monthly payment for a solar loan is $77.70. Oklahoma residents can save up to $937 annually on their energy costs. If you have a solar system to meet your home's energy needs, you can save about $1,900 a year in electricity costs after paying for the system.
Cost of solar panels in Oklahoma
The cost of solar panels for your home varies based on your electricity needs, installation cost, possible roof repairs, and other factors. Additional equipment, such as solar panels , also increases the total cost. Despite the cost, going solar in Oklahoma has its benefits and incentives, including:
- 30% tax credit on the purchase of solar energy from the federal government
- A clean metering program that can lower your electricity bill
- Lots of options from local and national solar companies
The following data on solar panel costs and system sizes for Oklahoma is based on information from Lawrence Berkeley National Laboratory and FindEnergy.com.
Compare the cost and sizes of solar panels in Oklahoma
| | System Size (kW) | Total cost |
|---|---|---|
| big | 9:00 am | $35,910 |
| Medium: | 7:00 a.m | $27,930 |
| Short | 5:00 a.m | 19950 dollars |
Oklahoma vs. All USA
| | System Size (kW) | price per watt | Total cost |
|---|---|---|---|
| Oklahoma | 7:00 a.m | 3.99 USD | $27,930 |
| on a national scale | 6:48 a.m | 3.82 USD | 24,742 dollars |
Solar financing options for Oklahoma residents
Below are payment options to consider when purchasing a solar system. Each payment method has advantages and disadvantages. Take the time to evaluate which option best fits your budget.
- Cash. No interest is charged, but you must pay the full amount in advance
- Solar loans. Pay in installments, but interest may accrue
- Rent of the plot. monthly payments, does not own the system, is not eligible for most incentives
- Contract of purchase and sale of electricity. little or no start-up or maintenance costs do not qualify for tax relief
Cash and solar loans are the best options for homeowners who want to get a higher return on their investment and take advantage of tax credits and rebates. Solar leases and PPAs are beneficial for those who want to avoid high upfront costs or who cannot qualify for a solar loan.
Disclosure of Information About Advertisers . CNET business partner SaveOnEnergy can help you find the right energy for your home. SaveOnEnergy Marketplace helps you find, compare, track and save the right energy for your home - all for free. If you're interested in solar, answer a few questions to get an accurate quote from our solar consultants.
Incentives and rebates for solar panels in Oklahoma
Oklahoma homeowners who want to install solar panels can take advantage of a federal tax credit and the state's electricity metering program. The Home Clean Energy Credit is a 30% federal tax credit for solar systems purchased between early 2022 and early 2032. This tax credit could save Oklahoma residents $8,379 for a 7 kW system.
Oklahoma is one of 38 states that offer net metering programs for solar homeowners to receive credits for transferring excess energy from their solar panels to the grid. Loans are useful during times of the year when days are less sunny, such as the winter months when solar panels produce less electricity.
Oklahoma Solar Companies
Choosing a solar panel installer is a difficult task that requires time and planning. We simplify the process by doing the research for you. Here are five affordable solar companies in Oklahoma, some of which we've included in our list of the best solar companies based on product offerings, price, and more.
solar wind tunnel
ADT Solar , formerly known as Sunpro Solar, is headquartered in Florida and operates in 23 US states, including Oklahoma. The company offers high-quality monocrystalline solar panels and solar cells from well-known brands, including Tesla Powerwall and Enphase IQ batteries. Their products come with a 25-year warranty on panel manufacture and workmanship. In addition, the company offers a price protection guarantee. If you receive a lower price from another company for the same products and benefits, ADT Solar will refund the difference.
very sunny
Since 2012, Okie Solar has been providing solar energy services to the Oklahoma City and surrounding areas. The family business starts with a free consultation where a solar consultant comes to your home to assess your energy needs and discuss the financial benefits. The company installs premium products, including brands like Mission Solar and SolarEdge, which are backed by a 25-year manufacturer's warranty. Okie Solar's goal is to help you choose solar with confidence and support.
solar radicals
Founded by solar installers and based in Tulsa, Oklahoma, Radical Solar is committed to fair pricing and educating customers about the benefits of solar energy. The company operates within its budget, providing solar installations at prices ranging from $2.30 to $3.15 per watt. Although Radical Solar is a relatively new company founded in 2019, they are a Tesla Certified Installer and a Professionally Certified Solar Panel Installer.
Oklahoma solar farm
As a full-service company, Solar Power of Oklahoma provides services from consultation to installation. The company installs products such as the Tesla Powerwall (with a 10-year warranty) and Q Cell solar panels (with a 25-year manufacturer's warranty). Solar Power of Oklahoma has installed more than 100,000 solar panels and was recognized by Solar Power World as the best contractor in Oklahoma for 2019, 2020 and 2021.
Solar energy:
SunPower is a California-based national solar company that provides high-efficiency Maxeon solar panels with a 25-year warranty. SunPower was founded in 1985 and manufactures some of its own products, such as SunVault solar panels. SunPower-branded products cost more than many competitors, but their warranty guarantees that the solar panels will produce 92% of their electricity after 25 years. Other manufacturers give a 25-year warranty, but only guarantee 85% of the products.
Explore investment factors
There are many factors to consider when investing in solar energy. Before making a decision, take the time to research the following information about your solar installation and your property.
| Postman: | Details |
|---|---|
| Of course: | Contact your home insurance agency. Find out if you should add solar panels to your policy and how they will affect your coverage. |
| HOA rules | Check the rules of your HOA or other neighborhood association regarding solar panels . They may have special accommodation needs. |
| Location: | Solar panels are most effective when exposed to direct sunlight. Although solar panels can generate electricity in shaded areas, permanent shade is not beneficial. |
| rental or own | Tenants are often prohibited from making changes to the property, but they can ask the landlord to install solar power. Tenants may be eligible to sign up for community solar panels , such as Arcadia, to power their homes with solar energy. |
| condition of the roof | Your roof may need to be repaired before installing a solar panel. Solar installers should check if maintenance is required during a roof inspection or consultation. |
Frequently asked questions about solar energy in Oklahoma
Is there a solar tax credit in Oklahoma?
Yes and no. Oklahoma residents qualify for the federal Clean Energy Credit with a 30% tax credit when purchasing a solar system. But Oklahoma currently has no state incentive or rebate program specifically for solar.
How Much Do Solar Panels Cost in Oklahoma?
The cost of solar panels in Oklahoma ranges from $19,950 to $35,910 before the federal solar tax is required. The total cost depends on several factors, including system size, roof repair, location and optional equipment.
How to choose a solar installer in Oklahoma?
With so many Oklahoma solar companies to choose from, try to review your options and get a few deals before making your final decision. In addition to the solar installers listed, check out CNET's selection of other top solar companies.
