The Complete Guide to Oklahoma Solar Incentives
Considering solar panels in Oklahoma? With more than 300+ sunny days per year and some of the top solar incentives in the US. Its no wonder why so many are switching to solar in The Sooner State!
In this article we'll explain the top solar incentives & local programs available to Oklahoma home & business owners.
Read on to learn more or enter your zip code below to see exactly which solar incentives & programs your home qualifies for!
What Are Oklahoma Solar Incentives?
Oklahoma offers a range of solar incentives to encourage the adoption of solar energy systems among residents and businesses. These incentives, including tax credits, rebates, grants, and net metering programs, are designed to make solar installations more affordable and accessible. Some solar programs even provide opportunities for free installation of solar panels in Oklahoma, helping individuals and businesses reduce their upfront expenses and enjoy the financial benefits of transitioning to solar power.
Federal Solar Investment Tax Credit (ITC)
The federal solar tax credit, also known as the Investment Tax Credit (ITC), is a financial incentive provided by the U.S. federal government to promote the adoption of solar energy systems.
For Oklahoma residents, the solar tax credit allows homeowners and businesses to claim a 30% tax credit of the total cost of their solar panel system installation. This credit can be applied to offset federal income taxes owed, resulting in significant savings.
The federal solar tax credit has been instrumental in making solar energy more affordable and accessible, helping Oklahoma residents lower their upfront costs and accelerate the return on investment for their solar projects.
Solar Net Energy Metering (NEM)
Net metering in Oklahoma enables homeowners and businesses with solar energy systems to receive credits for excess electricity they generate and feed back into the grid. These credits offset future electricity bills during periods of low solar production, maximizing the financial benefits of solar investments and reducing overall electricity costs. Net metering promotes energy self-sufficiency by reducing dependence on traditional utility sources and contributing to a more sustainable energy future. It also supports the grid by providing clean energy during peak demand periods, improving reliability.
The OKC Green Home Loan Program
The Green Home Loan Program in Oklahoma City offers homeowners up to $20,000 at a fixed 3% interest rate to make energy-efficient improvements. This program allows homeowners to upgrade insulation, install energy-efficient windows and doors, replace HVAC systems, and invest in renewable energy systems like solar panels. By participating in this program, homeowners can reduce energy consumption, lower utility bills, improve home comfort, and contribute to environmental sustainability. The fixed interest rate provides clear repayment terms and makes it easier for homeowners to budget for their energy-efficient upgrades.
Enter your zip code to see which Oklahoma Solar Incentives you qualify for!
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Going Solar in Oklahoma
Oklahoma, with its favorable climate and abundant sunlight, presents a promising opportunity for the adoption of solar energy. By embracing solar power, residents and businesses can decrease their dependence on traditional energy sources, resulting in significant savings on electricity bills and a positive environmental influence. With a variety of incentives, programs, and financing options available, transitioning to solar in Oklahoma offers not only financial advantages but also the chance to actively contribute to building a more sustainable future for the state.
Start the switch to solar today and explore all of your solar options with a Solar Savings Quote from EcoGen America, Oklahoma's most trusted solar company.
Make the switch to solar and start saving!
Contact our team of local solar advisors and see how much you can save on your electricity bill.
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