Solar power in Oklahoma City, Oklahoma
Oklahoma Gas and Electric (OG&E) offers its Oklahoma City customers net metering. However, OG&E is not required to pay its customers for excess generation their solar systems produce. This means if you apply to the net metering program, there is no guarantee you will receive compensation for excess energy your system generates and sends to the grid.
Despite OG&E’s substandard net metering policy, Oklahoma City residents can take advantage of the federal solar tax credit. The tax credit is equal to a large percentage of the cost of a solar system — 26% in 2020, and 22% in 2021 — and is applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for a year!
The average cost of installing residential solar panels in Oklahoma City,
Oklahoma in 2024 is
$2.58 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Oklahoma City, OK
is $12,900.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Oklahoma is only 1212kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Oklahoma City solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Oklahoma solar savings calculator can do this because it contains a database of the electric rates charged by Canadian Valley Elec Coop Inc, Central Rural Electric Cooperative Inc, Cimarron Electric Coop, City of Edmond, City of Lexington, Oklahoma Electric Coop Inc, Oklahoma Gas & Electric Co
How much can solar panels save you in Oklahoma City
What does the cost of a real solar system look like?
Facts about installing a 6.92kW solar system in Oklahoma City, OK
This system would offset 100% of your energy usage if your typical monthly bill is $107, however your situation may vary so try our Oklahoma City solar calculator to get a result tailored to you.
$13,007
Net cost of system
8 Years 6 Months
Average payback time
9,727 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
24¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 6.92kW system
Life-time savings on this system over the next 25 years
$38,319
(Prices shown after repayments of capital)
Average total cost of solar panel installation in Oklahoma City
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,016 | $6,497 |
| 4kw | $7,903 | $8,535 |
| 5kw | $9,694 | $10,470 |
| 6kw | $11,455 | $12,372 |
| 7kw | $13,105 | $14,154 |
| 8kw | $14,741 | $15,920 |
| 9kw | $16,250 | $17,550 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need for your home
Going solar in Oklahoma
Check out all of the ways energy providers of Oklahoma can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Net Metering | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
