Oklahoma solar rebates and tax credits calculator

Solar incentive

Federal ITC 26% (tax credit)

State tax credit: No

Net metering (by utility)

Calculate for your homes location

There can be solar tax credits and incentives available at the federal, state and local levels. The calculator above will show you the value of all incentives your home is eligible for.

Summary of Oklahoma solar incentives 2020

Oklahoma has some work to do to start paving a path to a cleaner energy future. With no renewable portfolio standard (RPS) in sight, there is no motivation for utility companies to comply with clean energy laws, and no offers from them to help you install solar panels on your roof. We urge anyone who cares about being part of a cleaner energy future to demand more from your state representatives.

On this page, we cover all of the solar and battery incentives, rebates and tax credits available for your Oklahoma home. We also encourage you to use the Oklahoma solar calculator above. It allows you to drill down and show only your roof and computes a savings estimate customized to how much sun you get where you live.

On this page, you can:

  1. Learn what solar incentives are available to Oklahoma homeowners

  2. See what Oklahoma solar incentives you qualify for based on your utility company and city

  3. Find out how much these incentives and/or Oklahoma solar tax credits will reduce your cost to go solar and add batteries

Federal solar investment tax credit

The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in Oklahoma

This perk is commonly known as the ITC, short for “Investment Tax Credit”. If you install your photovoltaic system in 2020, the federal tax credit is 26% of the cost of your solar panel system. This is 26% off the entire cost of the system including equipment, labor and permitting.

Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 26% = $5,200.

The federal tax credit falls to 22% in 2021. Unless new legislation is introduced in Washington D.C., this program will be gone in 2022.

Net energy metering in Oklahoma

With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.

Net Metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume to make sure you get credit for the surplus.

Oklahoma requires investor-owned utilities and electric cooperatives to offer net metering to all customers. All systems up to 100kW are eligible. 

While that sounds like pretty solid language, overall Oklahoma’s net metering is not strong, because the utility companies are not actually required to purchase your excess electricity generation. Customers can request that their utility purchase excess generation, but the decision ultimately rests with the company, not the customer. 

Oklahoma solar rebates

While Oklahoma does not have a dedicated state rebate for solar panel installation, some manufacturers like LG offer their own solar rebates. These programs are usually time sensitive. For example, LG offers a $600 solar rebate on their equipment, which your installer can help you redeem over the next year.

Cost of solar panels in your part of Oklahoma after all applicable solar incentives

Solar prices near you

Cost range of local prices

$22,197-$27,129

Payback period

10.3-12.6 years

Net profit (savings less system cost)

$39,693-$48,513

Average size system installed in OK in 2020

11.7kW

Solar panel cost calculator

Best 10 solar companies in Oklahoma

8 solar companies in Oklahoma provide pricing on SolarReviews. Here are the best rated companies near you.

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