Slowly but surely, Oklahoma's energy economy is beginning to incorporate solar power. The state's high solar radiation levels are especially beneficial, and conditions can only improve for Oklahoma homeowners interested in solar energy systems. Read on to to learn why installing a residential solar energy system may be right for you.
Grid Connected Solar Power Systems In Oklahoma (2012)
- Residential Systems: 0.1 Megawatt
- Non-Residential Solar Power Systems: N/A Megawatt
- Utility: N/A
- Total: 0.2 Megawatt
- Cumulative: 0.3 Megawatt
While the Oklahoma solar energy industry currently has very few grid connected solar power systems, the state has recently begun to take steps in the right direction. Oklahoma established a voluntary Renewable Portfolio Standard (RPS) goal which states that 15% of the state’s energy should come from renewable resources by 2015.
Cost of Electricity in Oklahoma
- Electricity Price: $0.09 per kwh
- Average Electricity Bill: $159.00
- Average Bill after Solar: $68.00
Even with one of the lowest average electricity rates in the nation, a solar energy system in Oklahoma can cut monthly bills in half. Monthly payments for leased solar power systems are about $48. With a leased system, homeowners can still save up to $43 each month. A home solar installation in Oklahoma takes about 11 years to pay for itself.
Average solar radiation in Oklahoma is between 5 and 6 Kilowatt per day over an area of 1 square meter (10.76 square feet). This represents one of the highest values nationally, behind only Arizona and New Mexico in annual solar radiation. Oklahoma additionally enjoys about 230 days of sunshine each year.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: None
- State Solar Rebate: None
- Property Tax Exemption: None
- Sales Tax Exemption: None
Although Oklahoma currently does not offer any solar incentives to homeowners, it does require all investor-owned utilities and electric cooperatives to offer net metering to customers. Some counties and cities in Oklahoma offer their own solar incentives. The Federal Tax Credit also applies to solar installations in the state.
Solar Installers in Oklahoma
Solar installers can only install solar panels if they are formally licensed as electrical contractors in the state of Oklahoma. To check if a contractor is properly licensed, call (405) 271-5217, or verify the license of your solar installer on the state’s website.
Summary: Good Conditions for Solar Power Systems
While Oklahoma still needs to establish firmer solar policies and incentives, a solar investment will still drastically cut monthly electric bills. Oklahoma's abundant sunshine and net metering policies promise a strong future for solar. To calculate your own potential costs and savings, please use our Solar Calculator, or contact solar installers in your area.
Solar Energy Fact Sheet: Oklahoma, © SolarContact.com