Oklahoma Solar Panel Costs: 2024 Incentives and Savings Guide
Written by Saltanat Berdikeeva
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Edited by Jamie Cesanek
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Last updated 03/06/2024
Estimate your home’s solar cost and savings
20-year savings
$6,552
Incentives
$3,179
Upfront cost
$10,900
Payback period
8 years
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Key Points
After accounting for the 30% federal solar tax credit, solar panels in Oklahoma cost around $19,719.
The average cost of a solar panel system in Oklahoma is $28,170.
Most Oklahoma residents require a 9 kW solar system, larger than the national average of 8.6 kW.
The cost of a residential solar panel system depends on roof size, energy usage, installation fees, and more.
Solar power in Oklahoma
Installing solar panels in Oklahoma can significantly reduce high electricity bills, potentially saving thousands of dollars. The average cost of an Oklahoma solar system is around $28,170. Solar incentives like net metering have boosted installations and can increase your savings potential. Solar panels not only provide financial savings but also offer protection against utility rate changes and reduce dependence on the power grid. Learn more about installing solar panels, costs, and incentives to determine if solar is right for you.
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Oklahoma solar panel cost
Based on data from Find Energy, the average price per watt of a residential solar system in Oklahoma is $3.13. To compare, the U.S. average price per watt is $3.67, and the average system size is 8.6 kilowatts (kW). The average Oklahoma solar panel system is 9 kW and costs $28,170, slightly more than the national average total solar cost.
Oklahoma vs. the U.S.
Price Per Watt
System Size (kW)
Cost
Number of Panels
Oklahoma
$3.13
9 kW
$28,170
23–30
U.S.
$3.67
8.6 kW
$31,558
22–29
Oklahoma solar panel costs by size
A smaller-scale solar system can cover some or all of your home’s energy needs, depending on your home size and typical energy consumption. A larger system can supply all your power needs and send extra electricity back to the grid, increasing your savings with net metering. System sizes can fit your budget and be configured for different places, including balconies, ground, and home or garage rooftops.
A professional solar installer will assess your property and analyze your energy needs. Solar systems are customized to meet your unique requirements for efficiency and long-term cost savings. The following table shows various system sizes and costs at the Oklahoma average price per watt of $3.13.
System
size (kW)
Cost
Number of
panels*
5
$15,650
12 – 17
7
$21,910
18 – 23
9
$28,170
23–30
11
$34,430
27–37
13
$40,690
32–43
*Estimated panel count is based on the average panel size ranging from 300 to 400 watts.
After factoring in savings from the Residential Clean Energy Credit, the net cost of solar in Oklahoma is $19,719, with a payback period of about 11 years. Oklahoma residents currently pay $139.52 in monthly electricity bills, totaling about $1,674 annually. You could reduce or eliminate this annual cost by installing a solar system to cover all or most of your energy usage.
Factors determining the cost of solar panels in Oklahoma
The cost of a solar system for your home depends on the following factors:
Your energy goals
You will likely need a larger, more expensive solar system to fully offset your electricity usage. A smaller, less expensive system may be enough if you just want to reduce your electricity bills.
Solar system size
Larger solar systems need more panels and extra equipment, like inverters and mounts, contributing to higher costs. A large panel system can generate more electricity, leading to greater savings on energy bills over time.
Panel type
Higher-efficiency panels, like monocrystalline types, cost more but can produce more electricity in less space. Lower-efficiency panels, like thin-film solar cells, may be cheaper but require more to produce the same electricity output
Batteries
Some installers offer solar batteries to maximize solar energy use and backup power during a grid outage. The cost of batteries depends on their capacity, brand, installation, and other factors.
Roof
Your roof’s age, structural integrity, orientation, and available space can impact the solar panel installation costs. If your roof needs repairs, you may need to pay more to account for these changes.
Installer
Labor rates may vary between different solar installers. It’s worth getting several competitive quotes before deciding on an installer.
Interconnection and permitting fees
These fees add to the total cost of going solar. While many solar installers include these fees in their pricing, asking if they are part of their quote is important to avoid unexpected charges.
The best Oklahoma solar incentives
While the upfront cost of solar panels can be high, federal and state solar incentive programs help lower costs. There are no state-specific Oklahoma solar rebates or tax credits. However, solar customers can still save through net metering in Oklahoma and federal incentives.
Net metering is a state-based solar policy that rewards residents for installing grid-tied solar. If you purchase and install solar panels in Oklahoma, you can get a monthly credit on your electric bill for selling excess solar energy back to the grid. These credits help cover costs when sunlight is scarce, like at night or in the winter.
The federal government offers a 30% solar tax credit on the cost of solar. The credit applies to systems installed from the beginning of 2022 through 2032. The credit decreases to 26% in 2033 and 22% in 2034, expiring in 2035.
Solar incentives in Oklahoma City
Oklahoma City’s utility, Oklahoma Gas & Electric (OG&E), provides net metering to its customers to help them lower their electricity bills. Your solar system size must meet some or all of your energy usage to participate in net metering. In addition, the city provides the following clean energy incentives to its residents.
Oklahoma City homeowners can reduce their energy bills by making their homes more energy-efficient. You can apply for a Green Home Loan of up to $20,000 at a 3% fixed interest rate.
Residents of Oklahoma City can receive a rebate for installing energy-efficient heating and cooling systems, boilers, EV chargers, and appliances. Rebate amounts depend on the product and must be verified by a state-approved energy efficiency specialist. Rebates can change based on funding availability.
Solar incentives in Tulsa
Tulsa’s largest electricity supplier, Public Service Company of Oklahoma, provides solar net metering benefits to its residents. Qualified Tulsa homeowners with solar panels can get credits on their utility bills for sending surplus electricity back to the grid.
You can also reduce energy costs by upgrading appliances and heating/cooling systems. Tulsa residents may qualify for various incentives from their utility companies. However, each program has its requirements — it’s important to check the specific criteria before applying.
Replacement ground source heat pump – $150 per ton
Complete system (unit and ground loop) – $750 per ton
Air Source and Mini-Split Heat Pump – $150
Electric Vehicle Charging Station – $250
Marathon Electric water heater – $150
ENERGY STAR heat pump water heater – up to $500 for members
Weatherization – 50% of the cost up to $750
EV charging – up to $250 for members
Advanced Power Strips – up to $22
Programmable Wi-Fi Thermostat – $75
Energy Star Heat Pump Water Heater – $500
Pool Pump – $400
Attic/Ceiling Insulation – $400
Central Air Conditioner or Heat Pump Replacement – $200 – $800
Ground Source Heat Pump – $800
Window Air Conditioner – up to $50/unit
Electric Water Heaters – $199/unit
Heat Pump Water Heaters – up to $500/unit
Smart Thermostat – up to $50/unit (Limit of 2 per address)
Ground-Source Heat Pumps (new) – $300/ton
Ground-Source Heat Pumps (replacement) – $150/ton
Level II Electric Vehicle Charger – up to $250/unit (Limit of 2 per address)
Why choose Oklahoma solar power?
Solar is an excellent investment to reduce electricity costs, improve your energy independence, and lower your home’s carbon footprint.
Lower energy costs
Using solar energy in Oklahoma can help you save thousands on your electricity bills over time. You can avoid rising rates and price spikes during peak hours by switching to solar.
Greater energy independence
Going solar offers the benefit of being less reliant on utility-supplied electricity. Depending on size, your solar system can cover most of your electricity needs. You can keep essential appliances running during outages if you have a solar battery. Most solar-powered homes are tied to the grid but are not fully dependent on traditional electricity.
Go green
Solar panels positively impact the environment when they replace fossil fuel-fired power. The National Renewable Energy Laboratory (NREL) found that a solar system emits about 40 grams of carbon dioxide per kWh during its lifespan. In comparison, a coal-fired power plant releases over 1,000 grams of carbon equivalent per kWh in a lifetime. Solar is a renewable and green energy source, and it can help lower your home’s carbon footprint.
Solar financing options
Exploring all available financing options is essential if you are considering going solar. If you can’t afford to purchase a system upfront, you can lease solar panels or enter a power purchase agreement (PPA). In a solar lease, you pay the company a fixed monthly price; in a PPA, you pay a fixed rate per kWh.
Another option is community solar programs, where you share energy from a local solar farm with others in your area. Community solar can be helpful for renters and low-income households who can’t afford to buy solar panels.
Not sure which solar option is right for you? Explore some pros and cons of various ways to access solar in the following table.
Payment method
Benefits
Drawbacks
Cash purchase
Largest savings over time, ownership, incentive-eligible, electricity bill savings
No upfront costs, power home with clean energy, electricity bill savings
No ownership
Oklahoma solar panel companies
If you decide to go solar, you can choose from various trusted providers. We vet our solar installers and offer you a curated customer experience. Your selected solar company will help you determine what fits your needs and design a customized solution for your home.
To start your solar journey today, call the number on your screen or fill out the solar estimator on this page.
Picking a quality solar installer is one of the most important things you will do on your solar journey. You should consider several key factors to ensure you choose a reputable and reliable solar professional. Here are some things to look for:
Experience. Look for a company that has a track record of completed installations.
Licensing and certification. Ask for information on licenses and certifications, like the North American Board of Certified Energy Practitioners (NABCEP), required by your state or local government.
Customer reviews and references. Read online customer reviews and ask a contractor for references from previous customers to ensure the company has a good reputation, high customer satisfaction, and quality of work. Check online for any class action and other lawsuits against the company.
Quality products. Ask what brands and types of solar panels, inverters, and other components the contractor uses. Look for reputable manufacturers with good warranties and proven performance ratings. A dependable contractor will be transparent about the products they install and explain the reasons behind their choices.
Warranty. Inquire about product and quality-of-work warranties. A reliable installer should provide warranties covering the installation services and the equipment. Some contractors may offer post-installation services like maintenance and monitoring of your energy system’s performance at an additional cost.
Customer support. Customers may need assistance during and after the installation of solar panels. Review responsiveness to customer complaints and issues before deciding on a contractor.
Important solar installation factors to consider
Here are a few factors to be mindful of when choosing to install a solar panel system:
Roof suitability. Evaluate the condition, age, and structural integrity of your roof to ensure it can support the weight of the solar panels. Consider its orientation, pitch, and any obstructions that may affect the placement of the panels. Roofs with a southward pitch between 15 and 40 degrees are ideal for solar generation.
Solar potential.Solar panels in areas with more direct sun and less shade will generate more energy.Consider sunlight exposure, shading, tilt and roof orientation to assess your property’s solar potential.
Neighborhood rules. Some homeowners’ associations (HOAs) may have restrictions on solar panels in Oklahoma. Check with your HOA before installing solar panels to avoid any issues. Your solar installer can help you work through potential obstacles.
Oklahoma solar panels can cost around $28,170 or more before any incentives are factored in. The cost of your solar panels varies based on the size of your home, energy consumption, roof orientation, solar panel type, and other factors.
Yes. The initial costs are expensive, but you’ll save in the long run. The federal tax incentive allows you to take a 30% credit off the initial cost, lowering your tax bill for the year. You’ll also save on energy each month using renewable energy instead of relying on your utility.
Your savings with solar panels will depend on your household’s energy consumption and solar system size.
SaveOnEnergy can help you find a reputable installer. Enter your information in the solar estimator to learn how much you can save by installing solar on your home.
While you can install solar panels yourself, hiring a professional solar installer in Oklahoma is best. They know how to design and install a solar system by following local regulations and ensuring safety and maximum energy production. In addition, if you can’t provide proof that your solar equipment is properly installed and permitted, manufacturers might reject warranty claims.
Free solar panels are advertised as a way for homeowners to reduce their energy bills and carbon footprint. However, these offers can be deceptive and even scams. Solar companies claiming to provide “free” solar panels may ask you to sign a long-term lease or misleading loan. These agreements often have hidden fees and additional costs in the fine print of their contracts. Before agreeing to anything, research the solar company carefully and read any proposal’s fine print.
Yes, getting solar panels can be a valuable investment. They let you generate your electricity, reducing your reliance on utility companies and potentially lowering your monthly energy bills. Over time, these savings add up, making solar panels a cost-effective option. Solar power also gives you more stability during power outages or price changes and lets you manage your energy usage better.
Solar panels do not produce greenhouse gases or cause pollution when generating power for your home. Solar power is a sustainable energy source that cuts your home’s carbon footprint and saves energy.
In Oklahoma, solar panels typically last 25 to 30 years. However, the overall system’s lifespan depends on other parts, like inverters and mounts, which might need upkeep and replacement. The actual longevity of solar panels varies based on factors like the quality and brand of the solar panels, regular cleaning to remove dust and debris, and the degradation rate. Most solar manufacturers offer a performance warranty guaranteeing about 25 years of production.
