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Oklahoma Incentives

123SolarPower is the top network of photovoltaic solutions and energy efficiency experts in North America. Our company has professionals throughout the U.S. and Canada. We make it simple for homeowners and businesses alike to find the best solar power solutions. We are ready to help you with renewable energy evaluations, solar panel sales, and installations. 123SolarPower is your source for Oklahoma solar panels. With local professionals we are sure to have someone available to help find great deals and custom plans for solar panels for sale Oklahoma.

Oklahoma Solar Power

Oklahoma has a renewable portfolio standard (RPS) of 15% by 2015. The goal of this voluntary standard is for the state to produce 15% of its electricity from renewable sources by 2015. Projections show that rooftop solar panels in Oklahoma can provide 25% of the total electricity currently used in the state. The city of Tulsa, OK was selected as the starting point for the 2010 American Solar Challenge race. Between 2010 and 2013, the state’s total grid-connected capacity grew from less than 0.1 MW to 0.7 MW. While Oklahoma’s net metering policy is currently considered one of the worst in the United States, efforts like Senate Bill 1456 have focused on improving the state’s policy. 123SolarPower carries solar panels Tulsa, Oklahoma City, Norman, and Broken Arrow.

State Tax Incentives

The state of Oklahoma does not offer any tax incentives for switching to solar energy. Residents of the state can still add value to their home and save money on a monthly basis by installing a solar power system. The average cost of electricity in Oklahoma is $0.09/kwh. Without solar, the average electricity bill for homeowners is $159. After switching to solar, the average bill is $68. With an average monthly solar payment of $48, homeowners can expect to save $43. Not only does making the transition to solar power provide annual savings of over $500, but a solar panel system also adds significant value to homes and property. After installing residential solar panels Oklahoma, the average long-term increase in a home’s value is $20,000.

Federal Tax Incentives

Installations of solar panels Oklahoma do receive federal benefits. Homeowners who install a solar power system can claim a tax credit from the federal government. The current version of the Energy Policy Act of 2005 provides a 30% credit for the cost of installing a renewable power system. This sizable tax credit is easy to claim. When you file your federal tax return, include Form 5695. You can download Form 5695 for free from the IRS website. If the amount of the credit exceeds the balance on your tax return, the surplus will be automatically applied to your next federal tax filing.

The financial incentives that are currently available make now the ideal time to buy solar panels Oklahoma for your home or business. We will work with you to find great solar panels Oklahoma at cost effective prices. The Federal budget for solar accreditation is limited, so going solar now not only maximizes federal savings, but helps your system start saving on utilities right away.

Help For All Oklahoma Residents

123SolarPower is your partner in Oklahoma for solar power solutions. We connect homeowners and businesses with the best providers of solar energy equipment. Choosing solar power comes with many benefits. Receive a free estimate of installation costs and more information about available solar energy savings today by filing out the above form. You can also talk to a 123SolarPower expert by calling us at 800-294-2397. When you think solar panels in Oklahoma, start thinking 123SolarPower.

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Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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