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Oklahoma — Solar Incentives, Tax Credits, and Rebates

Homeowners in Oklahoma can use the federal solar tax credit along with net metering incentives to reduce the cost of going solar and save thousands of dollars in upfront costs.

Astrawatt Solar Installation

Oklahoma Solar Incentives and Tax Credits

Federal Solar Tax Credit

The federal solar tax credit is a great benefit for homeowners in Oklahoma and will be your biggest source of cost reduction when you go solar.

The Investment Tax Credit (ITC), also called the federal solar tax credit, helps you reduce the cost of your solar energy system. You can deduct 26% of the cost of your solar energy system from your federal taxes. There is no cap on the value of your tax credit and it applies to both residential and commercial systems.

The federal solar tax credit is 26% for systems installed in 2022, but the tax credit will drop to 22% in 2023. If you’re debating on when to go solar, it is recommended that you go solar in 2022 in order to make the most of the federal solar tax credit.

Net Metering in Oklahoma

Net Metering is when your utility company monitors how much energy your home’s solar system produces and how much energy you consume. If your home’s solar system generates a surplus of energy, you will receive a credit from your utility company for that surplus energy.

Homeowners in some states receive full retail rate credit for the amount of surplus energy you send back into the grid. In Oklahoma, you receive credits at an avoided cost rate for the amount of surplus energy you generate.

Avoided cost rate is the amount it would have cost your utility company to burn coal or gas at one of its plants to generate electricity.

In Oklahoma, the utility companies are not required to purchase your surplus energy like they are in other states. You can request that your utility company purchase your surplus energy, but the final decision is up to each individual utility company.

We recommend that you research and speak with your utility company about your net metering options.

Oklahoma Property Tax Exemptions for Solar Homeowners

Oklahoma does not currently offer property tax exemptions for installed solar systems.

Oklahoma Solar Rebates

There are no solar rebates currently available for homeowners in Oklahoma.

DSIRE Incentives Database - Oklahoma

The Database of State Incentives for Renewables and Efficiency (DSIRE) is a comprehensive database that Oklahoma residents can use to search for and find solar energy incentives in Oklahoma and across the entire country.