Is Solar Power Worth It in Oklahoma?
Is solar power worth the investment in Oklahoma? This is a question that many homeowners have, especially those who live in areas that get a lot of sun. It’s understandable why residents assume that Oklahomans are inherently saving money by having free solar energy with this assumption being, after all, what makes Oklahoma so great!
Figuring out if a solar panel system is worth it in Oklahoma is a complicated process. To begin with, costs are different for everyone. Make sure to factor in the money that you would save on your power bill over time. Typically, it is a very good idea to have solar panels installed thanks to the high savings and tax credits. In this article, we have given a comprehensive guide that will help take the guesswork out of whether or not solar panels are worth it in Oklahoma.
How to Determine If Solar Panels Are Worth It in Oklahoma
Oklahoma homeowners can save more than $14,000 annually by switching to solar. However, these savings are not guaranteed for every homeowner. Here are some things to consider when deciding if solar power is right for you.
How Much Electricity Do You Use in Your Home?
It is easy to see how solar can benefit you by looking at your monthly energy consumption. This information can be found on your previous energy bills. The majority of the savings you get from solar energy will be on your electricity bills. If you don’t use enough power, you might end up spending more money than you save long-term.
What Is the Payback Period for Solar in Oklahoma?
Solar panels installed in residential homes almost always pay for their costs by reducing energy bills. This solar panel return period is the timeframe for this payoff. This method is great for estimating the cost of solar energy for your home. It takes into account several factors, such as the cost of solar panels and your monthly energy consumption.
Oklahoma’s average payback time is 16 years. This is significantly longer than the 12-year average for the rest of the nation. This metric alone shows that solar in Oklahoma is less expensive than in other states. The typical payback period for solar in this area is between 13 and 19 years. While you will save money if your payback period is less than 25 years, longer payback periods will result in lower overall returns.
How Much Sun Does Your Roof Get?
The sun’s rays that solar panels receive are as important as their value. Homes with more sunshine will be more suitable for solar panel installation. Oklahoma has an average of 234 sunshine days per year. This is significantly higher than the national average of only 205 days. Oklahoma is a great place to install solar panels because of its lack of clouds.
There are a few factors that could make your property less attractive for solar. How much money you can save will depend on the orientation and direction of your roof. The best roofs in the US are those facing south, but west-facing roofs may be acceptable. Also, you will need to evaluate the shading from trees and buildings on your roof. Solar panels that receive more shade will be less efficient the more they are exposed to sunlight.
What Is the Outlook for Oklahoma’s Solar?
Oklahoma is near the bottom of the list for solar prevalence. This is due to the popularity and benefits of wind power. Also, Oklahoma is ranked third in the nation for wind power generation and 45th for solar power installations. Renewable energy is accepted widely in the region, but more attention is being given to promoting wind power. There are not many incentives to install solar in Oklahoma because the wind is helping the state achieve its Renewable Portfolio Standard (RPS).
Go Solar With ESD Solar Today!
To conclude, I will say this. Solar power is definitely worth it in Oklahoma. If you want to save as much money as you can on your Oklahoma home’s utility bill, start by installing a solar panel system.
There are many benefits to installing a solar panel system in your home or business. It will decrease your electric bill. Aside from that, it’s an investment in your property, and it’s a great way to reduce your carbon footprint. To find out more about the advantages of solar energy in Oklahoma, contact ESD Solar today!