Make The Switch To Solar Panels In Oklahoma
The Sooner State is 45th in the nation for solar energy usage. Solar power currently produces 84.7 MW from Solar Panels In Oklahoma. Although solar power is not as common in Oklahoma as it is in other states like Texas, Oklahoma is expected to increase its solar energy production. In Oklahoma, solar prices have fallen by 36% in the last five years. Because solar power is cheaper than other forms of energy, the initial investment will not be as large. It is clear to see how financial-beneficial solar power can prove to be when you consider the tax incentives, low energy rates, and short payback periods.
Oklahoma Solar Panel Cost
A residential solar panel costs between $15,000 and $25,000 (between $3-$5 per Watt). Most homes use around 5kW. Calculating costs will allow you to determine the return on your initial investment. The average homeowner’s payback period is 6 to 9 years.
Rebates Or Incentives For Solar Energy In Oklahoma
You can get tax incentives for installing Solar Panels In Oklahoma. This will reduce your initial investment. The federal government offers an Investment Tax Credit that allows you to receive a 26% tax credit for the remainder of 2022. Homeowners can get a 22% tax incentive on their purchase price by 2023. Unless Congress renews the tax credit, the tax credit will expire in 2024. It’s therefore a good idea for homeowners to plan their solar installation as soon as possible.
Oklahoma currently does not offer state incentives. You may be able to sell excess power back to your grid. Net metering is a way to make money from your investment.
Why Choose Oklahoma Solar Power Instead?
Lower Energy Costs
Solar power is a natural energy source that can reduce or eliminate monthly energy bills. You can also enjoy significantly lower utility costs and increase your home’s worth. According to the U.S. Department of Energy, solar panels can increase your home’s worth by approximately $15,000. Solar Panels In Oklahoma can be a great way to save money.
You also gain energy independence. Your solar system generates power for you, instead of depending on a utility company for electricity. A solar battery will make it easier for you to keep your home powered during severe weather. Because you use more natural energy, price increases in energy will not have a significant impact on your budget.
Produce Renewable Energy
Solar panels are a renewable energy source that is low-impact on the environment. Solar panels also have a lower carbon footprint than other forms of renewable energy, as they don’t rely on fossil fuels. Solar panels emit fewer pollutants than traditional coal-energy sources, on average.
Oklahoma Solar Panel Companies
You have the option to choose from several trusted companies to install your solar panels in Oklahoma when you go solar. Your solar company will work closely with you to find the best solution for your home.
Contact ESD Solar
ESD Solar can help you reap the benefits of installing solar panels during an exterior home remodeling. Solar energy is our specialty and we will help you choose the best option for your home.
Call us today for more information to talk to a solar installer and how they should be installed. We can help you determine if solar panels are right for your home and how to incorporate them into your roof design. ESD Solar Company can provide the best solar panels for your home, in Oklahoma, Ohio, Florida, Texas, Colorado, and across the Country.