Solar Panels in Tulsa, Oklahoma
Oklahoma is one of the top 10 states that produce solar energy for more than five hours per day. You get the same electricity from solar energy as you would from fossil fuels but without the high electricity prices. Because you generate your own electricity with solar panels in Tulsa, you will see greater savings every month.
Your electric bill will be reduced. You also avoid rising electric costs for many decades. There is no better time tow to install solar panels in Tulsa thanks to the local solar incentives and 26% Federal Solar Tax Credit.
Oklahoma Solar Incentives
A number of solar incentives are available in Oklahoma to make it more affordable to install solar panels in Tulsa. These incentives include a net metering policy, a home value rise, and a solar tax credit. Contact one of our solar sales experts today to learn more about solar incentives for solar panel installations.
This section will discuss your reasons for switching to solar energy.
- 26% Federal Tax Credit (ITC)
- Oklahoma Net Metering
- Property Value Increase
26% Federal Solar Tax Credit
Over the past decade, the cost of solar panels in Tulsa has dropped dramatically. With this tax credit, it is possible to reduce the cost even further. This federal tax incentive has made it possible for thousands of Americans to switch to renewable, clean solar energy. This offer may also be available to you. When you decided to move forward on a solar installation in Tulsa Oklahoma, you could take advantage of a 26% tax credit that will be reduced to 22% in 2023.
Net Metering in Oklahoma
Net metering is a great way to maximize the benefits of your solar panels in Tulsa. Also, net metering allows excess solar energy to be sent to the grid. Each kWh the grid receives will result in a credit being applied to your account, which will reduce your overall bill. You’ll save money on both fronts. You can produce your own electricity and sell your electricity. It seems like a great deal to us!
Oklahoma currently has a net-metering law. This law requires that any investor-owned utility company offer net metering. Many Oklahoma electric cooperatives offer net metering to members.
Tulsa Solar Panels Increase Homes’ Value
Solar panel owners in Tulsa have the added bonus of saving money each month. Solar panels can increase the value of your home. This means you’ll have more money if you ever sell it. Your home’s value will increase by $20 for every $1 you save on your electricity bill. If you could save $200 per month on your electric bill, your home’s value would increase by $4,000. You not only save money every month but also increase the value of your home. This makes solar panels in Tulsa a better long-term investment.
Is Oklahoma Eligible for Solar Tax Credits?
Oklahoma does not offer either a state income tax credit or a rebate for solar panel installation. Oklahoma homeowners still have the opportunity to take advantage of net metering and 26% federal solar tax credit, making installing solar panels in Tulsa, Oklahoma affordable.
Contact ESD Solar
ESD Solar can help you reap the benefits of installing solar panels during exterior home remodeling. ESD is one of the top solar companies in Oklahoma. 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 will provide the best solar panel installation in Oklahoma, Ohio, Florida, Texas, Colorado, and beyond.
