Solar Incentives in Oklahoma
Business owners in Oklahoma can still take advantage of the Federal Investment Tax Credit to reduce the total cost of a solar energy system by 30%. This can be used in addition to the USDA's REAP Grant.
Net metering is available to all customer classes in Oklahoma. There is no limit on the amount of aggregate net-metered capacity, and utilities are not allowed to require new liability insurance as a condition for interconnection.
Oklahoma business owners can take advantage of the federal Production Tax Credit (PTC). Solar systems under 1 MW that meet labor requirements are eligible for a tax credit of 2.75 cents per kWh. Larger solar systems over 1 MW that do not meet these standards still qualify for a lower rate of 0.55 cents per kWh.
What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in Oklahoma, as well as AG producers through this program. |
handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of Oklahoma and any agricultural producer can apply and may be eligible.
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Act Now!
Oklahoma offers very few solar incentives, and none of which are more valuable than the USDA's REAP Grant. The 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry, so take advantage of the USDA's REAP Grant while it is still available. Fill out our interest form to get started!
The REAP Grant is available in:
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