This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer.
Oklahoma has very few solar incentives for commercial businesses. However, there are several federal solar incentives available, which can significantly reduce the cost of commercial solar projects in Oklahoma.
Oklahoma Net Metering Program
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.
Fill out our interest form to get connected with one of our trusted installers and find out which regional solar incentives you may qualify for!
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Federal Incentives Available in OK
Business owners in Oklahoma may also take advantage of the federal solar incentives available. When applied in combination Oklahoma's net metering program, these incentives have the potential to significantly reduce the cost of installing a commercial solar system.
- Business Energy Investment Tax Credit (ITC)
The Business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district.
Connect with a local installer to find out if you qualify for additional tax credits.
- Renewable Electricity Production Tax Credit (PTC)
Business owners in Oklahoma may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.
Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.
- Modified Accelerated Cost-Recovery System (MACRS)
Oklahoma business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
- Oklahoma Commercial Property-Assessed Clean Energy (C-PACE)
C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.
- Rural Energy for America Program (REAP Grant)
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
This grant is only available if you own a small business in an area with less than 50,000 in total population.
Connect with a local Oklahoma installer to see which federal incentives can contribute to your solar system.
Get Connected with an Installer!
As the premier solar equipment distribution company in the United States, Greentech Renewables goes beyond supply by connecting business owners to our vast network of trusted local Oklahoma installers. Our installers work closely with our local Oklahoma Greentech Renewables locations to guide you through each stage of the project from creating a custom proposal and project design to acquiring materials and installing the solar system. Fill out our interest form to get connected with the perfect OK installer for your solar needs!
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