Oklahoma · Tax credit · Mid-stack program
OK Renewable Energy Income Tax Credit
Reduces residential solar owners' tax liability in Oklahoma -- see the credit amount, who qualifies, and how it shortens payback below.
- 50 cents per watt, max $7,500
- stated benefit
- Residential
- eligible customers
- 15.5 yr
- Oklahoma baseline payback
- 2
- other Oklahoma programs
Mid-stack program · late directory
Oklahoma stacks 3 tracked programs; this tax credit sits beside peer levers on a 15.5-year modeled baseline.
- Stack3 programs
- In-state #2/2
- Type #7/9
- Baseline15.5 yr
In-state directory place #2 of 2 (late alphabet). National tax credit directory #7 of 9. Amounts and eligibility change; verify with the official program page before relying on a dollar figure. Informational only - not financial advice. See our disclaimer.
Program description
Oklahoma income tax credit for qualifying renewable energy installations.
Program at a glance
- Program type
- Tax credit
- Eligible customers
- Residential
- Stated benefit
- 50 cents per watt, max $7,500
- State electricity rate
- 11.5¢/kWh
- Oklahoma solar score
- 29/100
Solar's trajectory in Oklahoma
The market this incentive operates in: total installed solar capacity in Oklahoma reported to the EIA.
Oklahoma's solar incentive stack
How this tax credit sits among Oklahoma's 2 tracked programs, by type
- Net metering
Net metering
1 programs
- Tax credit
Tax credit
1 programs
What this shows Oklahoma tracks 2 incentive types; 1 of them, including this one, are tax credits. Credits reduce what solar owners owe directly, on top of whatever the other stacked types provide.
Where this tax credit sits in Oklahoma's mid-size stack
The OK Renewable Energy Income Tax Credit is a state-level credit against what you owe, tracked as one of Oklahoma's solar incentives in the DSIRE registry. Eligibility is scoped to residential customers, with a stated benefit of 50 cents per watt, max $7,500. DSIRE lists no scheduled sunset, though enabling legislation and appropriations can still be revised year to year.
That baseline is slower than most states, which raises the stakes for every incentive on the table. Oklahoma averages 5.3 kWh/m²/day of usable sunlight and residential rates of 11.5¢/kWh, producing an estimated 9,286 kWh/year and $1,068 of annual utility offset on a typical 6 kW system costing $16,500. That baseline already implies a 15.5-year simple payback and a 25-year modeled net of roughly $10,200 before this incentive - every dollar this tax credit delivers compresses that payback further.
A handful of other levers are worth checking alongside this one. Oklahoma has 3 solar incentive programs indexed in DSIRE, including adjacent options like OK Net Metering. The state's net-metering policy is classified as full, which governs how excess generation is credited and often decides whether a given program is worth claiming for a specific household.
Other Oklahoma incentives
Frequently asked questions
What is the OK Renewable Energy Income Tax Credit among Oklahoma's mid-size programs?
How does the OK Renewable Energy Income Tax Credit work?
Who qualifies, and what does a late in-state directory place mean?
How does this incentive affect solar ROI in Oklahoma?
Are there other solar incentives in Oklahoma?
Incentive data from the DSIRE (Database of State Incentives for Renewables & Efficiency); state solar economics from NREL and the U.S. EIA. See our methodology · Oklahoma solar data · ROI calculator · All incentives.