Cost & Savings Breakdown
Based on $150/month electric bill in Norman
System Size
7.7 kW
Annual Production
11,967 kWh
Gross System Cost
$21,652
Federal Tax Credit (30%)
-$6,496
State Incentive
-$500
Net Cost
$14,656
Monthly Savings
$122
CO₂ Offset/yr
11,010 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityOG&E
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.122/kWh
Peak Sun Hours5.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Oklahoma State Incentive — Oklahoma offers a property tax exemption for solar installations.
Common Questions
How much does solar cost in Norman?
Solar in Norman, Oklahoma costs approximately $21,652 for a 7.7 kW system. After the 30% federal tax credit, your net cost is about $14,656.
What is the solar payback period in Norman?
The estimated payback period for solar in Norman is 10 years, based on a $150/month electric bill and local sun hours of 5.3 hrs/day.
Does OG&E offer net metering?
OG&E offers Full Retail net metering. Full retail rate.