2022 Update: The Inflation Reduction Act has changed the solar tax credit amount and time limits. Click here to access our free guide for homeowners in Oklahoma City.

There’s a reason you’ve probably noticed more and more homes across Oklahoma City installing solar panels! The 26% Federal Solar Tax Credit is being reduced at the end of this year. More and more homeowners are making the switch now to avoid paying more once this tax credit is reduced. If you are curious about solar, now’s the time to switch! Read on to find out why and find out how to maximize your savings with solar power. 

Solar Tax Credit Deadlines 

The solar tax credit is scheduled to sunset on December 31, 2022, at what point it will reduce from its current 26% down to 22%. After 2023, the solar tax credit deduction will be reduced to 0% and go away unless Congress decides to renew it.  

Savings With Solar Tax Credit

The average homeowner in Oklahoma saves $9,000 with the federal solar tax credit. If you calculate the cost of switching to solar and compare it to the cost of staying with your utility company, the numbers make it clear that switching to solar is an investment worth making.

However, the solar tax credit going away essentially means that homeowners who don’t make the switch this year will end up paying full price to switch to solar. Why pay more if you don’t have to?!

What To Do Before The Solar Tax Credit Goes Away

If you’re considering switching to solar, the first step is to determine if solar panels are right for your home. Here are some things to keep in mind:

• Is there enough room on your roof for solar panels? 

• Is your roof in good enough condition to support solar panels? 

• What size/type of solar panel system is right for your home and budget?

• Can your HOA limit or prevent you from installing solar panels? 

Finally, make sure that you understand how much energy your household needs and if solar is capable of providing all of it. For example, if you have an electric car or are planning on buying one in the future, you may need to plan for extra solar panels to accommodate it.

What’s the best way to find out if solar is right for your home? Schedule a free solar quote from our team! We analyze your roof, home, and energy bills to help you determine how many solar panels are needed and what system is best for your home. In addition, you will know how much the total costs are and be able to calculate the ROI of your investment. 

Key Takeaways 

Have questions about the solar tax credit going away in Oklahoma? Don’t wait for the solar tax credit to expire! Request a free solar quote today, learn if switching is right for your home, and maximize your savings. Schedule online today or give us a call at (405) 310-8081 to speak with an Oklahoma solar expert. 

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