Solar Savings Calculator for Norman, OK

Homeowners in Norman pay an average of $135/month for electricity through Oklahoma Gas & Electric (OG&E). With 5.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$135
Avg Monthly Bill
12.5¢/kWh
Electricity Rate
5.3h/day
Peak Sun Hours
$43,090
Est. 25-Year Savings

Calculate Your Savings in Norman

Adjust Your Details for Norman, OK

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,040
Federal Tax Credit (30%)
-$5,712
Net Cost
$13,328
Annual Savings
$1,620
Payback Period
8.2 years
25-Year Savings
$43,090
Return on Investment
323%

* Estimates based on 5.3 peak sun hours/day in Norman, OK, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Norman

Utility & Permits

Utility Company
Oklahoma Gas & Electric (OG&E)
Permit Cost
$275
Permit Timeline
2-3 weeks
Net Metering
partial

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$19,040
Net Cost (after credits)
$13,328

Available Incentives for Norman, OK

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

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