After the current ice storms left thousands without power, state Representatives Randy Terrill and Bill Nations believe Oklahomans may be open to using renewable sources of energy that can assist in a crisis and help moderate demands on more traditional power sources.

House Bill 1387, by Terrill and Nations, offers consumers tax credits for installing solar energy equipment and small wind turbines.

“This gives homeowners, farmers and businesses a helping hand by providing an alternative to high gas bills, plus it cuts down on air pollution by promoting clean air energy,” said Terrill, R-Moore. “This bill is an answer to Oklahomans who pay extremely high bills and ensures lower gas bills in the future – plus it provides some protection against winter storm power outages.”

Currently, Norman is home to Bergey Windpower Co., the world’s leading supplier of small wind turbines. President Mike Bergey said Oklahomans can now make good use of that “Oklahoma wind” by installing a wind turbine and radically reducing their electric and gas bills. Within a few years of installation, he said owners could enjoy mostly free electricity.

House Bill 1387 gives consumers a non-transferable tax credit equal to 40% of the total cost of installation for solar and wind energy systems including construction and equipment costs. The 40% credit can be carried forward for up to 10 years after installation.

“By supporting this bill, Oklahomans can support home-grown manufacturers of wind power equipment and expand local markets, creating new jobs and boosting the economy,” said Nations, D-Norman. “As the governor tries to make Oklahoma a leader in biofuels, both solar and wind power should also have stronger emphasis in the state. I am glad to work with Rep. Terrill in this bipartisan effort.”

Terrill said the initial cost of installation and equipment for renewable energy keeps many Oklahomans from taking that step. However, he said the cost savings on electric and gas bills, plus the tax credits available through the bill, would more than offset the upfront expenses.

“This legislation is a win-win situation for the consumer, for the environment and for the economy,” said Terrill.