Do Ohio residents get tax credits for solar?

Ohio residents can take advantage of multiple tax credits, incentives, and rebates for installing solar PV systems. There are federal, state, and sometimes local programs they can harness to offset installation costs and start saving on energy costs.

Are there solar incentives in Ohio?

In Ohio, there are very few solar incentives. Unless you live in Cincinnati, there are no local tax breaks. For the rest of the state, you’ll need to rely on low-interest loans to make going solar more affordable. Here are the available solar incentives in Ohio:

Should you finance solar panels in Ohio?

Given rising energy costs in Ohio and elsewhere, financing solar panels makes sense as long as your monthly loan payment is less than what you would be paying the utility company anyway. Solar panels essentially generate free electricity once the initial installation costs are paid for. 3. Ohio solar incentives: tax credit and loan programs

Is going solar worth it for Ohio residents?

Going solar is worth it for Ohio residents. Solar panels can generate clean energy for decades. Ohio’s solar industry and incentives also allow homeowners to save money while reducing their carbon footprint. These savings can vary depending on factors such as the cost of electricity, available incentives, climate, and sun angle.

How much do solar panels cost in Ohio?

After the full federal solar investment tax credit, the average cost for solar panels is $16,128 in Ohio, which is cheaper than in many other states. The national average is $16,715. To help make going solar easier, Ohio offers an abundance of low-interest solar loan options. Residents of Cincinnati can also benefit from tax incentives.

Is Ohio a good state to go solar?

Ohio is one of the best states for going solar. The state offers generous incentives and rebates for the adoption of solar tech. Not only that, but many cities have adopted their own local incentives, making solar especially enticing in many parts of the state.