How much do solar panels cost in Ohio?

As of July 2024, the average solar panel system costs $2.67/W including installation in Ohio. For a 5 kW installation, this comes out to about $13,359 before incentives, though prices range from $11,355 to $15,363. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

How much does a 5 kW solar system cost in Ohio?

While a 5 kW system will only cost you $13,359 in Ohio, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in Ohio?

Are solar panels a good investment in Ohio?

Ohio’s solid net metering and SREC programs make solar panels a good investment for pretty much anyone. Factor in the federal solar tax credit, and Buckeyes can cut the cost of solar by thousands of dollars, speeding up their payback periods and increasing the value of their investments. Here's our guide to going solar in Ohio.

How much do solar panels cost?

This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’.

Is it worth investing in a solar PV system in Ohio?

Yes, it’s worth investing in a solar PV system in Ohio, considering the increasing electricity bills. Electricity bills in the state have been steadily increasing in recent years, with a 14% increase from 2022 to 2023, according to the Energy Information Administration (EIA). While installing a solar PV system has high initial costs, you will enjoy the following benefits:

Is it possible to get free solar panels in Ohio?

You cannot get free solar panels in Ohio. However, if upfront costs are still out of your budget after considering incentives, you might consider leasing solar panels. Leasing is less expensive than purchasing, but it does not offer the same tax and net metering benefits.