If you find that your energy bill is higher than you’d like and previous rate increases have left you feeling discouraged, considering generating your own energy may be a more appealing option. Luckily, there are local and federal incentives available in Ohio that can make the switch to clean energy much easier. One of the most significant federal incentives is a major tax credit provided in the Inflation Reduction Act, offering a 30% rebate on the cost of any clean energy additions you make to your home during tax season.
Ohio also offers various local incentives to encourage homeowners to install solar panel systems. Net metering policies allow you to sell excess energy back to the grid for credits, which can be used in months where your energy generation is lower. Additionally, there is a property tax exemption for solar panel systems that may help eligible homeowners make clean energy additions to their homes.
To determine if solar is the right choice for you, consider factors such as your roof’s condition and shading, your energy usage, and the cost of installation. It’s recommended to obtain multiple quotes from solar installers before making a decision. Here are some of the best solar panel companies in Ohio:
– Palmetto Solar: Best overall for low maintenance and monitoring services.
– SunPower Solar: Best for top-of-the-line solar panels.
– Freedom Forever: Best for cash customers with production guarantees.
– Tesla Solar: Most affordable option with quality panels and Powerwall storage.
Additionally, there are local Ohio solar installers such as Ohio Power Solutions and Yellowlite that offer quality solar products and installation services. When choosing a solar panel company in Ohio, consider the process, pricing, products, warranties, and reputation. Getting quotes from multiple companies and seeking recommendations from friends and neighbors can help you make an informed decision.
The average cost of solar panels in Ohio varies depending on the installer and system size. Before factoring in tax credits and incentives, the average total installed cost for an 8kW system is around $27,280. Solar tax credits and incentives, such as the federal Residential Clean Energy Credit and local net metering programs, can make solar energy more affordable in Ohio.
When it comes to paying for solar panels, options include solar loans offered by your installer or paying in cash if you have the funds available. It’s essential to explore different financing options and consider the long-term savings and benefits of switching to solar energy.