Ohio Incentives
123SolarPower provides residents access to the largest North American network of solar power solutions and energy efficiency experts. Our network spans both the U.S. and Canada. We make it easy for homeowners and businesses to find the best solar energy solutions. 123SolarPower can guide you through solar panel sales and installation, as well as renewable energy evaluations. We don’t succeed until you save. We cover solar panels Columbus Ohio and can service any city in the state. When it comes to solar panels Ohio we’re your go to source for all things solar. With multiple local experts we can offer you several quotes on residential solar panels Ohio.
Ohio Solar Power
Ohio is ranked 19th in the United States for total solar energy capacity per capita. The state’s largest solar farm is located in Upper Sandusky. The solar panels used for this 12 MW project were made locally in the city of Perrysburg. A 49.9 MW solar power project is planned for southeastern Ohio. In Euclid, the solar panels installed at City Hall and the library are projected to provide $25,000 in savings over the next fifteen years. Between 2008 and 2013, the state’s grid-connected PV capacity grew from 1.4 MW to 98.4 MW. Solar is not a trend, it’s a cost efficient solution that the state of Ohio has embraced and so should you. We want to help, by reaching out we can get you a custom solar panels installation Ohio for your home or office.
State Tax Incentives
If you install a residential solar power system, Ohio provides a 100% property tax exemption for the value it adds to your home. Since a solar energy system increases a home’s value by an average of $20,000, the savings provided by this Ohio tax exemption are significant. While the state of Ohio does not offer solar power rebates or tax credits, residents can receive solar power performance payments. While these payments vary based on market conditions, they can be worth up to $300/MWh. The state also has one of the best net metering policies in the United States. Ohio’s favorable policy makes it possible to sell excess electricity generated by a solar power system for the same rate it costs to consume energy. So whether it is solar panels Cleveland Ohio, solar panels Dayton Ohio, or Solar panels Cincinnati you could be paid for the excess electricity your solar array creates.
Federal Tax Incentives
In addition to the state’s property tax exemption, Ohio residents can also claim a tax credit offered by the federal government. This tax credit is part of the Energy Policy Act. After being modified several times since it was introduced in 2005, the act currently offers a 30% tax credit for the cost of installing a solar power system. You can claim this credit by including Form 5695 when you file your tax return. Since this credit can be substantial, any amount greater than what you owe will be automatically applied to your next federal tax return.
Because the financial incentives provided by the state of Ohio and the federal government can significantly reduce the total cost of a solar power system, now is the perfect time to think about installing one. Making this transition now will allow you to reap state and federal government subsidies that may not be available later. You will also save enough over time on your utility bill that the system will have paid for itself.
Help For All Ohio Residents
123SolarPower is the leading source for home solar panels Ohio. Our partners offer the industry’s best solar power equipment. Adding solar power to your home or business offers many benefits. To get a free estimate of installation costs, as well as more information about the total value of available savings, please fill out the above form. Our experts will use this information to build you a custom solar assessment free of cost. We can also connect you with a local solar power expert by calling 800-294-2397.
