What Should You Pay For Solar In Ohio?

Find Out For Your Home Based On Recent Installations In Your ZIP

Solar power in Ohio

Last fact checked on July 24, 2019 by Catherine Lane

Going solar in Ohio is a great investment for your home. State law requires utilities in the state to offer full retail net metering to their customers. Ohio also has a renewable portfolio standard with a solar carve out, which requires utilities to obtain 12.5% of electricity sold to be derived from renewable energy sources by 2027. 

Net metering, combined with the 30% federal tax credit, makes going solar an excellent choice for homeowners in Ohio. 

 

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Solar power in Ohio

Ohio solar power facts

$3.54
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

8 Years 10 Months

Average payback time

$52,408

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

32¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

9,890
kWh

Annual power production

Cash flow graph based on cash purchase of a 8.79kW system

This 8.79kW system would offset 100% of your energy usage if your typical monthly bill in Ohio is $150, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in Ohio that provide pricing through the Solar-Estimate marketplace

3


Best solar offers currently available in your city


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in Ohio

How much do solar panels cost in Ohio

$3.54 per watt

Cash purchased solar system
Before 30% solar tax credit

$4.01 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in Ohio

The advantage of installing solar in Ohio is the state-mandated net metering requirement. Utilities must offer kilowatt hour (kWh) credits to households whose solar systems generate excess energy. Ohio also has a solar renewable energy credit (SREC) program; however, the incentive amount for each SREC is low. 

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

The disadvantage of installing solar panels in Ohio is that there is little in the way of state and utility-based incentives. Ohio also lacks abundant sunlight, as compared to other states. This means a solar system in Ohio will produce less than a system in a sunnier state, like Arizona. 

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in Ohio

Solar panels produce different amounts of energy in different locations.

Around the Columbus area solar panels installed on a south facing 30 degree pitch roof will typically produce:

1,150kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits and other solar incentives are available in Ohio?

Ohio renewable portfolio standard

In 2008, Ohio legislators passed the alternative energy portfolio standard. Through this standard, utilities are required to obtain 12.5% of their electricity from renewable sources by 2027. Of that 12.5%, 0.5% must come from solar. In order for utilities to meet this standard, they must obtain SRECs. 

When the SREC program first began, SRECs could be sold for $400 each. However, because the solar carve out is small, utilities are approaching their solar carve out goal, and the SREC market is now saturated, making current SRECs in Ohio worth about $20 each.

 


 

Net metering in Ohio

Solar, by its nature, generates the most power during the middle of the day when most people are at work or school and little power is being used in the home. The net metering policy in Ohio mandates that for every surplus kWh generated by solar (like the excess energy your system creates during the day) utilities must provide a credit that will be applied to future bills to offset costs. 

 


 

Tax exemptions

Solar energy equipment purchased in Ohio is exempt from the state’s sales and use tax. If a solar system costs $15,000, the amount you would have to pay in sales tax would be $862.50. Thanks to the sales tax exemption, you don’t have to spend the additional nearly $1,000. 

In Cincinnati and Cleveland, if a resident installs a solar system on their property, 100% of the assessed value of the system will be excluded from their property taxes for 10 years. Unfortunately, there is no statewide property tax exemption for renewable energy systems, so it is only available in Cincinnati and Cleveland.

Ohio Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in Ohio we have a solar calculator that can show you exactly the information your require.

 

You can either use our full monthly solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.

 


 

What you can find out about installing solar panels in Ohio using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

Going solar in Ohio

Check out all of the ways energy providers of Ohio can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Energy Conversion and Thermal Efficiency Sales Tax Exemption State Sales Tax Incentive
Ohio Solar Renewable Energy Credits State Solar Renewable Energy Credits
Find your local rebates and incentives

Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.