Solar Energy in Ohio
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 26% federal tax credit, makes going solar an excellent choice for homeowners in Ohio.
Ohio Solar Power Facts
$2.73 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 7 Years 8 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $56,775 over your lifetime.
7¢ kWh
This is the levelized cost of solar energy.
32¢ kWh
This is the levelized cost of energy without solar panels.
9,890 kWh
Annual power production of home solar panels.
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How much do solar panels cost in Ohio?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels 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.
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.