OHIO INCENTIVES

Renewable Energy Tax Credits, Rebates, & Net Metering!

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OHIO Solar Incentives, Rebates, & Tax Credits

The state of Ohio offers a number very enticing solar incentives that lowers the cost of solar and can also make money. There are no statewide Ohio tax credits or rebates for solar. But Ohio does offer substantial solar renewable energy credits (SRECs) and a net metering program.

Find up-to-date information on Ohio solar incentives and clean energy tax credits at the DSIRE program page for Ohio. (DSIRE is the Database of State Incentives for Renewables and Efficiency®.)

 

Energy Credits

Net Metering

Interest Reduction

Federal Tax Credit

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INCENTIVES FOR GOING SOLAR IN COLORADO

MOXIE has a location in Cleveland, OH and services nearly the entire state!

Ohio Solar Panel Incentives

When you install solar in Ohio, you can take advantage of these incentives, including Ohio renewable energy credits and rebates for the solar energy your system produces.

More Money-Saving Incentives

On top of the fantastic SREC and net metering programs in Ohio, there are more incentives for installing solar in Ohio. All these great incentives are a major reason why over 503 megawatts (MW) of solar is already installed in Ohio.

Ohio Renewable Energy Credits

The Buckeye State has a plan to have at least 12.5% of its total energy come from renewable sources by 2027. To achieve this important goal, they will pay you for the solar energy you produce. The payments are known as renewable energy credits. For every megawatt hour (MWh) of electricity your panels produce, you receive one credit, which can be sold for around $15. So, a 10kW system can earn about $150 a year!

State-Sponsored Interest Rate Reductions

The Energy Conservation for Ohioians Program (ECO-Link) provides better financing terms for solar energy systems specifically. If you apply for the program, you could get up to a 3 percent interest rate reduction on on your solar financing loans, for up to 7 years.

Ohio Net Metering

Ohio Net Metering allows you to earn credits on your electric bill on days when your system produces more energy than you use. You can use those credits on days when your system produces less than you need (can happen in wintertime some). Customers of Duke Energy in Ohio can take advantage of one of the best Ohio net metering policies.

Federal Solar Tax Credit (ITC)

The Federal Solar Tax Credit is 26 percent for construction started before until Dec. 31, 2022.

Similar to other solar tax credits, with the ITC you can deduct 26% of the cost of your solar energy system from your federal taxes.

In 2023, the solar ITC drops to 22%.

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MOXIE is one of the largest solar installation companies in the country. We’ll work with you to create a complete solar system that is affordable, sustainable and dependable.

1536 St. Clair Ave. NE, Suite 54
Cleveland, OH 44114
(216) 438-9119

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