The state of Ohio offers a number very enticing solar incentives that make the cost of solar less, but 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.
Plus, there’s the 26% Federal Tax Credit (ITC).
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 there has already been over 282 megawatts (MW) of solar installed in Ohio.
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!
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 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.
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.
Let us take care of the bills. When you sign with MOXIE during the ‘2021 IS ON US’ promotion, we’ll pay your 2021 electric bills. We’ll even throw in a sweet custom T-shirt!