Ohio’s current solar capacity is just under 800 MW.
However, that number will reach over 1,300 MW, thanks to the Ohio Power Siting Board approving three utility-scale solar projects. Now, if you’re curious about going solar as an Ohioan, you may be wondering, “how much do solar panels cost in Ohio?”
Here, we’ll discuss Ohio’s average solar panel costs and what makes switching to solar an excellent investment for your home.
The Cost of Solar Panels in Ohio
A fully installed solar panel system costs around $10,000 to 13,000 after applying the 26% federal tax credit.
If you think these rates are high, you’re not alone. Upfront costs for solar panel installation, no matter where you live, tend to be high. Remember, though, that going solar is an investment, so before you say no to the idea, think about your future energy savings.
On average, you can save up to $50,000 or more for 25 years (typical lifespan of solar panels). That’s a long time, considering it will only take between 5 to 7 years for you to pay off your solar panel system.
Still, if you’re sure you can’t afford to go solar right now, there are alternatives available. For example, you can go for a solar lease or a solar loan. However, keep in mind that the best return on investment comes with owning and not leasing a solar power system.
What Makes Solar in Ohio Worth It?
Beyond energy savings, there are many benefits to going solar in Ohio. For one thing, you don’t need to worry about maintenance. Once your system’s in place, cleaning the panels is something you’ll only do once in a while.
Another advantage is it doesn’t generate noise. If you live in an urban area, you won’t get into any disputes with your neighbors. Besides, there’s a good chance they’re also using solar since it’s a great way to increase a property’s value.
Of course, the biggest reason to go solar is that it’s good for the environment. It also helps stimulate the economy in your area, given that the industry promotes job creation.
Bonus: Maximizing Your Solar Savings
Now that you know the cost of solar panels in Ohio and have considered the advantages of going solar, it helps to understand how you can get the most of your investment.
Since it’s a big-ticket purchase, be sure to check solar panel reviews and solar panel companies in Ohio. Try to compare quotes and equipment options.
Also, if you’re serious about getting the best system while sticking to a budget, don’t hesitate to consult specialists. For example, Blue Raven solar experts help clients estimate savings and provide custom quotes depending on customers’ solar needs.
Still Asking “How Much Do Solar Panels Cost in Ohio?”
Switching to solar is a big decision. Even if you know the answer to “How much do solar panels cost in Ohio?” it doesn’t mean you can’t take your time to decide what’s suitable for your home.
That’s why if you have hesitations, you should feel free to check out our other solar-related articles. We also have tons of posts on various subjects, including business, finance, marketing, etc., that might interest you.