15 Best Solar Companies in Cincinnati, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Cincinnati

The cost of installing a solar panel system has decreased significantly over the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The amount of sunlight your area gets: Because of Cincinnati's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Electricity consumption: The average home in Cincinnati uses a decent amount of, and so may save on their energy bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. Additionally, you can save about $12,000 over 20 years on your utility bills, not including incentives.
• Your income and budget: This affects what kind of solar panels you can get.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Cincinnati

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Cincinnati

There are a few key reasons why people are interested in solar energy: to put more money in their bank account and to help the planet. A question many might be asking themselves is how much can they really help the environment by switching to solar power anyway? How much energy you use is a significant factor to think about. The more power your household consumes, the larger your impact when you go solar. In Cincinnati, the average homeowner can lower their carbon footprint by 90 pounds a year after going solar. If you want to do what you can for the environment, you'll no doubt get that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.