15 Best Solar Companies in Cincinnati, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Cincinnati

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your panels. There are a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• Typical energy usage: The more power your home uses on average and the steeper your current power bills are, the more money you could save by going solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $12,000 over 20 years with your system, too.
• Your income and budget: This shapes what kind of solar panels you can afford.

So are solar panels worth it? Whether you want to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Cincinnati 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 our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Cincinnati

There are a few primary reasons why people want to invest in solar energy: for the good of their bank accounts and the planet. But how much can using solar energy instead of traditional energy actually affect the environment? If your family uses lots of energy, you can help the environment even more by switching to solar power. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the primary ones is that you can help save the planet too.