Understanding the Cost of Solar Panels in Ohio
If you're considering switching to solar energy in Ohio, one of your first questions is likely, "What will it cost?" On average, the cost of solar panels in Ohio ranges from $2.50 to $3.50 per watt. This means that for a typical residential system of 6 kilowatts, the total cost can fall between $15,000 and $21,000 before incentives.
However, Ohio offers several incentives, including the federal solar tax credit, which allows you to deduct 30% of the installation costs from your federal taxes. Additionally, certain utility companies may offer rebates or performance-based incentives, reducing your out-of-pocket expenses even further.
It's essential to keep in mind that while the initial investment may seem high, solar panels can save you thousands on electricity bills over their 25+ year lifespan. In fact, many homeowners in Ohio find that they break even on their solar investment within 8 to 12 years.
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