Ohio Solar Panel Installation
We are a top-rated solar installation company, dedicated to delivering reliable and high-quality solar energy solutions to homeowners in Ohio. Founded by a team of renewable energy experts, our mission is to promote clean energy and make solar power accessible to all.
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Ohio Solar Installations
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Ohio Solar Incentives & Rebates
The Solar Investment Tax Credit (ITC) is a federal program enacted in 2006 to promote the growth of solar (since then, the industry has grown more than 10,000%). This program applies to both residential and commercial solar installations. As long as you own your solar system, you can receive a discount on the taxes you owe, or a direct payment from the IRS, proportional to the cost of your solar investment.
As of 2023, the ITC has been extended at a rate of 30% for the next 10 years! The ITC will decrease to 26% for systems installed in 2033, and 22% for systems installed in 2034. There is no cap on the value of the credit. The larger your investment, the larger the credit.
Solar Renewable Energy Credits (SRECs) are part of a state-sanctioned solar incentive system that increases the economic value of a solar investment.
As a solar energy producer, you earn one SREC for every 1000 kWh of solar energy you generate, regardless of whether you use it immediately or export it to the grid. Your SRECs can then be sold in a state marketplace to accelerate payback.
SREC prices fluctuate, and their value is influenced by traditional market forces (supply & demand) as well as state and federal policies. SRECS can be generated and sold by any type of solar producer, as long as you own the solar array.
Net metering (also known as net energy metering or NEM), is a billing mechanism that allows you to send excess solar energy to the grid in exchange for credit.
At night, you’ll use energy from the grid. When the sun is shining, your home will use the energy generated by your solar panels. When there’s surplus energy that you aren’t using, your utility company will give you credit for every kWh you feed back onto the grid. These credits then offset the energy you use from the grid. As a result, you only pay for your net energy usage.
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Financing Options
Solar Purchase
- Fully own your solar system right away
- Obtain financial and tax incentives
- Long-term warranties and maintenance support from Greek Rack Solar
Solar Loan
- Get started with $0 down
- Get low interest rates with Green Rack partners
- Long-term warranties and maintenance support from Greek Rack Solar
Solar Lease/Power Purchase Agreement
- Unlock immediate savings
- Limited risks with worry free monitoring and maintenance at no cost
- Avoid all costs of ownership (your financing company will own the system)
Request a Free Solar Quote and Start Saving Now.
Take control of your energy with solar. Our solar experts can help you get a custom solar panel system for your Ohio home. We make the process easy, so you can quickly start enjoying the benefits of solar energy.
