Solar Savings Calculator for Ohio

Ohio homeowners pay an average of $140/month for electricity at 15.5¢/kWh. With 3.9 peak sun hours per day, solar can dramatically cut your energy costs.

$140
Avg Monthly Bill
15.5¢/kWh
Electricity Rate
3.9h/day
Peak Sun Hours
$42,828
Est. 25-Year Savings

Calculate Your Savings in Ohio

Adjust Your Details for Ohio

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
8 kW
Panel Count
20 panels
Total System Cost
$22,400
Federal Tax Credit (30%)
-$6,720
Net Cost
$15,680
Annual Savings
$1,680
Payback Period
9.3 years
25-Year Savings
$42,828
Return on Investment
273%

* Estimates based on 3.9 peak sun hours/day in Ohio, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Ohio

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Ohio SREC Program

Solar Renewable Energy Credits earned for solar production.

$10-30 per SREC

Cities in Ohio

Select your city for a more precise estimate with local electricity rates and utility information.

More Solar Resources for Ohio

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