Solar Savings Calculator for Cincinnati, OH

Homeowners in Cincinnati pay an average of $140/month for electricity through Duke Energy Ohio. With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.

$140
Avg Monthly Bill
15.5¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$43,612
Est. 25-Year Savings

Calculate Your Savings in Cincinnati

Adjust Your Details for Cincinnati, OH

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$21,280
Federal Tax Credit (30%)
-$6,384
Net Cost
$14,896
Annual Savings
$1,680
Payback Period
8.9 years
25-Year Savings
$43,612
Return on Investment
293%

* Estimates based on 4 peak sun hours/day in Cincinnati, OH, 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.

Local Solar Details for Cincinnati

Utility & Permits

Utility Company
Duke Energy Ohio
Permit Cost
$350
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
7.6 kW
Panel Count
19 panels
Gross Cost
$21,280
Net Cost (after credits)
$14,896

Available Incentives for Cincinnati, OH

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

Other Cities in Ohio

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