“Are solar panels worth it in Ohio?”
They can be. It just depends on how long you plan to live in your house and what your budget looks like. But that answer isn’t very helpful, is it? We’ve put together this guide to take a closer look at whether or not installing solar panels in Ohio is a good idea for you, so make sure you keep reading below for some helpful calculations (and pro tips!).
Initial Cost vs Yearly Savings
The first thing you need to figure out is the cost of solar panels in Ohio. Now, the exact amount you spend on the installation will vary depending on a number of factors, such as:
- The size of your home
- The type of solar system you’re getting
- The company you hire
However, on average, Ohio homeowners spend between $10,000 and $16,000 on solar panels, or $2 to $3.50 per watt. If you want a more exact estimate tailored to your exact circumstances, it’s a good idea to get a few quotes from different solar companies in your area.
Once you know what you’re going to spend on the installation, compare it to the amount of money you’ll save. For example, in Ohio, most people save close to $1,000 a year on their energy bill.
That’s a good-looking number!
Keep in mind, though, if you spend $12,000 on the installation and save $1,000 a year, it will take 12 years before the system pays for itself.
Other Money Benefits of Installing Solar Panels in Ohio
The state of Ohio wants you to install solar panels on your home. Because of this, you can get a lot of perks and benefits that’ll make the cost go down. For example, you might be able to find grants for installing solar panels in Ohio that can knock off a few thousand dollars.
Other advantages that come with solar panels include:
- Federal tax deductions
- Sales and use tax exemption
- Net metering
These things can make your saving even greater, which will help you reach the full ROI for the system even faster than normal. Before you schedule a solar panel installation, talk to a solar company, for more details about what you qualify for and how it will impact the overall cost.
Is Installing Solar Panels in Ohio Worth It?
If you’re asking yourself, “Do solar panels work in Ohio?”, the answer is yes.
Solar panels in Ohio can make your energy bill much lower at the end of every month, but they are an investment. If you aren’t planning to stay in your home for the next 15+ years, they may not be the right choice for you. The last thing you want to do is move away and lose all the money you put into your solar system.
Do you want to learn some other energy-saving tips?
We have a lot more information like this on our blog. Make sure you stick around and scroll through the rest of our blog posts today!