If you haven’t noticed, a lot of people are making the switch to solar energy. Next time you drive to work, pay attention to the local homes and businesses in your community. You’ll notice that many of these buildings have solar panels mounted to the roofs.
But what’s the big deal about solar energy? Are home solar systems worth the investment?
We believe the answer is yes. If you’re thinking about buying solar panels for your home in Ohio, we can get behind your way of thinking. Keep reading to learn why you should make the transition.
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SRECs
Ohio is one of the leading states in green energy initiatives. It plans to generate 12.5% of its total energy via green, renewable sources by 2027.
As such, the state of Ohio will pay homeowners for every megawatt-hour of solar they produce. In 2021, each megawatt-hour sold for $10.
It may not seem like a lot of money, but everything helps in today’s economy. And why not get paid while creating free energy for your home?
State-Sponsored Interest Rate Reductions
Another incentive to consider solar panels for home in Ohio is because you can do so more affordably in this state. People interested in home solar systems can acquire loans for the upgrade at lower interest rates.
This state-sponsored program makes it easier and more affordable for people who can’t pay for their entire solar system upfront. Since 64% of Amercans are living paycheck to paycheck, this incentive is incredibly beneficial.
Lower Energy Costs
When you install Blue Raven solar power in your home, you will immediately see savings in your monthly energy bills. Most homeowners will save over $100 a month, which equates to $1,200 a year.
You can use this money to pay off debt, go on a vacation, or put it into savings. If you’re looking at the big picture, in just a decade, you can save $12,000. In other words, close to the amount that you paid for your solar system.
Net Metering
Net metering makes investing in solar panels for home in Ohio an easy decision. Net metering keeps you connected to the power grid so you can sell unused energy you create to the local power company.
In return, they’ll give you power credits which can be used any time you need more energy than your solar system generates. This is common during winter months or during cloudy weeks when there isn’t as much sunlight.
Federal Incentives
The federal government is a huge proponent of using solar energy and other clean energy sources. As such, they provide incredible tax incentives for people who invest in home solar panels.
Throughout 2022, you can claim your solar costs to get up to 26% back on your taxes. Average whole-home solar systems run about $16,000. If you spend this much money, you can get over $4,000 back.
Are You Thinking About Solar Panels for Home in Ohio?
Clearly, there are a lot of benefits to investing in solar panels for homes in Ohio. If you can afford to do so, we highly recommend making the switch to solar. You’ll be doing yourself and the planet a favor.
Before you go, take a look through the rest of our blog to find more homeowner tips, home improvement advice, and more. Our blog is full of content created to help people like you live full, happy, and successful lives.
