Solar Panels In Ohio Worth It

In ohio the average solar payback period is 12 12 years.

Solar panels in ohio worth it.

Solar panel installers in ohio. How long does it take to earn back your initial investment in solar panels. Solar panels are somewhat recommended in ohio. Indeed ohio doesn t get nearly.

A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. On a cost per watt w basis a solar panel installation in ohio ranges in price from 2 41 to 3 27. Based on the price of electricity in ohio an average of 0 12 per kw and very low amounts of sun 11 less than average compared to other states solar power is 9 lest cost effective than the rest of the nation. In 2020 they also remain subsidized by the 26 federal tax credit and the net metering law making them an excellent investment.

Given a solar panel system size of 5 kilowatts kw an average solar installation in columbus oh ranges in cost from 12 325 to 16 675 with the average gross price for solar in columbus oh coming in at 14 500. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. As of sep 2020 the average cost of solar panels in ohio is 2 5 per watt making a typical 6000 watt 6 kw solar system 11 118 after claiming the 26 federal solar tax credit now available. On one of the many gray days of an ohio winter an observer may wonder whether there is enough sun in the state to make it worthwhile to invest in rooftop solar.