The Buckeye State has a history of renewable energy incentive programs including Solar Renewable Energy Credits (SRECs) and Net Metering. Most utilities, including AEP, Toledo Edison, and various Co-Ops, have favorable solar policies. Many of these utilities offer net metering up to one megawatt (MW) in Ohio. With a solar energy system, you can replace the energy you would buy from the electric company with energy made right in your own roof or backyard. This allows you to own your power. Harvest Solar offers zero-down loan options for both residential and commercial systems.
With the Federal Tax Credit equal to 30% of the cost of the system, accelerated depreciation available for businesses, various grants available for farmers and non-profits, favorable solar policies from the electric utilities, and solar property/sales tax exemptions, solar energy in Ohio makes more sense than ever before. Ohio also offers state-sponsored interest rate reduction programs for solar loans.
