Benefits of Solar Energy
Solar energy offers numerous advantages that will enhance your home for years to come.
- Better energy independence: Adding a battery backup or storage system lets you have dependable energy during storms and grid outages.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, reducing your periodic electricity costs. You can eliminate your bills completely if you go off-grid. Plus, a significant number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can lower or beat your home's dependence on fossil fuels.
What Solar Incentives Are Available to Kettering Homeowners?
Ohio's public agencies and power companies offer a number of solar incentives to help offset your solar system costs. Below is a breakdown of available solar programs where you live.
Incentive Type: Loan Program
Website: hamiltoncountyohio.govIncentive Amount:
$50,000
Incentive Type: PACE Financing
Incentive Amount:
Low-interest, 30-year loan
Incentive Type: Loan Program
Website: tos.ohio.govIncentive Amount:
Rate reduction available for up to $50,000 and 7 years of the bank loan
Incentive Type: Solar Renewable Energy Credit Program
Website: puco.ohio.govIncentive Amount:
SREC prices vary based on market conditions
Incentive Type: Rebate Program
Website: dpandl.comIncentive Amount:
Heating & Cooling
Air Conditioning: $100 - $150, varies by efficiency and equipment application
Air Source Heat Pump: $150 - $250, varies by efficiency and equipment application
Geothermal Heat Pump: $800 - $1,000, varies by efficiency and equipment application
Heat Pump Water Heaters: $400
Airlfow/Climate Control
WiFi Thermostat: $20-$30
Smart Thermostat: $75
Air Insulation & Sealing: Up to $650, must be through approved contractors
Appliance Recycling: $50
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Kettering
Choosing a company is the first step toward an effective and cost-efficient solar system. Consider each of these factors in your service provider search.
Licensing and Training
Ohio may require a solar installer to hold a state contractors' license, but only for commercial work. For residential work, cities can establish their own licensing or regulatory requirements. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most credible trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Kettering
The type of solar panels you select dictates how much electricity you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can increase your solar system's performance. Not every solar company offers these additional features, so look for a contractor that installs them if it's important for you.
A majority of Kettering homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $17,050 to install, considering both materials and labor. You can find more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,130 |
Solar Polycrystalline | $882 |
Thin-Film | $515 |
Solar Battery | $723 |
Solar Home EV Charger | $2,713 |
Financing Solar Energy in Kettering
There are a plethora of ways to pay for a solar energy system, and the right one will help you decrease overhead. A few of the most common options include power purchase agreements (PPAs), loans, leases, and cash payments. We suggest making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to cut your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. Ask each provider you're evaluating about the payment options it offers. A consultant can help you determine the best option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Kettering.
The IRS allows you to claim a 26% federal tax credit for solar panels on total system costs, so long as you purchase it before 2032. City and state governments and utilities might also offer their own financing programs, rebates, and incentives that could save you more money.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.6 years |
2 kW | 5.2 years |
5 kW | 13.1 years |
10 kW | 26.2 years |
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Frequently Asked Questions About Solar in Kettering
How much money could I save by going solar in Kettering?
How widespread is solar energy in Kettering?
Should I expect a property value increase after installing solar panels?
Could I still use solar power if I live in a wooded, rainy, or dark area?
What maintenance do my solar panels need, and how often do they need it?
How long does it take to pay back a solar loan in Kettering?
Should I get quotes from multiple Kettering solar companies?
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