Benefits of Solar Energy
Solar energy provides numerous advantages that will enhance your home for years to come.
- Better energy independence: Solar systems with energy storage function through blackouts and emergencies, and you won't have to rely on the electrical grid for your safety and comfort.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Reduced energy costs: Sourcing some or all of your own energy will save you money on your electric bills long-term.
What Solar Incentives Are Available to Strongsville Homeowners?
The state of Ohio offers a variety of solar incentives to help offset your solar system costs. Check out a breakdown of relevant solar programs where you live.
Incentive Type: PACE Financing
Low-interest, 30-year loan
Incentive Type: Loan ProgramWebsite: tos.ohio.gov
Rate reduction available for up to $50,000 and 7 years of the bank loan
Incentive Type: Solar Renewable Energy Credit ProgramWebsite: puco.ohio.gov
SREC prices vary based on market conditions
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
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 Strongsville
The price and efficacy of solar panels often hinge on the provider that mounted them. Here are some key items to keep in mind while searching for a solar specialist.
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. Solar companies can also earn certificates from trade groups and standards organizations. The most respected ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Strongsville
The style of solar panels you choose determines how much energy you can generate. Monocrystalline panels cost more but give you the best performance. 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.
If you'd like to charge an electric car or use your solar power in cloudy weather, you can pay extra for accessories. By choosing the right components, you can make your panel array more efficient and convenient to use. Not all solar contractors include these additional features, so look for a contractor that installs them if it's important for you.
If you're a resident of Strongsville and are considering getting a five-kilowatt solar energy system, you could plan to spend about $17,050 for materials and labor. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Strongsville
Choosing the ideal financing solution will impact your overall solar system cost and possible savings. Common payment options include leases, power purchase agreements, loans, and cash payments. Though it involves a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the next best option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate determined by the energy you use, similar to an electric bill. We generally don’t recommend these two options because you won't own the solar system and cannot use solar incentives. We advise working with an installer that offers multiple financing options. Talk to each consultant about what's available, and obtain more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Strongsville.
A 26% federal tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Strongsville
How much energy and money could I save per year by switching to solar?
How common is solar energy in Strongsville?
Will solar panels improve my Strongsville home worth?
How can I evaluate my site's solar suitability?
What's the average solar system size in Strongsville?
What is the average payback period for Strongsville solar panels?
How are a solar lease and PPA different?
If you choose a lease, you'll make set payments each month.
With both leases and PPAs, you don't own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
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