You’re avoiding a lot of those costs by having a solar array."
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For every megawatt-hour (MWh), youreceive a credit that you could cash in.
SRECs can be sold through third parties.
The cost per SREC in Ohio varies.
Here are some examples.
This applies to existing home renovation properties.
Some sweet news: this incentive went through a substantial revamp in 2023 to prioritize eco-friendly projects.
The terms, such as the number of years the abatement stretches for and the percentage abated, vary.
These loans are capped at $50,000, but there are no income restrictions or limits.
You just need to meet the partner bank’s lending criteria.
Ohio net metering rules for solar energy
Net meteringis available if you live in Ohio.
Net metering credits can be put toward your bill in future months and can continue to carry forward.
Community solar projects in Ohio
Currently, Ohio doesn’t have anycommunity solar projectsfor its residents.
Lawmakers in 2023introduced a billthat would create a pilot program for community solar.
