- NEG (Net Excess Generation) can be carried over to the next billing period.
- At the end of the year, if you produced more electricity than you used, you may also request in writing a refund for the difference.
- More information here.
ODOD – Advanced Energy Program Grants – Residential Solar Photovoltaic Energy Incentive – $3.00/Watt DC installed capacity; Maximum Incentive is $25,000 per residence.
- System must be grid-tied and metered; work must be performed by an eligible installer;
- Equipment must be new and UL-listed; all equipment must come with a manufacturer’s warranty and custom components must have a five-year warranty from installer;
Local Loan Programs
Utility Rebate Programs – Not for solar
- Butler Rural Electric Cooperative – Geothermal Rebate Program
- Columbia Gas of Ohio – Home Performance Solutions Program
- Columbia Gas of Ohio – Programmable Thermostat Rebate Program
- Consolidated Electric Cooperative – Heat Pump and Water Heating Rebates
- Dayton Power and Light – Residential Energy Efficiency Rebate Program
- Duke Energy – Residential Energy Efficiency Rebate Program
- Firelands Electric Cooperative – Residential Energy Efficiency Rebate Program
- Paulding-Putnam EC – Residential Water Heater and HVAC Rebate Program
- The Energy Cooperative – Residential Dual Fuel Heating Rebate Program
- Vectren Energy Delivery – Energy Star Home Rebate
- Vectren Energy Delivery – Residential Efficiency Rebates
|Av. Monthly Electricity Bill||$123|
|Annual Electricity Usage||13,200 kWh|
|Av. Cost of Electricity||$0.11/kWh|
|System Size||7 kW|
|Electricity Generated||8,585 kWh|
|% Reduction in Electricity Bill||65|
|Cost / Watt (installed)||$7.00|
|Federal Tax Incentive||$8.400|
|New Av. Monthly Electric Bill||$42|
|Monthly Loan Payment (30 year, 6%, 0 down)||$117|
|NEW MONTHLY NET COST||$122|
|Greenhouse Gas (CO2) Saved:|
over 25-year system life
Basically in this scenario you will replace your monthly payment to your utility company with an equal payment divided between a home equity loan and a reduced electricity bill. The difference being in the years to come your utility company will increase the electricity rates whereas the payment on your home equity loan will stay more or less the same. If you want to find out if solar will work for you then fill out our quick and easy form and have we’ll have local Ohio solar installers contact you to answer all your questions and provide you will tailored quotes.