Ohio's Solar Rebates and Incentives
If
you are a resident of Ohio or are planning a move, you probably want to
learn as much as possible about the state's solar financial incentive
programs. There is a federal tax incentive that extends to all states,
but each state varies in its individual incentives.
Tax Incentives
- Energy Conversion Facilities Corporate Tax Exemption. Available
for commercial and industrial applications, this allows for a 100%
personal property tax exemption on the installation of solar components
and other energy conserving products.
- Sales Tax Exemption. This
incentive benefits commercial and industrial sectors and allows for a
100% sales tax exemption for the installation of solar components.
Grants
- Advanced Energy Program Grants, Distributes Energy and Renewable Energy.
This is a state grant program available to commercial, industrial, and
agricultural sectors, nonprofits, schools, local government, state
government, and institutional organizations for the installation of
solar water heat and photovoltaics.
- The Energy Loan Fund Grants (ELF).
These are one of the few incentives available for residential purposes.
It provides subsidies for the installation of the solar products,
including photovoltaic systems. Funds are limited, and there are
restrictions for qualifying.
Just
this past spring, the Ohio government ended a major state incentive
grant program, greatly reducing the affordability of solar systems for
Ohio residents. Although there are a number of incentives for the
commercial sector, residential incentives have a way to go. There are
some additional incentives in the major metropolitan centers like
Cleveland and Cincinnati that are worth further investigation.
Basically, at this point, if you are looking to move to a solar
progressive state, Ohio probably isn't for you.
Additional Resources:
DSIRE
Solar Power Rocks
