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Coldstream Solar helps you find tax incentives to make solar panel installation more affordable than ever. Energy independence awaits you.
The main tax credit offered to solar clients is the Residential Clean Energy Credit. This federal tax credit allows homeowners to claim a tax discount equal to 30% of the cost of their new solar system. The tax credit covers the entire install from panels and labor to wiring and batteries. Click here to learn more.
| Incentives | Summary |
| Federal Solar Tax Credit (ITC) | The Residential Clean Energy Credit allows for a tax credit of 30% of the costs of new, qualified clean energy projects (including solar) installed anytime from 2022 through 2033 |
| Net Metering | Net metering is a process that allows homeowners that produce excess energy and use it as a credit on upcoming electric bills. All energy providers must offer this option to homeowners. |
| Solar Renewable Energy Credits | This exemption is based on Ohio’s SREC market conditions and gives you the ability to accrue credits for all solar production that can be sold on the local SREC market for a profit. |
| Energy Conservation for Ohioans Program | Ohio residents solar financing interest rates are reduced by up to 3% when you apply for the program prior to installation. |
| Ohio Property-Assessed Clean Energy (PACE) Financing | This offers accessible and affordable PV loan options with payments made via taxes. This goes into effect prior to installation when you apply for the program and varies based on your system cost, your energy savings, and more |
| Liberty Utilities Solar Rebate | Customers of Liberty Utilities can receive a rebate of up to $0.25 per watt for installing a solar panel system. |
| USDA REAP Grant | Agricultural producers and rural small businesses can receive special loans, financing, and grant funding to purchase and install renewable energy systems like solar panels. Participants who are eligible must have at least 50 percent of gross income coming from agricultural operations. Small businesses in some rural areas are eligible as well. |
| Solar Sales Tax Credit | Sales tax on all solar equipment is waived when you purchase your solar power system. |
Disclaimer
Coldstream Solar and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for information purposes only. It is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Consult a tax and legal professional for more information.
Make the switch to solar energy today to start saving on your monthly utility bills.