Solar Panel Installation in Ohio

Electricity Rates Have Jumped 26% Ohio electricity rates have risen from 12.8 cents per kWh in 2021 to 16.1 cents in 2024, a 26% increase. As rates continue to climb, solar panels lock in your energy costs and protect your household budget from future increases. Electricity Rates Have Jumped 26% Ohio electricity rates have risen from 12.8 cents per kWh in 2021 to 16.1 cents in 2024, a 26% increase. As rates continue to climb, solar panels lock in your energy costs and protect your household budget from future increases.

Net Metering from Major Utilities Ohio's investor-owned utilities, including AEP Ohio, Duke Energy Ohio, AES Ohio, and FirstEnergy's Ohio utilities, offer net metering. Credits carry forward month to month on a continuous basis. System size is capped at 120% of your average annual electricity usage. You can request a cash payout for surplus credits after a 12-month cycle.

Solar Renewable Energy Credits (SRECs) Ohio has an active SREC market under its Alternative Energy Portfolio Standard. Solar system owners earn one SREC for every MWh of production. While Ohio SREC values are modest ($3-12 per certificate), they provide supplemental income alongside your electricity savings.

Strong Solar Potential Despite Clouds Ohio averages 4.2-4.7 peak sun hours per day, with Columbus and Cincinnati receiving more sun than Cleveland and Toledo. Solar panels still produce meaningful energy year-round, and Ohio's higher electricity rates mean each kWh produced is worth more than in many sunnier but cheaper-rate states.