Benefits of Doing Solar with Ohio Power Solutions

  • Significantly Reduce Your Electric Bill
  • Leverage the 30% Tax Credit While Still Available
  • Leverage our Grant Writing Skills to Receive a USDA Cash Grant up to 25%
  • Products have 10-25 Year Warranties
  • Receive Expertly Designed and Installed Systems
  • Work Directly with Owners who do the Design and Installation
  • Systems Require Minimal Maintenance
  • Leverage our Experience and Attention to Detail
Commercial Solar in Columbus, Ohio

Incentives and Price Reductions Drive Value

Now is the time for commercial businesses to install a solar system to cap an ever increasing expense. Businesses can leverage the 30% tax credit and the tax savings from depreciation. If you qualify as a small rural business, you can also leverage a USDA/REAP cash grant up to 25% of the total system cost. These incentives, combined with the significant price reductions within the past few years makes a solar system an excellent investment. See Solar Energy Industries Association’s data on solar prices over the past several years.

Utility Rates Will Rise

Businesses are typically paying between $0.10 to $0.12 cents per kWh. With expected rate increases (http://www.eia.gov/todayinenergy/detail.cfm?id=17791) over the next several years, combined with affordable system prices, tax savings from depreciation, and the 30% federal tax credit, makes solar an excellent way to save money and an excellent investment.

Commercial solar array in an Ohio field

Payback and Return on Investment are Excellent

Payback can be in 5-6 years, with an internal rate of return between 10-11%. This is like getting a 30 year CD at 10-11%. Most people agree this is a solid investment.

Property Value Increases

A study published in the Appraisal Journal documented that, “the market value of a business/home increases $20 for every $1 decrease in the annual energy costs.” A solar system for a farm can easily save $3,000 annually, resulting in an increase in property value of $60,000. For more information on how solar energy can increase the value of property by reducing a home’s operating cost, read this study at resnet.us; a residential energy service network.

Solar systems can be installed on rooftops, land, or incorporated as car port structures. If you are interested in a free site assessment don’t hesitate to contact us. Also, check out our frequently asked questions for more information.