Benefits of Doing Solar with Ohio Power Solutions
- Significantly Reduce Your Electric Bill
- Leverage the 30% Tax Credit While Still Available
- 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
Incentives and Price Reductions Drive Value
There has not been a better time to install a solar system. Solar systems for residential properties are becoming more and more popular. The 30% tax credit significantly helps reduce the net cost of the system. This combined with the significant price reductions within the past few years, make solar an excellent value. See Solar Energy Industries Association’s data for the past several years.
Utility Rates Will Rise
Property owners are typically paying between $0.08 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, and the 30% federal tax credit, makes solar an excellent way to save money and an excellent investment.
Payback and Return on Investment are Excellent
Payback can be in 6-8 years, with an internal rate of return between 8-9%. This is like getting a 30 year CD at 3.8 – 4.2%. 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 home increases $20 for every $1 decrease in the annual energy costs.” A solar system can easily save $1,000 annually, resulting in an increase in property value of $20,000. 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.
Ohio Power Solutions works directly with Admirals Bank to provide a financing for our residential customers. Admirals Bank has a couple different loan programs available. Please contact us to learn more about the financing programs available through Admirals Bank.