Are Solar Panels Right for You?
Lower your carbon footprint and save money by going solar. Homeowners in Ohio can have many benefits from making the change to being solar. Here are just a few of the incentives and what to know before moving forward.
Are you able to go solar? The first thing to consider before looking into what it will take to go solar is if the area you live in is right for this kind of change. The first thing to check with is your HOA (homeowner association) to see if they have any restrictions or requirements that may restrict the use of solar panels. If your HOA allows the use of solar panels, double check to see if your home gets ample roof sunlight. If there are any obstructions or heavy shading around your house, solar panels may not be an advantage to you.
What are some solar panel incentives? One of the biggest incentives for those who are wanting to go solar are the tax benefits. Ohio has a sale tax exemption incentive to allow homeowners and businesses to pass on paying the 5.75% sales tax on their solar systems. Ever heard of Qualified Energy Project Tax Exemption? Those who are solar producers and complete an application and get approved by the state of Ohio can be exempt from paying the public utility a personal property tax. Homeowners who invest in solar panels and solar batteries can get offered a 30% solar tax credit from the Residential Clean Energy Credit. Owners can now claim 30% credit since the beginning of 2022 to save thousands of dollars on solar panel installation cost.
Why choose solar power? One of the main reasons that people have and are continuing to choose to go solar is the lower energy cost. Solar systems can end up saving house holds more than $1,000 per year on energy cost. Solar panels can also increase the value of a home, and are more likely to leave the market faster than a home without solar panels. Changing over to solar panels can also decrease your carbon footprint and can slow climate change.
There are many assets to going solar if that if what is best for you and your house hold. If you're interested in learning more about houses with solar systems in your area, give United Country Real Estate & Auction Services, LLC a call, (740) 965-1208
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