Solar Incentives

Name

First Name

Last Name

Email

Phone

(###)

###

####

I am interested in...

Solar panels are a lucrative investment that saves so much money, it pays for itself. They also increase your energy security by reducing your reliance on the electric grid and giving you more control over your electricity supply.

The upfront cost of a home solar installation can be an obstacle, but there are incentives available to reduce your installation costs and help you save more money with solar panels! Sustainergy Cooperative is a highly experienced local solar company serving the greater Cincinnati area, and we can help you maximize your savings with solar incentives.

The Federal Solar Tax Credit

The federal solar tax credit, also known as the investment tax credit or ITC, is the best solar incentive currently available. The solar tax credit is a federal solar incentive that reduces your federal income tax liability by 30% of your total solar installation costs, including battery storage, with no limit.

How the Solar Tax Credit Works

When you install residential solar panels, you will automatically qualify for the federal tax credit for solar panels, as long as your project meets the incentive requirements. When you go solar with Sustainergy Cooperative, you won’t have to worry—we’ll make sure your project complies so you can claim your credit.

The credit is worth 30% of your total project costs. So, if you install a $10,000 solar energy system, you’ll receive a $3,000 tax credit. You can claim your credit when you file your federal tax return for the year you install your solar energy system. The credit will be applied to what you owe, bringing the balance down. If it’s worth more than you owe, you can roll the remainder over to the following year.

Net Metering

Net metering is a billing system that allows you to trade electricity with your utility. Net metering policies vary by state and utility company. In Ohio, investor-owned utilities are required to offer net metering. In Kentucky, all investor-owned utilities and rural electric cooperatives except TVA utilities are required to offer net metering.

How Net Metering Works

When your solar panels produce more electricity than you can use, the excess will be automatically fed into the electric grid, spinning your meter backward. You’ll receive a credit for the electricity you send to the grid, which can be used to buy electricity from the grid when your solar panels are not producing enough electricity.

Net metering policies vary by state and utility company. Net metering is available in our service area in both Ohio and Kentucky.