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What Does Commercial Solar Cost in Ohio?

If you’re considering solar for your Ohio-based business, now is a good time to make the switch.

 

Prices for solar in Ohio have dropped 47% in the last year alone (as of Q2 2018). This drop in cost means you break even faster and start generating free electricity sooner.

 

A 50 kW to 100 kW commercial solar system typically costs between $100,000 and $250,000 before financial incentives are applied. With available incentives, you could recoup 30% to 75% of the system’s cost within the first year.

 

The average commercial solar system can save you $100,000 to $350,000 over the 30+ years of the solar system’s life.

 

Average Commercial Payback and ROI in Ohio

These numbers are averages based on projects we have completed in Ohio.

 

ohio-solar-payback-ROI-figure
Payback is the amount of time to re-coup up-front costs.
ROI is the annual rate of return over a 30-year period.

 

Ohio Tax Incentives

  • Federal 30% tax credit.
  • 100% bonus depreciation

More About Incentives »

 

A Real-World Example From Ohio

 

To illustrate a cost situation, we’ve highlighted nüCamp, a manufacturer of RVs and teardrop trailers based in Sugarcreek, OH.

 

 

nucamp-solar-savings

 

System Overview

  • 1,909 solar panels and 15 inverters
  • 629.7 kW system
  • 643,527 kWh (First year production)

 

View nuCamp Case Study »

Will Solar Panels Work in Ohio?

 

The short answer is yes. But first, let’s explore a bit about how we estimate solar production.

 

Solar power estimates are based on a measurement called a Peak Sun Hour (PSH). A PSH represents the amount of solar energy available during a day. The average PSH in Ohio is 4.15 hours per day (based on fixed-tilt solar panels).

 

For comparison, look at Germany.

 

Germany is not known as a sun-drenched country. However, Germany has long been a leader in global solar output. In 2014, Germany produced 177 GW from solar power (1 GW is about equal to the output of a large natural gas or nuclear power plant.)

 

Peak Sun Hours (PSH) in Ohio Cities

peak-sun-hours-map-Ohio

Source: turbinegenerator.org

 

Notable Commercial Solar Installations in Ohio

Campbell’s Soup in Napoleon. Solar installation provides 15% of the facility’s electricity.

Assurant in Springfield. Added 6,200 solar panels on rooftops and 15 new parking canopies.

 

Solar Resources for Ohio Businesses

Ohio Solar Statistics and Policies
>SEIA – Ohio Solar Policy

 

Ohio Solar Incentives, Rebates, and Grants
>Database of State Incentives for Renewables & Efficiency (DSIRE)
>Clean Energy Authority

 

Resources From Our Blog
>Cash Purchase vs. Operating Lease vs. Capital Lease
>Advantages of Solar Power for Your Commercial Property

Find Out If Solar Makes Financial Sense For Your Business

The first step to making a great solar investment is to receive a no-obligation custom quote. We’ll evaluate your current energy usage, conduct a site assessment, go over financing options and incentives, and provide you with a free detailed quote that shows the cost, ROI, and a year-to-year cash flow.

 

Get a Quote

Andy Schell

Andy is the Marketing Manager at Paradise Energy Solutions, working from our corporate headquarters in Paradise, PA.

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