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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
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

ohio peak sun hours

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 approaching his third year of working in the solar industry and has completed Solar PV101 training through Solar Energy International. He serves as the Marketing Manager at Paradise Energy Solutions, working from our corporate headquarters in Paradise, PA.

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