Agriculture Solar Panels in London & Dayton, OH

Benefits of Doing Solar with Ohio Power Solutions

Significantly Reduce Your Electric Bill
Leverage the 30% Tax Credit While Still Available
Leverage our Grant Writing Skills to Receive a USDA Cash Grant up to 25%
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, especially for farmers. Farms and small rural businesses can not only leverage the 30% tax credit and tax savings from depreciation, but they can also leverage a USDA/REAP cash grant up to 25% of the total system cost. These incentives, combined with the significant price reductions within the past few years makes a solar system an amazing investment. See Solar Energy Industries Association’s data on solar prices over the past several years.

Utility Rates Will Rise

Farmers are typically paying between $0.08 to $0.12 cents per kWh. With expected rate increases (https://www.eia.gov/todayinenergy/detail.cfm?id=17791) over the next several years, combined with affordable system prices, the 25% USDA cash grant, tax savings from depreciation, 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 4 years, with an internal rate of return between 13-14%. This is like getting a 30 year CD at 6-7%. 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 business/home increases $20 for every $1 decrease in the annual energy costs.” A solar system for a farm can easily save $3,000 annually, resulting in an increase in property value of $60,000. 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.

Solar systems can be installed on rooftops of out buildings or on (otherwise) unusable land. If you are interested in a free site assessment don’t hesitate to contact us. Also, check out our frequently asked questions for more information.