Ohio budgeting for solar panel incentives
One of the largest barriers of going solar is the upfront cost. Many cities in California are now offering homeowners low interest financing for a solar electric system that is paid back through property taxes. The money is raised through a bond and then paid back as the residents make the monthly payments on their solar panels. If the owner of the home decides to sell the home, the payments on the solar electric system are continued by the new owner until the system is paid off. When municipal financing is available to residents the number of solar electric system installations skyrocket.
Ohio’s state government has made legislative improvements to allow cities across Ohio to raise money for residential solar installations for it’s residents.
What do you think about muni-financing that allows more people to access solar power?