Cost & Savings Breakdown
Based on $150/month electric bill in Parma
System Size
7.9 kW
Annual Production
9,481 kWh
Gross System Cost
$23,361
Federal Tax Credit (30%)
-$7,008
State Incentive
-$500
Net Cost
$15,853
Monthly Savings
$122
CO₂ Offset/yr
8,722 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityFirstEnergy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.154/kWh
Peak Sun Hours4.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Ohio State Incentive — Ohio offers a sales tax exemption on solar equipment.
Common Questions
How much does solar cost in Parma?
Solar in Parma, Ohio costs approximately $23,361 for a 7.9 kW system. After the 30% federal tax credit, your net cost is about $15,853.
What is the solar payback period in Parma?
The estimated payback period for solar in Parma is 10.9 years, based on a $150/month electric bill and local sun hours of 4.1 hrs/day.
Does FirstEnergy offer net metering?
FirstEnergy offers Full Retail net metering. Full retail rate.