Cost & Savings Breakdown
Based on $150/month electric bill in Toledo
System Size
9.8 kW
Annual Production
12,269 kWh
Gross System Cost
$28,825
Federal Tax Credit (30%)
-$8,648
State Incentive
-$500
Net Cost
$19,678
Monthly Savings
$122
CO₂ Offset/yr
11,287 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityFirstEnergy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.119/kWh
Peak Sun Hours4.3 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 Toledo?
Solar in Toledo, Ohio costs approximately $28,825 for a 9.8 kW system. After the 30% federal tax credit, your net cost is about $19,678.
What is the solar payback period in Toledo?
The estimated payback period for solar in Toledo is 13.5 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does FirstEnergy offer net metering?
FirstEnergy offers Full Retail net metering. Full retail rate.