Is Solar Worth it in Cleveland?
Despite being further north, Cleveland's high utility rates (17.7¢) make solar extremely profitable here. You aren't just buying panels; you are escaping expensive grid inflation.
Homeowners in Cleveland are currently paying an average of 17.7 cents per kWh. Solar is a solid long-term bond, beating inflation in Ohio while immediately increasing your home's resale value.
With the Federal Solar Investment Tax Credit (ITC) currently set at 30%, a typical 6kW to 10kW residential system in the 44101 area can typically pay for itself in just 7.5 to 9 years. After this "break-even" point, your system generates effectively free electricity for the remainder of its 25-year lifespan.
Key Cleveland Statistics
- Avg Rate: 17.7¢ / kWh
- Sun Exposure: High (Northern US)
- Est. Payback: 7.5 Years
- Incentive: 30% Federal ITC
State Incentives for OH
Beyond the federal credit, residents of Cleveland should check for local net metering policies offered by their specific utility provider. These policies determine how much you get paid for sending excess energy back to the grid.