Solarize: What You Need to Know

Switching to clean energy is one of the world’s biggest challenges right now, as the impact of fossil fuels on our economy and our well-being becomes increasingly pronounced. But this kind of massive shift cannot occur overnight, and requires the participation of everyday consumers as well as large-scale enterprises and government-backed entities in order to succeed. Read more

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Learn All About Solar Energy at Our Solarize Workshop

Solar energy has been a huge buzzword across the US for the past 10 years, and it all can seem a bit overwhelming. With all of the advances in technology, it has been hard to keep up with the world of solar energy. We at the Greater Cincinnati Energy Alliance have been working hard to make solar energy easily accessible for everyone in the Ohio/Kentucky tristate area. One of the best programs we have started to make solar energy easy to understand is our monthly Solarize Workshops. Read more

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Solarize Installers: Icon Solar

 

 

 

 

 

 

 

 

From Icon Solar:

In 2009, the founders of Cincinnati-based Icon Solar began delivering environmentally and economically-friendly energy to Ohio, Kentucky, and Indiana. Our experts are committed to comprehensive customer service and are passionate about saving our customers’ money.

Icon Solar is one of the largest residential installers in the region and stands at the forefront of solar technology, so you know you’re getting the best solar partner. Icon Solar will be by your side during your entire solar journey. We’ll explain the benefits of solar panels, like creating your own clean energy, reducing your carbon footprint, and potentially saving you tens of thousands of dollars on your electricity bill.

Our team handles every detail of installation, from permit to grid hook-up, efficiently, and courteously. We invite you to take a moment to get to know us better.

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Solarize Installers: Solar Energy Solutions

From Solar Energy Solutions:

 

Solar Energy Solutions experience as a Contractor for regional Solarize Campaigns in 2017 includes 161.5kW for Solarize Cincinnati, 198.0 kW for Solarize Evansville and 252.6kW for Solarize Bloomington.  In 2017, SES completed 9 Commercial Projects, 16 Institutional projects and 116 Residential Projects for a total of 3.17 MW.

Installing residential solar is key to our company as we have strong personal beliefs about the right of each individual to own and operate their own costs effective distributed solar generation. Most of the installs completed by SES in city or rural locations have brought us lifelong relationships with our customers and you can bank on us being with you to start you down the solar road and to support you fully at each and every stage of the journey over the decades ahead.

We differentiate ourselves by our devotion to certification and training in order to provide systems which will still be performing faultlessly in decade’s time. Our full-time in-house teams are specialized in either residential or commercial areas and hold multiple electrical Journeymen and Master qualifications.  In addition, we have 4 NABCEP (North American Board of Certified Energy Professionals) approved staff, and ongoing solar training which puts our installers at the top level of national performance. We also pride ourselves with having the ability and passion to bring you the latest technology rapidly in a very fast moving and evolving industry.

Solar Energy Solutions was founded in 2006 and is focused solely on solar PV projects having executed over 850 installs over that time period; with over 516 being residential. We are one of the regions oldest and most experienced solar engineering, procurement and construction (EPC) company. We operate in 6 states with a focus on Ohio, Kentucky, and Indiana.  We have regional offices in Cincinnati OH, Louisville, KY, and Evansville IN are headquartered in Lexington KY, with regional offices in.  We’re a small company with a big vision to make solar accessible to everyone in our region.

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Saving Money with Solar

Purchasing solar panels for your home is a valuable investment. We are all familiar with the costs, but what about the benefits? Here are three financial benefits to consider as you determine if a solar investment is right for you.

Generate your own energy

1. Generate your own energy, save money on your energy bill

The energy that you generate from solar panels means you will purchase less energy from your local utility. Each kilowatt hour generated is money that you save. A 6 kilowatt solar array will generate around 7,674 kilowatt hours (kWh) per year. At a standard cost of electricity (around 11 cents), that’s around $844 per year in money saved. And with energy costs continuing to rise, the value of your savings will increase over time.

30% Federal Tax Credit

2. 30% Federal Tax Credit

The federal government provides tax incentives for the purchase of solar and other renewable energy assets. Upon installation of a solar array on your home, you will be eligible for the federal Residential Energy Tax Credit which is equal to 30% of the cost of systems installed by December 31, 2019. If you install a 6 kilowatt system through Solarize Cincy (estimated price $15,000), then you are eligible for a tax credit of $4,500.

Ohio SREC Incentive

3. SRECs, a state based credit system

Most states provide some additional credit for solar investments. In Ohio, public utilities must purchase a small percentage of solar for each kW of energy they sell to customers. Solar Renewable Energy Credits (SRECs) represent one mega-watt hour of electricity (1,000 kWh). For each mega-watt hour (MWh) that your system creates, you can sell the renewable attribute of the energy on the market. Due to changes adopted by Ohio earlier this year, the value of SRECs has declined. However, the current market will pay around $10 per SREC. As in the above example, a 6 kilowatt system could generate 7 SRECs or $70 per year.

How much do Solar Panels REALLY cost?

Here is the example above in more detail:

  • We purchase a 6 kilowatt solar PV system ($15,000)
  • Of that cost, we spend less on energy because we created our own ($844 in the first year or $27,765 over 25 years)
  • Plus, we received the federal Residential Energy Tax Credit ($4,500)
  • Finally, we sold our solar renewable energy credits (SRECs) ($70 per year or $1,630 over the projected life of the system)

So, in the above example, the system we purchased generates $27,765 in utility bill savings, $4,500 from federal tax credits, and $1,630 from SRECs. That’s $33,895 in benefits which puts $18,895 back into your pocket.

Here are some more examples of how much you might save by installing Solar:

Graphics_Saving_Money_with_Solar

 

1. Pricing reflects a basic installation using a standard panel. Complex installations may require additional charges.
2. Based on an $0.11 per kWh base rate with a 2.99% annual escalation in the cost of electricity (US EIA projection).
3. Based on a SREC value of $10 per mWh over 25 years.

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