Solar Incentives & Financing in Ohio
What type of solar incentives are available?
Several types of incentives can help you go solar.
Ohio residents are eligible for Ohio’s ECO-Link program. The Energy Conservation for Ohioans Program, or ECO-Link, offers a reduced interest rate to homeowners installing renewable energy or making energy efficiency upgrades to their homes. This program will help homeowners obtain reduced rate financing. Homeowners can receive up to a three percent interest rate reduction on bank loans for up to seven years.
The state treasurer’s office purchases an investment made by a bank at a discounted price. This purchase is made on behalf of the homeowner who is part of the ECO-link program. The lender then gives the discounted rate to the homeowner through a bank loan. Once the homeowner pays off the loan, the bank returns the investment to the treasurer.
Local incentive and finance programs
In Cuyahoga County, the Clean Energy Financing Hub brings private financing at competitive rates to building owners (small businesses, large commercial/industrial, local government, non-profit, and faith-based institutions) in Cuyahoga County for energy efficiency upgrades and solar projects.