Contemporary home with rooftop solar system in Parma, Ohio - Solar Incentives

Solar Incentives in Parma, OH

Complete guide to solar tax credits, rebates, and incentive programs available to Parma homeowners in 2026.

TL;DR

Parma homeowners can stack the 30% federal tax credit with Ohio programs to cut solar costs.

Parma homeowners qualify for the 30% federal solar tax credit (ITC) on total system cost.
Ohio offers net metering, crediting Parma homeowners for surplus solar sent to the grid.
Ohio adds 2 state-level incentives on top of the federal credit.
Ohio has an SREC market, so Parma owners earn credits for every MWh produced.

Federal Solar Investment Tax Credit (ITC)

30% of total system cost

Parma homeowners can deduct 30% of the cost of installing a solar energy system from their federal taxes. This applies to all qualified solar installations in Parma, OH.

What solar incentives can Parma homeowners get?

Ohio Solar Renewable Energy Credits

SREC

Ohio's Renewable Portfolio Standard requires utilities to source a percentage of energy from solar, creating demand for SRECs.

Value

$10-$25 per SREC

Property Tax Exemption

Property Tax

Ohio provides a property tax exemption for the added value of qualified solar energy equipment.

Value

100% property tax exemption on solar value

How does net metering work in Parma, OH?

Available

Ohio requires investor-owned utilities to offer net metering for residential solar systems. Customers receive credits at the full generation rate.

What are SRECs in Parma?

Available

Ohio has an SREC market as part of its Renewable Portfolio Standard. While SREC prices have been lower than in neighboring states, they still provide additional revenue for solar owners.

Average SREC Price: $10-$25 per SREC

Tax Exemptions in Parma

Property Tax Exemption

Solar systems in Parma are exempt from property tax assessment increases

Sales Tax Exemption

No sales tax exemption for solar equipment

How to Claim Solar Incentives in Parma

Install your solar system: Work with a qualified Parma solar installer to design and install your system.
Claim the federal ITC: File IRS Form 5695 with your federal tax return to claim the 30% tax credit.
Apply for state programs: Contact your Ohio energy office or local Parma utility to apply for available incentives.
Set up net metering: Contact your utility in Parma to set up net metering and start earning credits.
Keep records: Save all receipts, contracts, and permits for tax filing and warranty purposes.

Row of solar panels producing renewable energy in Parma, Ohio - Solar Incentives

Frequently asked

Solar Incentives FAQ - Parma, OH

Parma homeowners can take advantage of the 30% federal solar tax credit, plus 2 state-level incentive programs, net metering, and SRECs. These incentives can reduce your total solar cost by 30-50%.

The 30% federal tax credit alone can save Parma homeowners approximately $5.2k on a typical system. Combined with Ohio state programs and SREC income, total savings over 25 years can reach $28k or more.

Ohio requires investor-owned utilities to offer net metering for residential solar systems. Customers receive credits at the full generation rate.

To claim the 30% federal ITC, Parma homeowners need to file IRS Form 5695 with their annual tax return. The credit applies to the full cost of your solar system including equipment and installation. You must own the system (not lease it) to claim the credit.

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