The Ohio Department of Development (ODOD) has resumed funding for solar residential electrical projects, which, combined with the federal program, is designed to make home solar systems more affordable and to reduce the payback time from 30 to roughly 10 years. The program is administered by the Ohio Department of Energy, which will award grants for residential solar projects at the rate of $3 per watt, up to $25,000. The monies will come from the ODOD advanced energy fund, which receives approximately $5 million annually from a 9% per month fee on the electric bills paid by customers served by an investor-owned utility. Municipal systems customers do not pay this fee and are not eligible for this program.
The restoration of this program shows that, even in tough economic times, investments in alternative / green energy often make sense. Find out more information here.
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