Understanding solar incentives, credits, and rebates in Ohio As the adoption of solar energy continues to grow in Ohio, it’s important for you to know about all the financial incentives available to you as a homeowner. These incentives can significantly reduce the overall costs of solar panel installation and increase your long-term savings on energy bills. With a mix of state programs, local rebates, financing options, and long-term electricity bill savings, Ohio homeowners have several ways to reduce the cost of going solar .