The Pacific Northwest is quite progressive when it comes to enacting solar legislation. A variety of generous incentive programs are offered by Oregon, Washington, and local utilities on top of the federal 30% Solar Investment Tax Credit. These incentives won't be around forever, so act now to capitalize on them while they're still available. 

FEDERAL TAX CREDIT
The federal government gives a tax credit for 30% of the cost of a residential or commercial solar system, with no upper limit, through December 31, 2019. The credit will decrease to 26% for all systems placed in service after December 31, 2019, and before January 1, 2021, and decrease again to 22% for all systems placed in service after December 31, 2020, and before January 1, 2022. This credit is available for both existing homes and for new construction.

NET-METERING
Oregon and Washington offer net-metering for customer-owned renewable energy generation. For an explanation of how it works, click here.

LOCKED IN ELECTRICITY RATES

Oregon and Washington have cheap electricity rates right now, which is keeping your electric bill low. However it's important to consider that rates typically increase each year. If your electricity rates were to increase at 5% annually, in five years you will be paying $115/month instead of $90. By installing your own home solar power system, each year you are paying off an energy system that is getting closer to energy independence.

If you want to find out how an electric solar system pencils out for you, fill out our free site evaluation form!


Oregon Incentives and Financing

ENERGY TRUST CASH INCENTIVE
Energy Trust of Oregon Solar Electric Buy-Down Program: available to customers of Pacific Power and PGE who install new home solar power systems on new or existing homes

Details: For systems owned by homeowners: $0.50/watt-DC (W) installed with a $4,000 cap per site for Pacific Power customers, and $0.55/watt-DC (W) installed with a $4,400 cap per site for PGE customers.


PROPERTY TAX INCENTIVES
If you install a home solar power system in Oregon, the added value to your home from the system will not be included in the assessment of the property’s value for property tax purposes. What's more, a recent study by the U.S. Department of Energy’s Lawrence Berkley Laboratory found that home buyers consistently have been willing to pay more for homes with host-owned solar photovoltaic (PV) energy systems —averaging about $2 to $4 per watt of PV installed—across various states, housing and PV markets, and home types. This equates to a premium of more than $15,000 for a typical PV system.

RECOMMENDED FINANCING PROGRAM


Washington Incentives and Financing

WASHINGTON STATE PRODUCTION INCENTIVE

The state of Washington pays owners of residential solar PV systems based on their production, regardless of consumption. Production rates vary based on system size, date of installation, and whether or not the solar modules are made in Washington. Incentive payments are distributed over a period of eight years or until 50% of the total system cost is offset. 

RECOMMENDED FINANCING PROGRAM