Oregon Solar Panel Rebates

Starting in january 2020 a new solar rebate program is avialable in oregon which provides rebates that can be claimed in conjunction with the amounts listed below.

Oregon solar panel rebates.

The program issues rebates for solar electric systems and paired solar and solar storage systems for residential customers and low income service providers in oregon. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. The incentive for residential customers is 20 per watt dc up to 40 of the total costs or 5 000 whichever is less. Oregon gets plenty of sunshine for making solar power and it s more affordable than you may think.

New oregon solar rebates for 2020. Regardless of the exact cost of installation there are many affordable financing options for solar panel systems. Thank you to the nearly 600 000 oregonians who participated in the program since 1977. Federal tax credits are non refundable which means you must pay taxes in order to claim the credit.

Oregon solar rebates and incentives. Oregon is a state with good solar resources with most of the state getting an average of more than 5 kilowatt hours kwh of sunlight per square meter a day. Read more about oregon rebates and incentives summary. The oregon department of energy s residential energy tax credit program ended in 2017.

Only the northwestern area of the state. Learn about the oregon community solar program. Please see the oregon solar plus storage rebate program page for more information. Cash incentives from energy trust oregon solar rebates and federal tax credits can offset as much as 50 percent of your solar installation costs.

A tax credit is a dollar for dollar reduction of the income tax you owe. Oregon loves the federal solar tax credit itc the value of solar incentives in oregon is even greater when taking into account the recent extension of the federal investment tax credit itc for solar. In oregon the average solar payback period is 11 17 years. Learn about tax credits for solar water pool heating.

Hb 2618 2019 created a new solar and solar plus storage rebate program at the oregon department of energy. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. From ductless heat pumps to rooftop solar to electric vehicle chargers your energy efficient improvements have made a big difference saving money saving energy and. The tax break reduces.

Solar works in oregon. Learn about solar storage for backup power. In addition to the state specific incentives mentioned above you can cut the cost of your solar panel system by 26 percent.