By leasing a solar panel system for your home, you may be able to save over $300 a year. Check the “Details” tab for more information. The cost of the system is the “net cost” which subtracts other incentives – such as Energy Trust or local incentives – a project might receive. Although this rebate will most likely expire around 2025, the overall goal of the RPS, as of its most recent revision in 2016, is to supply Oregon with 50 percent of renewable energy by 2040. Breaking News – HB 2618, Solar Rebates for All, passes the Oregon Legislature! So there’s a lot you can financially gain from buying a solar panel system. The most notable of these rebates is provided by the City of Ashland, which will pay a cash rebate of $0.50/W, up to $7,500 to its customers for when they go solar. OREGON To meet the unique regulatory, economic and community needs of each state, participating stakeholders in Washington and Oregon have collaborated to develop state-specific goals that are best suited to each state. Federal Energy Tax Credit: Covers 30 percent of the cost, after deducting the Energy Trust incentive, of a solar electric system installed by December 31, 2019. On average, a 5kW solar system purchased in Oregon may cost you about $22,000 initially. Between spacious northern coasts and evergreen forests, Oregon is a state full of natural beauty. The Oregon De​partment of Energy developed the Oregon Solar Dashboard in partnership with regional utility, solar industry, and community partners. So focusing on renewable energy offers a lot of benefits for both you and the rest of the state. Net metering programs have been crucial for solar energy markets across the nation by allowing residents to send surplus net energy to the electric grid and receive compensation for it on their energy bill. When you live in Oregon, you won’t need to account for sales tax in your budget in any case. For the Beaver State, residents have long understood the value of their unique natural environment. Even better? Over 5,900 homeowners in Oregon have used EnergySage to receive & compare solar panel installation quotes! a prediction of how much energy your solar installation will produce over time. Oregon has a lot of national treasures. Oregon Community Solar Program fact sheet, Increase the access and benefits of solar to low-income communities and communities of color, Strengthen the advocacy capacity of communities around the state regarding solar, and diversify the network of organizations that engage in solar policies, Increase solar employment in low-income communities and communities of color, Engage regulatory entities and utilities to explore distribution, locational needs and complementary technologies that add value to solar deployment, Increase the business community’s connection to solar, Increase the popular understanding of solar opportunities and technology. Either way, solar energy can be a fantastic way to both help the environment and save money. You must also meet Energy Trust’s income qualifications listed below. Don’t get sold on the hype! A solar PV system, when you consider the money you could potentially be saving and rebates and tax credits in Oregon, is a fantastic investment. Solar Power in Utah: All You Need to Know! Although, Oregon is only ranked 19th in SEIA’s national rankings of 2018, a recently revised Renewable Portfolio Standard (RPS) will help to spur further solar development in the coming years. In the middle of the COVID 19 pandemic National Solar did all the paperwork start to finish and we had to only sign two documents one was to accept the proposal which was done online and second after installation. You will receive approximately $2,100/kw. We’ve developed our online “How to Go Solar” guide to assist you in navigating the process to install these two types of solar. Besides the federal ITC, Oregon has additional incentives for going solar that are dependent on your area and utility company. This is fantastic when you consider the fact that the systems can add anywhere from $15,000 to $20,000 in additional home value. This fact sheet provides an overview of the program elements that are known to date. Oregon offers both performance payments and a net metering program. You’ll be able to, Depending on your unique situation you could enjoy a lot of benefits from installing a solar panel system so we recommend you. I used EnergySage's Solar Data Explorer to understand the costs and benefits of solar in Oregon. When buying a system, you’ll have full access to all potential rebates and tax credits, which should definitely be taken into account as these rebates and tax credits can significantly reduce the initial cost of a solar panel system, making it easier to obtain one. Oregon already encourages both utility companies and residents to consider renewable energy. But Oregon has a lot to offer when it comes to developing renewable energy. Steps Details Resources FAQs. Leasing can be a great way to obtain a solar panel system even if you can’t afford to make the initial investment. Yes. And when your lease expires, you may be able to buy the system so it’s definitely an option to consider. We also encourage you to attend one of our free Basics of Solar Workshops across the region to learn more about installing solar on your home. Funded by a 3-cent surcharge on every ratepayer’s utility bills since 2002, the objective of this public benefits fund has been to support renewable energy and energy efficiency projects through grants and subsidies. However, a number of program elements, requirements, and goals are known in the rules. In Oregon, the average solar payback period is 11.37 years. From Oregon data, it is shown that the average cost of a solar panel installation ranges from $10,965 to $14,835. Between that and tax credits, residents who buy their solar panel system will be able to more easily afford the initial investment. To meet the unique regulatory, economic and community needs of each state, participating stakeholders in Washington and Oregon have collaborated to develop state-specific goals that are best suited to each state. For property owners, you now can customize your solar panels, inverters, racking systems, and batteries, as well as the general aesthetic of the installation. Leasing a system can still allow you to save an incredible amount of money each year. Over the life of the system, you may even be able to turn a $17,000 profit. You can see how much solar panels can save you based on factors like geographic location and shading by using the EnergySage Solar Calculator. From financial benefits to environmental contributions, buying or leasing a system means fantastic things for you, especially once you start seeing returns from the power your system is producing. Altogether, it may help you save up to $9,500, which as you may notice is a significant chunk of your initial investment. Oregon does not have a solar sales tax exemption because there is no sales tax in Oregon, period. A solar panel installation can save you about $300 a year on average and turn a profit of over $17,000. Since then, ETO has offered very generous and direct rebates, which today pay $0.45/watt up to $3,600 for solar as long as you’re a customer of Portland General Electric (PGE) or Pacific Power. Calls to action work better if you share some of your personal story, so don’t be afraid to edit the text and tell people why you care about solar! How long does it take to earn back your initial investment in solar panels? ». To learn more about Oregon’s best financial incentives for solar, check out our complete overview of the state’s best solar incentives. In 2016, as part of Oregon Senate Bill 1547, the legislature created a new structure for customers of Pacific Power, Idaho Power, and Portland General Electric to participate in community solar projects. Following the passage of Oregon’s Renewable Portfolio Standard (RPS) in 2007, ETO became well established in the clean energy industry due to the RPS’s requirement that large investor-owned utilities source 8 percent of their electricity sales from small-scale renewable energy projects with a capacity of 20 MW or less by 2025. Over a 25 year lease, you may be able to save as much as $9,064. To this end, the Solar Plus forum developed an Equity Framework to guide strategy and program development. How much does a solar system cost these days? There are additional factors that determine how much solar electricity you can produce. In Oregon, your tax credits are subject to a maximum cap of $6,000. The energy produced by your system can then be monitored. ENERGYSAGE and the EnergySage logo, are trademarks owned by EnergySage, LLC. The federal ITC is eliminated for residential solar installations after 2021, but commercial solar energy system owners can still deduct 10 percent of a commercial solar system cost from their taxes in 2022 and beyond. However, Oregon solar policy excels in other areas, such as by allowing a maximum system size of 25 kilowatts (kW) and through providing access to community solar programs since 2016. By opting for some rebates, you might not be able to also take advantage of the performance payment program. Oregon Solar Plan. This evaluation offers a clear estimate of how much energy your solar installation will produce.