Is Solar Worth It in Oregon? Let’s Find Out
Considering solar power in Oregon? Sunbridge Solar examines the potential for sustainable energy in the Beaver State, balancing benefits like cost savings and environmental impact against factors such as initial investment and climate.
We break down the key advantages and incentives available to Oregonians, alongside the realistic considerations of adopting solar technology. Make an informed decision with our comprehensive insights into Oregon’s solar energy landscape.
5-Year Surge in Oregon Solar Installations
In the span of five years, Oregon has seen a remarkable surge in solar installations, marking a 216.7% increase. Starting with 1,200 in 2018, the state experienced steady growth, reaching 3,800 installations by 2022. This consistent upward trajectory highlights Oregon’s accelerating commitment to embracing renewable energy solutions.
Annual Growth of Solar Installations in Oregon (2018-2023):
- 2018: 1,200 installations
- 2019: 1,500 installations (25% increase from 2018)
- 2020: 2,000 installations (33.3% increase from 2019)
- 2021: 3,000 installations (50% increase from 2020)
- 2022: 3,800 installations (26.7% increase from 2021)
- 2023: 4,940 installations (30% increase from 2022)
Pros of Solar Energy in Oregon
Abundant Solar Potential
Oregon may surprise you with its solar potential, evident in the number of sunny days reported in its major cities:
- Portland: 144 sunny days per year
- Bend: 158 sunny days per year
- Eugene: 155 sunny days per year
- Salem: 150 sunny days per year
- Medford: 195 sunny days per year
These figures suggest that solar can be a reliable energy source throughout the year, even in a state known for its rain.
Environmental Impact
Solar power allows for a significant reduction in carbon footprint. It’s a clean source that effectively supports Oregon’s environmental goals and commitment to preserving natural beauty.
Economic Benefits
Adopting solar power can lead to substantial savings on electric bills. Oregon offers several state and federal solar incentives including tax credits and rebates which make solar an attractive economic investment.
Energy Independence
Solar owners enjoy less dependence on local grid systems, which protects them during outages and peak demand times. This independence also guards against the fluctuating costs of traditional energy sources.
Increase in Property Value
Properties with solar installations often see an increase in market value, an important consideration for homeowners planning for future property sales.
How Much Does Solar Cost in Oregon?
Solar panel systems typically cost between $15,000 and $25,000 after solar incentives. The cost of solar has been dropping rapidly in recent years and is now more affordable than ever.
What is the Average Payback Period for Solar in Oregon?
The average payback period for solar in Oregon is about 7 years. This also depends on factors, such as the solar resource where you live, the cost of electricity, the size of your system, the quality of equipment, and the solar incentives for which you qualify.
Cons of Solar Energy in Oregon
Initial Investment
Despite long-term savings, the upfront cost for solar installation can be high. Local incentives do exist to help mitigate these costs, making solar more accessible for more homeowners.
Weather Dependence
Though solar panels can generate power during overcast or rainy conditions, efficiency decreases. This can be a notable concern during Oregon’s darker winter months.
Aesthetic Impact
The appearance of solar panels remains a concern for some. However, technological advancements have led to more aesthetically pleasing options that blend well with various architectural styles.
Space Requirements
Effective solar panel installation requires adequate roof space with optimal exposure to the sun, which may not be available for every property.
5 Reasons to Switch to Solar in Oregon
Solar power is a great investment in Oregon for a few reasons. The state offers great solar incentives, including a tax credit and a solar rebate, which makes solar more affordable. In addition, Oregon has great solar resources, meaning that your solar panels will produce more electricity than in other states. Here are 5 Reasons Why Solar is Worth it in Oregon:
1. You’ll Save on Your Electric Bill
Solar panels will lower your electricity bill by offsetting the cost of the electricity you would otherwise purchase from your utility company. In Oregon, you can expect to save about $600 per year on your electricity bill with a typical solar panel system.
2. You’ll Increase the Value of Your Home
A solar panel system will increase the value of your home by an average of $3,000. This increase in value is in addition to the savings on your electricity bill, meaning that you’ll recoup your investment in solar panels very quickly.
3. You’ll Be Helping the Environment
Solar panels produce clean, renewable energy that doesn’t pollute the environment. In Oregon, you can expect your solar panels to offset the emissions of about 1.5 cars annually.
4. Fantastic Solar Incentives
Oregon offers a great solar incentive package, which includes a tax credit and a solar rebate. The tax credit allows you to deduct 30% of the cost of your solar panel system from your state taxes. The solar rebate, meanwhile, covers up to $800 of the cost of your system. These incentives make solar more affordable and make it an even better investment.
List of Solar Incentives Available in Oregon
- Energy Trust of Oregon Cash Incentive (PGE & Pacific Power Only)
- Portland Clean Energy Fund (Portland Only)
- 30% Federal Tax Credit
- Dept. of Energy Solar & Battery Rebate
- Oregon Net Energy Metering (NEM)
- Solar Within Reach Program
5. Great Solar Resources
Oregon has great solar resources, meaning that your solar panel system will produce more electricity than in other states. In fact, Oregon has the 4th best solar resource in the country.
What is Net Energy Metering?
Net Energy Metering (NEM) is a program that allows you to sell the excess electricity generated by your solar panels back to the grid at the same rate that you pay for electricity. This program makes solar an even better investment by increasing the value of the electricity generated by your solar panels.
Oregon Solar FAQs
Are solar panels worth it in Oregon?
Absolutely. Given Oregon’s solar potential, environmental ethos, and the economic benefits afforded by local incentives, solar panels are a valuable investment for Oregonians. They not only contribute to a more sustainable future but also offer long-term savings on energy bills.
How much are solar panels in Oregon?
The cost of solar panels in Oregon can vary based on the size of the system and the specific needs of your property. While the initial investment may seem substantial, state-specific incentives, tax credits, and rebates can significantly reduce the overall expense.
Are solar panels free in Oregon?
While solar panels themselves are not free, Oregon offers low-income incentive programs designed to make solar energy more accessible to a broader segment of the population. These programs help reduce the financial burden of solar installations for qualifying individuals.
Is it worth removing trees to install solar panels?
It depends. While removing trees might increase solar panel efficiency, it’s essential to consider the cooling effect that trees provide, which can also lead to energy savings. If shading is an issue, ground-mounted solar systems could be an alternative solution that allows you to preserve your trees.
Can HOA prohibit solar panels in Oregon?
No, Oregon law prevents homeowners’ associations (HOAs) from outright prohibiting solar panel installations. However, HOAs can impose certain restrictions on their placement and appearance, which might complicate the installation process. It’s advisable to consult with your HOA and a solar professional to navigate these challenges.
Does Oregon have a Solar Energy Tax Credit?
Yes, Oregonian homeowners and businesses are eligible for a 30% tax credit for solar energy systems including energy storage. This tax credit is called the federal Investment Tax Credit (ITC). Oregon itself does not offer any state tax credits for solar.
What is the tilt angle of solar panels in Oregon?
The optimal tilt angle for solar panels in Oregon’s top cities roughly matches each city’s latitude, aiming for efficiency across seasons. Here’s a guide for some of the state’s major locations:
- Portland: Located at about 45.5°N latitude, an optimal tilt angle would be approximately 45 degrees.
- Salem: With a latitude near 44.9°N, a tilt angle close to 45 degrees is ideal.
- Eugene: Situated at around 44.1°N latitude, the optimal angle would be approximately 44 degrees.
- Bend: Located at about 44.1°N latitude, aiming for a tilt angle of around 44 degrees works well.
- Medford: At a latitude of approximately 42.3°N, a tilt angle close to 42 degrees would be optimal.
These angles are general recommendations that aim to maximize solar energy production throughout the year; however, adjustments may be necessary based on specific site conditions like roof slope or shading factors.
Read More: Why Total Solar Resource Fraction is Required in Oregon
So, Is Solar Worth It In Oregon?
In summary, investing in solar energy in Oregon presents a compelling case given the state’s commitment to sustainability, available financial incentives, and the capability of solar panels to meet energy needs reliably across many regions.
However, to ensure you’re getting the best value for your investment, it’s wise to gather multiple solar estimates from different Oregon solar companies. This approach will help you compare costs, services, and potential savings, ensuring that your transition to solar energy is as beneficial and seamless as possible.
Try Out Our Free Solar Calculator
To find out how much you could save with solar, try out our free solar calculator. This calculator will show you the estimated cost of a solar panel system, the estimated savings on your electricity bill, and the payback period.
