Oregon Solar Incentives & Cash Rebates
Current Oregon Solar Incentives For Homeowners
Current Oregon solar incentives, allow homeowners to get back up to 80% of the upfront costs associated with a brand new solar energy system. By combining free, renewable energy with lucrative state and federal tax credits you can see why thousands of Oregonians from across the state are choosing solar to realize short and long-term competitive benefits.
Click On The Tabs To Learn More About Earn Incentive
Energy Trust of Oregon Cash Incentive
If you are a Portland General Electric (PGE) or Pacific Power customer, you will receive a cash rebate from the Energy Trust of Oregon. This rebate goes to the solar installer and drops your cost of going solar. How much you will receive can vary a bit depending on which company services your home. Current incentive levels are below.
Current Energy Trust Incentive Levels
Please remember, Energy Trust cash rebates can decrease without warning. As a result, be cautious about waiting too long before reaching out to us for an official quote. Contact us to check the latest status. We’re available via the web or by phone.
|PGE Residential||$0.45 per Watt to $3,600|
|Pacific Power Residential||$0.55 per Watt to $4,400|
- The solar installer must be a certified Solar Trade Ally by the Energy Trust of Oregon.
- All solar equipment must be new and UL listed.
- Verification from Energy Trust tax inspectors.
Federal Investment Solar Tax Credit
The Federal Solar Tax Credit will directly credit your federal business taxes, wiping out any tax liability that you have on a dollar-to-dollar basis. This incentive is a credit to your tax return worth 30% of the total cost of your solar electric system. The credits can be used within 5 years from the date of installation.
Example Using The Federal Solar Tax Credit
Cost of System
Federal Tax Credit Gained
Earn Energy Credits With Net Metering
Net Energy Metering is how your utility compensates homeowners with solar panels for providing clean, renewable energy to your neighbors. Your utility must keep a “running tab” on how much solar energy you generate and then subtracts what you gained from your bills reducing your monthly electric bills. Any extra energy credits that you save up must be carried forward to the next month’s bill for a full year.
Each credit is worth equal the market rate which is the price you pay for electricity.This means that you can bank up energy credits for solar power that you create in the summer, then use it in the winter when the sun isn’t shining so much.
Example of Net Energy Metering
You generate 1,000 kilowatt-hours of solar power.
You consume 650 kilowatt-hours of utilit energy.
Therefore, you net 350 energy credits.