Solar Farms In Oregon & Washington
Solar Is A Perfect Match For Farms, Vineyards, and Orchards
Agricultural solar energy is an investment that can deliver a significant return to Oregon and Washington farmers. Especially for agricultural producers and other small, rural businesses located in these states. Wondering if you can afford a solar panel installation for your farm? With today’s solar incentives for farms, you can get up to 85% of your cost recovered through cash incentives, tax breaks, and energy savings.
A selection of solar incentives in both Oregon and Washington State makes this possible:
US Dept. Of Agricultural Solar Grant
Officially called the Rural Energy for America Program (REAP) Grant, this grant cover 25% of the total cost of a solar installation is available through the USDA. At Sunbridge, we in-house 100% of the grant writing at no extra cost to you so you can keep focused on your business. As of 2017, we have a perfect track record of successfully funded projects.
Washington State Solar Production Incentive
Washington state offers a unique production incentive program which pays up to $5,000 cash per year for the solar energy that your system produces.
For systems installed with made-in-Washington Itek Energy solar panels, the incentive rate is $0.11 per kilowatt-hour (up to $25,000 per year). These calculations are made each month and a cash payment from your electric PUD is delivered to your business once every year.
Energy Trust of Oregon Cash-Incentive
If you are a Portland General Electric or Pacific Power customer, your business is eligible to receive a cash rebate from the Energy Trust of Oregon. This cash rebate goes to your business and drops your cost of switching to solar.
How much you will receive can vary a bit depending on which company services your home. Current incentive levels are below.
Energy Trust Cash Commercial Solar Rebate Rates
Portland General Electric
Small Solar Installations up to 20 kW: $1.00/watt
Large Solar Installations, 21kW – 300 kW: $1.00-$0.50/watt*
*Sliding scale used for rebate calculation. Max rebate is $150,000. Get a free quote for an exact amount.
Small Solar Installations up to 15 kW: $1.00/watt
Large Solar Installations, 16 kW – 300 kW: $1.00-$0.40/watt*
*Sliding scale used for rebate calculation. Max rebate is $120,000. Get a free quote for an exact amount.
*Please remember, Energy Trust cash rebates can decrease without warning. This is because each incentive level is only allocated a certain amount of funding. When “step-funding” becomes used up, the incentive rates drop to a new level. As a result, be cautious about waiting too long before reaching out to us for an official quote.
Qualifications to Receive ETO Cash-Incentive
- 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 technicians.
Receive A 30% Federal Solar Tax Credit
The federal government offers a tax credit of 30% of a total solar installations’ cost, including labor and equipment. This incentive is only available for solar energy investments made before 2019.
There is no cap for this credit and it can be applied directly to your business’ federal taxes. If you can’t use the entire credit in one year you can spread it out for up to twenty years. Financing is available for solar at under 5%.
MACRS, 5-Year Accelerated Depreciation
Businesses can depreciate 85% of the total system cost on the 5 years accelerated scale. This can add a tremendous amount of financial value to your system depending on your tax rate. This article gives an overview on how to calculate the MACRS Solar Depreciation Benefit for your business. You may also easily contact us. We are very familiar with how depreciation works!
Are You Interested in How These Incentives Work Together?
Sign up for a free solar evaluation and we will design a custom solar panel system to the specifications you want. Our evaluation will provide you with an estimate including payback period, total cost, environmental benefits, and more.
Did we mention we have a 10-year craftsmanship warranty which includes monitoring support and on-call tech support? We do! We also have an extensive online resource for our existing customers.