Solar Panel Incentives Oregon

The most significant incentive to install solar panels for homes and businesses in oregon is the federal solar tax credit.

Solar panel incentives oregon.

It s a step in the right direction though available funds are lacking. Hb 2618 2019 created a new solar plus storage rebate programat the oregon department of energy. Cash incentives from energy trust oregon solar rebates and federal tax credits can offset as much as 50 percent of your solar installation costs. Electric vehicles in oregon energy trust of oregon.

The oregon department of energy s residential energy tax credit program ended in 2017. In addition to the state specific incentives mentioned above you can cut the cost of your solar panel system by 26 percent. In most of the state of oregon solar cash incentives for solar panel systems are provided by the energy trust of oregon. We estimate just 400 homeowners may benefit before funding is exhausted in 2020.

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. Unfortunately these incentives are not available to every oregonian. Energy trust helps protect your investment by reviewing the plans for your system before construction. Your energy trust cash incentive will be applied to the cost of your solar installation upfront like a coupon reducing the amount you pay your contractor.

Created in 2006 and funded by the oregon department of energy homeowners who installed solar panels prior to 2017 were eligible for a credit on state taxes at 1 70 w of installed capacity up to 6 000 making it one of the best solar incentives in the country. 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. Hb 2618 2019 created a new solar and solar plus storage rebate program at the oregon department of energy. Oregon gets plenty of sunshine for making solar power and it s more affordable than you may think.

Thank you to the nearly 600 000 oregonians who participated in the program since 1977. Oregon s new rebate program targets low and moderate income residents. 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. Energy projects may also be eligible for other state and federal incentive programs.

Allow the professionals to install and verify your system.