Benefits of Solar Energy
Solar energy has numerous advantages that will enhance your home for years to come.
- Lower energy bills: Generating some or all of your own energy will spend less on electricity long-term. Plus, some states provide net metering programs that make it possible for you to sell your extra energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Photovoltaic solar panel systems with battery storage systems operate through power outages and emergencies, and you won't have to rely on the power grid for your safety and comfort.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Aloha Homeowners?
Oregon homeowners who decide on solar could qualify for reimbursements, rebates, tax credits and special financing. Here are just a few of the area's incentive offerings.
Incentive Type: Rebate Program
Website: energytrust.orgIncentive Amount:
Varies (see below)
Incentive Type: Rebate Program
Website: oregon.govIncentive Amount:
Varies, see below
Incentive Type: Property Tax Incentive
Website: oregon.govIncentive Amount:
100%
Incentive Type: Rebate Program
Website: crpud.netIncentive Amount:
Solar PV: $1,000
Incentive Type: Rebate Program
Website: portlandgeneral.comIncentive Amount:
Heat Pump Instant Discount: $200
Efficient Heat Pumps: $700
Heat Pump Controls: $250
Ductless Heat Pump: $800
Smart Thermostat: $50-$100
Heat Pump Water Heaters: $500 (special pricing available at certain retailers as well)
Incentive Type: Loan Program
Website: oregon.govIncentive Amount:
None
Incentive Type: Rebate Program
Website: insider.energytrust.orgIncentive Amount:
Varies based on performance above code and the particular energy efficient measures installed; can range from $600 to $4,680
Solar ready incentive: up to $200
Incentive Type: Grant Program
Website: energytrust.orgIncentive Amount:
Varies
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Aloha
The price and efficacy of solar panels often depend on the provider that installed them. Consider each of these aspects in your service provider search.
Licensing and Training
Solar companies in Oregon must be licensed and bonded according to the terms of the Oregon Construction Contractors Board. For PV installations, each standard journeyman on the job will have at least 8,000 hours of hands-on experience and must keep up with continuing education requirements. Installers of solar thermal systems must be either a plumbing journeyman and a licensed solar heating installer. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Aloha
Your photovoltaic panels' style will affect how much power you can generate. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
If you want to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for add-ons. By choosing the right components, you can make your panel array more productive and user-friendly. Not every solar contractor offers these extras, so look for a provider that installs them if it's a priority for you.
Most Aloha homeowners opt for solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $17,500 to set up, considering both materials and labor. You can see more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,253 |
Solar Polycrystalline | $978 |
Thin-Film | $571 |
Solar Battery | $802 |
Solar Home EV Charger | $3,008 |
Financing Solar Energy in Aloha
There are numerous ways to pay for new solar panels, and the right one will lower your costs. A few of the most common options include power purchase agreements (PPAs), loans, cash payments, and leases. Though it involves a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay only for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for companies that offer multiple payment plans to find the right fit for your wallet.
The table below lists the average payback periods for different capacities of solar systems in Aloha.
A 26% federal solar tax credit applies to new home solar systems purchased through 2032. Additional incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.8 years |
2 kW | 3.6 years |
5 kW | 8.9 years |
10 kW | 17.9 years |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Aloha
How much energy and money could I save per year by switching to solar?
How common is solar energy in Aloha?
Will solar panels raise my Aloha home value?
What can I do to assess my home's solar viability?
What's the average solar system size in Aloha?
What is the average payback period for Aloha solar panels?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Dodging questions about cost, warranties, references and training and credentials
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- More mixed or negative reviews than positive ones
How are traditional solar loans and PPAs different?
In contrast, solar loans can come from installer, local banks, specialty lenders and the government. You'll need to pass a credit check to qualify for most of them. While the upfront costs are larger, and you'll be responsible for maintenance, you'll also have full ownership rights and can apply for many more financial rewards.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.