Benefits of Solar Energy
Solar energy provides multiple perks. Here are some highlights.
- Better energy independence: Adding a battery backup or storage system lets you have dependable energy during storms and grid outages.
- Lowered energy bills: You can dodge the premium cost of grid-tied power by producing some electricity right where you use it. Plus, many states offer net metering which can allow you to sell your unused energy back to help pay for your energy bill.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
What Solar Incentives Are Available to Beaverton Homeowners?
Oregon agencies and electric companies offer a variety of solar incentives to help offset your solar system costs. Below is a breakdown of eligible solar programs where you live.
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 Beaverton
The more comprehensive your company research is, the better your solar system will ultimately work. Consider all of these factors in your company search.
Licensing and Training
Solar contractors in Oregon must be licensed and bonded by 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 licensed solar heating installer and a plumbing journeyman. Solar companies can also obtain certificates from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Beaverton
The type of solar panels you purchase decides how much electricity you can produce. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
If you want to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By choosing the right components, you can make your system more efficient and convenient to use. Not every solar contractor offers these add-ons, so look for a contractor that installs them if it's crucial for you.
You can expect to pay about $17,500 on average for a five-kilowatt solar energy system in Beaverton. Use the table in this section to get an idea of what amount Beaverton solar companies might quote for your specific solar system's price.
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 Beaverton
Solar companies offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, cash payments, solar loans and power purchase agreements (PPAs). Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, akin to an electric bill. We generally don’t recommend these two choices because you won't own the solar system and cannot use solar incentives. Look for companies that offer several 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 Beaverton.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.
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 |
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Frequently Asked Questions About Solar in Beaverton
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Beaverton?
Should I anticipate a property value increase after switching to solar energy?
Could I still use solar power if I live in a dark, rainy, or wooded area?
How can I evaluate my property's solar viability?
How long does it take to pay back a solar loan in Beaverton?
How does "net metering" work, and do I need to participate?
Some states or energy providers require you to join net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll get a bill credit or check for your excess generation at a retail or wholesale rate.
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Being evasive about references, cost, training and credentials and warranties
- Inflexible options
- Superficial, rushed site evaluation
- More mixed or negative reviews than positive ones
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.