Benefits of Solar Energy
Solar energy comes with multiple perks. Here are some highlights.
- Lower utility costs: Producing some or all of your own electricity will save you money on your electric bills long-term. Plus, some states offer net metering programs that allow you to sell your extra energy back to the grid, generating extra credits toward your energy bill.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Photovoltaic solar panel systems with battery storage systems work through blackouts and emergencies, and you won't have to rely on your power company for your safety and well-being.
What Solar Incentives Are Available to Eugene Homeowners?
Oregon agencies and electric companies offer multiple solar incentives to help minimize your solar system costs. Below is a breakdown of applicable solar programs where you live.
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: Loan Program
Website: oregon.govIncentive Amount:
None
Incentive Type: Rebate Program
Website: laneelectric.comIncentive Amount:
Energy Star/NEEM Manufactured Home: $500
Heat Pumps (includes geothermal): $500 or a 0% loan up to $9,000
HVAC Repairs: 25% of cost, up to $1,000
Energy Star Heat Pump Water Heaters: $200 - $400
Solar water heater: $500
Solar PV: $0.5/watt, up to $1,000
Incentive Type: Rebate Program
Website: eweb.orgIncentive Amount:
Residential net-metered systems: $0.40/W-AC
Incentive Type: Loan Program
Website: laneelectric.comIncentive Amount:
Weatherization: up to $9,000
Heat Pump (must have a minimum HSPF of 9.0 and a SEER rating of 14.0): loan up to $9,000 OR $500 rebate
HVAC duct sealing and whole house air sealing(Vinyl window replacements, ceiling, floor, and wall insulation, HVAC duct sealing and repair, door and window caulking, weather-stripping, and general air sealing): up to $1,000
Incentive Type: Grant Program
Website: laneelectric.comIncentive Amount:
Energy Star/NEEM Manufactured Home: $500
Heat Pump: $500
Qualifying Ductless Heat Pump: up to $3800
Heat-Pump Water Heater: $200 - $400
Weatherization Cash Grant: 25% of total measure cost up to $1,000
Low Income Weatherization Cash Grant: up to $1500
Solar Photovoltaics Rebate: $0.50/Watt, up to $1,000
Incentive Type: Rebate Program
Website: cpi.coopIncentive Amount:
Windows: $2 - $4/sq. ft
Duct Sealing: $250
Insulation: 25% of cost up to $500
Heat Pumps: $500 (Upgrades); $2,000 (New)
Heat Pump Commissioning and Controls: $300
Ductless Heat Pumps: $500 - $1,000
Marathon Water Heater: $749 - $1,359
Heat Pump Water Heater: $300 - $600
Low Flow Shower Heads: Free
Clothes Washers: $30
Clothes Dryer: $50
Smart Power Strips: Free
LED Light bulbs: discounts vary
Smart Thermostat: $100
Energy Star New Home: $1,200
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 Eugene
Choosing a company is the first step toward an effective and cost-efficient solar system. Here are some key items to keep in mind while shopping for a solar provider.
Licensing and Training
Solar installers 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 licensed solar heating installer and a plumbing journeyman. You should also visit a company's website to learn about its private certifications. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Eugene
Your photovoltaic panels' model will affect how much electricity you can generate. Monocrystalline panels are among the highest quality and perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
If you'd like to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By selecting the right components, you can make your system more productive and user-friendly. Not all solar providers provide these additional features, so look for a company that sells them if it's a priority for you.
A majority of Eugene homeowners select solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $17,500 to set up, considering both parts and installation. You can see more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,183 |
Solar Polycrystalline | $923 |
Thin-Film | $540 |
Solar Battery | $757 |
Solar Home EV Charger | $2,840 |
Financing Solar Energy in Eugene
Solar contractors 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, power purchase agreements (PPAs), solar loans and cash payments. Though it requires a large up-front payment, cash is the most cost-effective choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best option. As with a car loan or mortgage, 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 allow you to rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a company that offers multiple financing options. Ask each agent about what's available, and secure more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Eugene.
The IRS allows you to claim a 26% federal solar tax credit on the full cost of the solar system, so long as you purchase it before 2032. Local governments and utilities might also offer their own rebates, incentives, and financing programs that could save you more money.
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 Eugene
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Eugene?
Should I expect a boost in my property value after going solar?
What if I live in a heavily-wooded or gloomy
How can I determine my property's solar viability?
What's the average solar system size in Eugene?
What is "net metering," and how does it work?
Some states or utilities oblige you to enroll in net metering when installing your solar system, while others give you a choice. Either way, once you sign up, you'll receive a bill credit or check for your excess generation at a wholesale or retail rate.
How many estimates should I get before making a final solar company decision?
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