Benefits of Solar Energy
Solar energy provides numerous advantages that will enhance your home for years to come.
- Lowered energy bills: You can dodge the premium cost of grid-tied power by creating some electricity right where you use it. Plus, many states provide net metering which can allow you to sell your unused energy back to credit part of your bill.
- Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can lower or beat your home's dependence on "traditional" sources.
- Better energy independence: Adding a battery storage system lets you have trustworthy energy during grid outages and storms.
What Solar Incentives Are Available to Grants Pass Homeowners?
Oregon homeowners who decide on solar could qualify for rebates, tax credits, reimbursements and special financing. Here are just a few of the region'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: 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 Grants Pass
The more comprehensive your company research is, the better your solar panels will ultimately operate. Make your choice based on the following essential elements.
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 be subject to continuing education requirements. Installers of solar thermal systems must be either a plumbing journeyman and a licensed solar heating installer. You should also visit a company's website to learn about its private accreditations. 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 Grants Pass
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will add to your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies offer these optional components, so look for a provider that sells them if it's a priority for you.
Generally speaking, it costs about $17,500 for a five-kilowatt solar array in Grants Pass. This table shows more specific pricing information for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,175 |
Solar Polycrystalline | $916 |
Thin-Film | $536 |
Solar Battery | $752 |
Solar Home EV Charger | $2,819 |
Financing Solar Energy in Grants Pass
There are many ways to pay for a solar energy system, and the right one will lower your costs. A few of the most common options include leases, cash payments, power purchase agreements (PPAs), and loans. Though it requires 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 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 money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. We advise working with a contractor that offers multiple financing options. Talk to each consultant about what's available, and acquire more than one estimate for the best odds of staying within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Grants Pass.
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 Grants Pass
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Grants Pass?
Should I anticipate a boost in my property value after adopting solar power?
How long will a standard solar system last?
How long does the solar installation process require?
How long does it take to pay back a solar loan in Grants Pass?
How does "net metering" work, and do I need to participate?
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