Benefits of Solar Energy
Solar energy comes with multiple benefits. Let's look at a few of them.
- Lowered energy bills: You can skip the added cost of grid-tied power by generating some electricity at home.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Adding a battery storage system lets you have dependable energy during grid outages and storms.
What Solar Incentives Are Available to Gresham Homeowners?
Governments and utility companies often reward homeowners for going solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Rebate ProgramWebsite: portlandgeneral.com
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: Rebate ProgramWebsite: insider.energytrust.org
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: Personal Tax CreditWebsite: ecowatch.com
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 Gresham
Choosing a company is the first step toward an effective and cost-efficient solar array. Consider each of these criteria in your business search.
Licensing and Training
Solar installers in Oregon must be licensed and bonded according to the terms of the Oregon Construction Contractors Board. For photovoltaic 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. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Gresham
The type of solar panels you choose determines how much power you can produce. Monocrystalline panels 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 recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can boost your solar system's performance. Not every solar contractor provides these optional components, so look for a provider that sells them if it's a priority for you.
Most Gresham homeowners choose solar systems designed for five kilowatts (kW) of electrical capacity. These systems run about $17,500 to install, considering both parts and installation. You can see more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Gresham
Solar installers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar leases and solar loans. Though it involves 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 runner-up option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put 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, similar to an electric bill. We usually don’t recommend these two choices because you won't own the system and are disqualified from using 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 Gresham.
You can claim a 26% federal 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
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Gresham
How much money could I save by going solar in Gresham?
Is solar energy common in Gresham?
Should I anticipate a property value increase after adopting solar power?
How can I check my site's solar feasibility?
How many years does an average solar system last?
How do I care for my new solar system?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to opt out of the contract for a fee.
How many estimates should I get before making a final solar company decision?
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