Benefits of Solar Energy
Solar energy offers numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power reduces your dependence on conventional, less environmentally-friendly sources.
- Better energy independence: Adding a battery backup lets you have trustworthy energy during grid outages and storms.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, minimizing your regular electricity costs. Going off-grid can eliminate your bills completely.
What Solar Incentives Are Available to Oregon City Homeowners?
Oregon homeowners who decide on solar could qualify for special financing, reimbursements, tax credits and rebates. Here are just a few of the area's incentive programs.
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 Oregon City
Choosing a company is the first step toward a well-oiled and valuable solar system. Here are some key items to remember while shopping for a solar installer.
Licensing and Training
Solar companies 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 follow continuing education requirements. Installers of solar thermal systems must be either a licensed solar heating installer and a plumbing journeyman. Solar providers can also obtain certifications from standards organizations and trade groups. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Oregon City
The kind of solar panels you purchase dictates how much electricity you can generate. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add electric car (EV) chargers and battery backup systems. These will increase your total project price, but they can improve your solar system's performance. Not every solar contractor provides these optional components, so look for a contractor that installs them if it's crucial for you.
If you're a resident of Oregon City and want a five-kilowatt solar energy system, you could expect to pay about $17,500 for materials and labor. Find more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Oregon City
Choosing the right financing plan will affect your overall solar system cost and possible savings. Common payment options include power purchase agreements, cash payments, leases, and loans. We recommend making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, similar to 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. Ask each company you're evaluating about the payment plans it offers. A staff member can help you determine the most suitable option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Oregon City.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own incentives, financing programs, and rebates that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Oregon City
How much energy and money could I save per year by switching to solar?
How common is solar energy in Oregon City?
Should I anticipate a property value increase after going solar?
How can I evaluate my home's solar viability?
How long will an average solar system last?
How do I care for my new solar system?
Should I get quotes from multiple Oregon City solar companies?
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