Benefits of Solar Energy
Solar energy comes with multiple advantages. Here are some highlights.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can lower or beat your home's dependence on non-renewable sources.
- Better energy independence: Solar energy can keep your home powered through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
- Lowered energy bills: You can skip the expensive cost of grid-tied power by producing some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back for credits on your bill.
What Solar Incentives Are Available to Oregon City Homeowners?
Governments and utilities often reward homeowners for switching to solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
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 Oregon City
Choosing a company is the first step toward a well-oiled and cost-efficient solar system. Consider each of these aspects in your business search.
Licensing and Training
Solar installers in Oregon must be licensed and bonded by 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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Oregon City
The kind of solar panels you select dictates how much energy you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. 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 electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can maximize your solar system's performance. Not all solar providers offer these optional components, so look for a company that installs them if it's crucial for you.
If you're a resident of Oregon City and are looking into a five-kilowatt solar energy system, you could plan to spend about $17,500 for parts and installation. See more information on specific component and solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,243 |
Solar Polycrystalline | $969 |
Thin-Film | $567 |
Solar Battery | $795 |
Solar Home EV Charger | $2,983 |
Financing Solar Energy in Oregon City
Solar providers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), solar loans and cash payments. Most solar experts recommend a cash payment or using a solar loan. Cash payments require 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. Much like a home or car 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) enables you to pay a monthly rate based only on the energy you use, like an electric bill. We generally don’t recommend these two options because you won't own the system and cannot use solar incentives. Look for installers that offer two or more 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 Oregon City.
A 26% federal solar tax credit applies to recently-purchased solar equipment purchased through 2032. Further incentives may be available through local governments, usually in the form of rebates and special financing programs.
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 Oregon City
How much money could I save by going solar in Oregon City?
How popular is solar energy in Oregon City?
Should I anticipate a boost in my property value after adopting solar power?
How can I evaluate my property's solar potential?
What is a Oregon City solar panel's average lifespan?
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.
Should I get quotes from multiple Oregon City solar companies?
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