Benefits of Solar Energy
Solar energy provides numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Solar panels can keep your home powered through blackouts and emergencies. You can use your solar energy anytime with optional battery storage.
- Reduced energy costs: Generating some or all of your own energy will cut power costs long-term.
What Solar Incentives Are Available to Salem Homeowners?
Governments and power companies often incentivize homeowners for adopting solar. Here are some of the tax credits, rebates, 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 Salem
Choosing a company is the first step toward an effective and cost-efficient solar energy system. Here are some important factors to keep in mind while searching for a solar specialist.
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 be subject to continuing education requirements. Installers of solar thermal systems must be either a plumbing journeyman and a licensed solar heating installer. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar sector's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Salem
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels provide a lower price point but produce less power. 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.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can improve your solar system's efficiency. Not every solar provider provides these additional features, so look for a provider that installs them if it's crucial for you.
Generally speaking, it will cost about $17,500 for a five-kilowatt solar array in Salem. This table lists more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Salem
There are many ways to pay for a new solar system, and the right one will lower your costs. A few of the most common options include leases, cash payments, loans, and power purchase agreements (PPAs). Though it requires a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a car or home loan, 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 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 will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in particular circumstances. Look for contractors 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 Salem.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities 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 Salem
How much money could I save by going solar in Salem?
Is solar energy easily accessible in Salem?
Will solar panels increase my Salem home worth?
Could I still use solar power if I live in a rainy, dark, or wooded area?
What is a Salem solar panel's average lifespan?
How do I care for my new solar system?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Not being straightforward about warranties, references, cost and training and credentials
- Inflexible options
- Rushing through the site assessment
- No references or testimonials
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