Benefits of Solar Energy
Solar energy has several advantages that will enhance your home for years to come.
- Better energy independence: Adding a solar battery lets you have dependable energy during storms and grid outages.
- Lower utility costs: Sourcing some or all of your own energy will spend less on electricity long-term.
- Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can reduce or eliminate your home's dependence on "traditional" sources.
What Solar Incentives Are Available to Renton Homeowners?
Governments and utilities often incentivize homeowners for adopting solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Feed-in TariffWebsite: energy.wsu.edu
FY 2021: $0.02/kWh - $0.10/kWh
Incentive Type: Sales Tax IncentiveWebsite: dor.wa.gov
100% exemption for sales of forest derived biomass used as fuel;
100% exemption for solar photovoltaic systems 10 kilowatts or less, and solar thermal systems;
75% exemption for other qualified systems
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 Renton
The price and efficiency of solar panels often hinge on the provider that mounted them. Make your choice based on the following vital factors.
Licensing and Training
Solar contractors in Washington are required to hold an electrical contractors' license from the Department of Labor and Industries. In some situations, the department may also conduct permit inspections to verify compliance and the integrity and viability of a contractor's job. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most credible trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Renton
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. 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.
If you need to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for add-ons. By choosing the right components, you can make your system more efficient and convenient to use. Not every solar company includes these additional features, so look for a company that installs them if it's important for you.
You can expect to pay about $17,950 on average for a five-kilowatt solar energy system in Renton. Check the table in this section to get an idea of the amount Renton solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Renton
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar leases and solar loans. Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to a home or auto loan, you'll pay a set monthly rate with as little as $0 down. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay only for the energy you use, much like 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. Look for companies that offer two or more payment plans to find the right fit for your financial needs.
The table below lists the average payback periods for different capacities of solar systems in Renton.
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. City and state governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Renton
How much money could I save by going solar in Renton?
Is solar energy easily accessible in Renton?
Should I anticipate a boost in my property value after going solar?
How can I assess my site's solar suitability?
Is installing solar panels a quick job?
How long does it take to pay back a solar loan in Renton?
What are the signs I shouldn't use a particular solar company for my job?
- Pressuring you into signing a contract
- Dodging questions about references, warranties, training and credentials and cost
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- No references or testimonials
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