Benefits of Solar Energy
Solar energy offers multiple perks. Let's look at a few of them.
- Better energy independence: Solar energy can keep your home powered through emergencies and blackouts. You can use your solar energy anytime with optional battery backup.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, reducing your monthly electricity costs. You can eliminate your bills completely if you go off-grid. Plus, a significant number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Spokane Valley Homeowners?
Washington homeowners who decide on solar could qualify for tax credits, special financing, reimbursements and rebates. Here are just a few of the area's incentive programs.
Incentive Type: Feed-in Tariff
Website: energy.wsu.eduIncentive Amount:
FY 2021: $0.02/kWh - $0.10/kWh
Incentive Type: Sales Tax Incentive
Website: dor.wa.govIncentive Amount:
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: Green Building Incentive
Website: commerce.wa.govIncentive Type: Rebate Program
Website: inlandpower.comIncentive Amount:
Heat Pump Water Heaters: $300 - $500
Refrigerators/Freezers: $25
Clothes Washers: $25
Clothes Dryers: $25
Manufactured Homes: $1,000
Basic Ducted Heat Pump: $300
High Efficiency or Variable Speed Ducted Heat Pump: $500 for new construction/replacement/upgrade, $1,000 for adding to electric forced air furnace
Ductless Heat Pump: $800-$1,000
Geothermal Heat Pump: $2,500
Insulation: $0.40 per square foot
Window Replacement: $3 per square foot
Smart Thermostat: $100
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 Spokane Valley
The cost and performance of solar panels often hinge on the provider that installed them. Consider each of these criteria in your service provider search.
Licensing and Training
Solar energy 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 test compliance and the viability and integrity of a contractor's job. You should also visit a company's website to learn about its private accreditations. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Spokane Valley
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. 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 installation cost, but they can increase your solar system's efficiency. Not every solar contractor provides these optional components, so look for a provider that sells them if it's important for you.
If you're a resident of Spokane Valley and are looking into a five-kilowatt solar energy system, you could plan to spend about $17,950 for materials and labor. Find more information on specific component and solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,146 |
Solar Polycrystalline | $894 |
Thin-Film | $522 |
Solar Battery | $733 |
Solar Home EV Charger | $2,750 |
Financing Solar Energy in Spokane Valley
There are many ways to pay for a new solar system, and the right one will minimize your overhead. A few of the most common options include leases, loans, cash payments, and power purchase agreements (PPAs). We recommend making a cash payment or securing 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 have full ownership of your system and can apply for solar panel incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We generally don’t recommend these two choices because you won't own the solar system and cannot use solar incentives. We recommend working with a company that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of staying within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Spokane Valley.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own rebates and financing plans that could reduce your total cost even more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.5 years |
2 kW | 5.0 years |
5 kW | 12.4 years |
10 kW | 24.9 years |
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Frequently Asked Questions About Solar in Spokane Valley
How much money could I save by going solar in Spokane Valley?
Is solar energy readily available in Spokane Valley?
Should I expect a property value increase after adopting solar power?
Could I still use solar power if I live in a dark, rainy, or wooded area?
How can I check my property's solar potential?
Is solar panel installation a quick job?
What are the signs I shouldn't use a particular solar company for my job?
- Pressuring you into signing a contract
- Dodging questions about training and credentials, references, cost and warranties
- "One-size-fits-all" approach
- Rushing through the site assessment
- Limited customer feedback
Should I get quotes from multiple Spokane Valley solar companies?
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