Benefits of Solar Energy
Solar energy provides multiple benefits. Let's look at a few of them.
- Better energy independence: Adding a solar battery storage system lets you have dependable energy during grid outages and storms.
- Lowered energy bills: With solar energy systems, you produce power without paying the tacked-on costs of grid-connected power. Going off-grid can eliminate your bills completely. Plus, a significant number of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
- Reduced carbon footprint: Using solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Spokane Homeowners?
The state of Washington offers a variety of solar incentives to help lower your solar system costs. Check out a breakdown of eligible solar programs where you live.
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
Choosing a company is the first step toward a well-oiled and valuable solar energy system. Consider each of these elements in your contractor search.
Licensing and Training
Solar energy companies in Washington must hold an electrical contractors' license from the Department of Labor and Industries. In certain 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 credentials. Two of the most recognized are the Solar Heating Installer and PV Installation Professional certificates, awarded 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
The type of solar panels you choose dictates how much electricity you can produce. Monocrystalline panels and high-quality and 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.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will add to your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar contractors provide these optional components, so look for a contractor that installs them if it's crucial for you.
A majority of Spokane homeowners select solar systems sized for five kilowatts (kW) of electrical capacity. These systems run about $17,950 to set up, considering both parts and installation. You can see more specific solar cost information 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
There are a plethora of ways to pay for a solar energy system, and the right one will help you decrease overhead. A few of the most common options include cash payments, loans, power purchase agreements (PPAs), and leases. Though it involves a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. 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 typically don’t recommend these two options because you won't own the system and are disqualified from using solar incentives. We suggest working with a company that offers multiple financing options. Ask each consultant about what's available, and obtain more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Spokane.
The IRS allows you to claim a 26% federal solar tax credit on total system costs, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own rebates, incentives, and financing programs that could save you more money.
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
How much energy and money could I save per year by switching to solar?
How widespread is solar energy in Spokane?
Should I expect a property value increase after switching to solar energy?
What if I live in a gloomy or rainy
How can I determine my site's solar potential?
How do I care for my new solar system?
How can I boost my solar system's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
How many estimates should I get before making a final solar company decision?
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