Benefits of Solar Energy
Solar energy has numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: Utilizing solar is a surefire way to decrease your carbon footprint and home fossil fuel dependency.
- Lowered energy bills: You can skip the added cost of grid-tied power by creating some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back to help pay for your energy bill.
- Better energy independence: Photovoltaic solar panel systems with battery backups and storage systems operate through blackouts and emergencies, and you won't have to rely on the grid for your safety and well-being.
What Solar Incentives Are Available to Yakima Homeowners?
Governments and power companies often reward homeowners for embracing solar. Here are some of the rebates, tax credits or other programs you could qualify for.
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: 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 Yakima
Choosing a company is the first step toward an effective and cost-efficient solar system. Make your choice based on the following essential elements.
Licensing and Training
Solar installers in Washington need to hold an electrical contractors' license from the Department of Labor and Industries. In certain situations, the department may also conduct permit inspections to confirm compliance and the viability and integrity of a contractor's job. Solar companies can also obtain accreditations from standards organizations and trade groups. The most respected ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Yakima
The style of solar panels you purchase decides how much power you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
If you need to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By selecting the right components, you can make your system more effective and user-friendly. Not every solar company includes these optional components, so look for a company that sells them if it's crucial for you.
Generally speaking, it will cost about $17,950 for a five-kilowatt solar array in Yakima. This table displays more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,201 |
Solar Polycrystalline | $937 |
Thin-Film | $548 |
Solar Battery | $769 |
Solar Home EV Charger | $2,883 |
Financing Solar Energy in Yakima
There are various ways to pay for new solar panels, and the right one will help you decrease overhead. A few of the most common options include loans, power purchase agreements (PPAs), cash payments, and leases. We recommend paying with cash or using 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 own your system and can apply for solar panel incentives to cut 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 monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in particular circumstances. We suggest working with a provider that offers multiple financing options. Speak with each salesperson about what's available, and secure more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Yakima.
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 financing programs, incentives, and rebates 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 Yakima
How much energy and money could I save per year by switching to solar?
How prevalent is solar energy in Yakima?
Will a solar PV system raise my Yakima home worth?
How long will an average solar system last?
What care do my solar panels need, and how frequently do they need it?
How long does it take to pay back a solar loan in Yakima?
How can I enhance my solar array'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
What are the signs I shouldn't use a particular solar company for my job?
- Aggressive sales pitch
- Being evasive about warranties, references, credentials and training and cost
- Limited or no customization
- Not thoroughly inspecting your site
- No business filing with your local secretary of state
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