Home owner’s Guide to Oregon Solar Incentives

Did you know that there are around 18,000 homes in the state of Oregon that are enjoying the Oregon solar incentives for getting solar panels in Oregon? Working with the best solar company in Oregon is a great way to get your home set up with a solar panel design to take care of all of your household’s energy needs.

The upfront costs of getting solar panels in Oregon are no doubt intimidating, but there are a number of options to consider when you look into getting the Oregon solar tax credit. These incentives not only come from the local and state government but from the federal government of the United States as well.

The good news is that you’re in the perfect spot to learn all about the Oregon tax credit for solar panels as well as the benefits of getting solar panels for your home. Keep reading this article to learn more today!

Oregon Solar Incentives

Oregon is a state that is pledging itself to become more sustainable and green. They’ve taken it upon themselves to create incentives that encourage homeowners in the state to get solar panels for their energy needs. It is no surprise that solar energy technology is still a bit expensive.

The Oregon government doesn’t want the costs to make it prohibitive for Oregon residents to get solar panels. Enter the Oregon solar tax credit. You’ll need to start off by finding out which power company you get your electricity from.

The two main power companies in Oregon are Pacific Power and Portland General Electric. Thanks to the Energy Trust of Orgeon, money from the power companies go back into projects that are about renewable energy and boosting energy efficiency.

If you get your power from one of these two power companies then you’re eligible to get cash incentives for getting solar power at your home. These cash incentives often get paid directly to the best solar company in Oregon and they decrease the amount of money that you pay when getting your solar energy system installed.

You need to take care of the application prior to construction or installation. There are also certain criteria that you need to meet in order to qualify. You need to make sure that you have a solar resource that is 75 percent or higher.

Your roof also needs to have 10 years of roof life prior to installing your solar panels. The technician that installs the solar panels also needs to have certification from the Trade Ally of Energy Trust of Oregon in order to get this Oregon solar tax credit.

Federal Tax Incentive

There are also some amazing federal tax incentives that you need to consider when looking at installing solar as an Oregon resident. The tax credit offered by the federal government allows you to get 22 percent of your money back on the purchase and installation of a solar energy system for your home.

These incentives can start during the year that you install your home’s solar panels. They also could carry over into the following year depending on your tax liability. Make sure that you get your solar installation verified before applying for the federal solar tax incentive.

Another great thing that comes with this solar panel tax credit in Oregon is that your solar energy system doesn’t need to get connected to the grid in order to qualify. Solar energy systems that are off-grid are just as eligible for the tax credit as those solar panels in Oregon that are connected to the electrical grid.

Benefits of Getting Solar Energy in Oregon

There are a number of benefits that come with getting solar energy for your home in the state of Oregon. The tax credits are great, but they are the tip of the iceberg when it comes to the amazing reasons to get solar panels in Oregon. Here is a closer look at some other reasons why you should consider reaching out to the best solar company in your area.

1. Solar Energy Lowers Your Electric Bill

One of the most obvious reasons why you should consider getting solar panels installed as an Oregon resident is the chance to lower your energy expenses. If you have an electric bill that costs around $150 each month then you will save more than $30,000 over the next couple of decades.

Even without the Oregon solar incentives, your solar energy system will end up paying for itself. Make sure that you get solar panels with a low degradation rate in order to continue getting plenty of free energy from the sun for years to come.

2. Make Passive Income

It is always a smart move before getting solar panels for your home to look into how much power your household uses. You can take your monthly electric usage rate and design a solar energy system that covers all of your electrical needs. It is also up to you to decide if you want a system that captures more energy than you’ll need.

Net metering is a way for you to make some passive income off of your solar energy system. If you’re hooked up to the grid and you’re producing surplus energy you can sell it to your electric company and get an energy credit in return. It is also a good idea to try to earn money by referring friends and family members to the best solar company in Oregon.

3. Oregon Solar Tax Credit

As mentioned earlier in this article, there are some amazing tax credits and incentives out there that allow you to get your solar panels at a massive discount. The national tax credit is able to wipe out 22 percent of what you owe for the permits, equipment, and labor of getting a solar installation.

That isn’t even accounting for the local and state tax credits that you can use to make your solar energy system more affordable. Added together, you could get a powerful renewable energy system for up to 50 percent off. Add to that the amount of money that you save by eliminating your energy bill and you’ll be happy with our solar panels.

4. Protection Against Energy Costs

Most electricity is produced using power plants that burn fossil fuels or require water in order to generate electricity. Each of these options causes harm to the environment and each uses finite resources to provide the power that you need. Some plants burn fossil fuels that not only are finite but also cause damage to the environment.

Hydropower plants and nuclear power plants both require vast amounts of water and dams in order to generate electricity. It is a matter of time before those methods become more difficult and expensive for those that are reliant on the power grid.

5. Energy Independence

It isn’t a great feeling knowing that you’re completely reliant on someone for your home’s power needs. That is your situation when you’re getting your power from the electric company. You’re a hostage to their power pricing, and you’re reliant on them to fix any issues that go wrong with the grid.

Choosing to take advantage of the Oregon solar incentives will help you gain independence from the power companies. You will also have power should the grid go down due to severe weather or other issues. It is a huge bonus of using the Oregon solar tax credit to get solar power for your home.

6. Boosts Home Value

Boosting your home value isn’t everything, but it is still important as a homeowner. It is true that homes with solar panels installed get a much higher return and sell much faster than homes that don’t have solar energy systems. The more solar panels you add, the more your home’s value increases.

7. Helps the Environment

Making the decision to get solar panels in Oregon is a great choice because it also helps nature and the environment. You’ll do a lot to reduce your household’s carbon footprint on the Earth. Fewer greenhouse gases get released into the atmosphere thanks to your home’s solar panels.

Solar energy is not only sustainable and renewable, but it doesn’t release anything harmful into the water or the air. You can get all of the power that you need without harming anything or anyone else. The more that people choose to get solar energy, the more that air quality improves, which is great for your health as well as Mother Nature.

Take Advantage of the Oregon Solar Incentives Today

There are tons of great Oregon solar incentives available to homeowners in 2022, and it is time to get on board the solar energy train and take advantage of the solar panel tax credit in Oregon. Make sure you do your research and find the best solar company in Oregon to work with.

You also need to look at combining the federal solar tax credit and the tax credits available from the local and state government. Combined, you could get your solar panels in Oregon for 50 percent off.

For more helpful and eye-opening articles, make sure you check out the rest of our blog.