Oregon Solar Incentives & Cash Rebates

Current Oregon solar incentives, allow homeowners to lower the upfront cost associated with a brand new solar energy system. By combining free, renewable energy with lucrative state and federal tax credits you can see why thousands of Oregonians from across the state are choosing solar to realize short and long-term competitive benefits.

 

 

Energy Trust of Oregon Cash Rebate

If you are a Portland General Electric (PGE) or Pacific Power customer, you will receive a cash rebate from the Energy Trust of Oregon. This rebate goes to the solar installer and drops your cost of going solar. How much you will receive can vary a bit depending on your home or business. Current incentive levels are below.

Residential - PGE

$450 per Kilowatt
up to $3,600

Residential - pacificpower

$450 per Kilowatt
Up to $3,600

For Commercial Incentives, Click Here

Qualifications

  1. The solar installer must be a certified Solar Trade Ally by the Energy Trust of Oregon.

  2. All solar equipment must be new and UL listed.

  3. Verification from Energy Trust tax inspectors.

Example Using The Federal Solar Tax Credit

If you purchase a 5 kilowatt system, you will receive $2,250 reducing your final cost of going solar.

 

Federal Investment Solar Tax Credit

The Federal Solar Tax Credit will directly credit your federal business taxes, wiping out any tax liability that you have on a dollar-to-dollar basis. This incentive is a credit to your tax return worth 30% of the total cost of your solar electric system. The credits can be used within 5 years from the date of installation.

Example Using The Federal Solar Tax Credit

If you pay $10,000 to install a brand new solar electric system, you will receive $3,000 worth of federal tax credits.

 

Solar Net Energy Metering

Net Energy Metering is how your utility compensates homeowners with solar panels for providing clean, renewable energy to your neighbors. Your utility must keep a “running tab” on how much solar energy you generate and then subtracts what you gained from your bills reducing your monthly electric bills. Any extra energy credits that you save up must be carried forward to the next month’s bill for a full year.

 
 

Each credit is worth equal the market rate which is the price you pay for electricity.This means that you can bank up energy credits for solar power that you create in the summer, then use it in the winter when the sun isn’t shining so much.

Example of Net Energy Metering

You generate 1,000 kilowatt-hours of solar power. You consume 650 kilowatt-hours of utilit energy. Therefore, you net 350 energy credits.