Oregon Solar Incentives
Here is the most simple breakdown of solar incentives in Oregon. Feel free to skip the reading and ask us a question and we’ll reply back asap (usually 5-10 minutes).
Energy Trust of Oregon Solar Incentives
Energy Trust of Oregon is the program administrator for solar incentives within Portland General Electric and Pacific Power service territories. Anyone that is NOT served by these two electric utilities is NOT eligible for Energy of Trust solar incentives.
Portland General Electric solar incentives is a flat cash rebate paid to the solar installer, not the homeowner (business owners get to choose whether it goes to them or not).
Just like PGE, the Pacific Power solar incentive is a flat cash rebate paid to the solar installer, not the homeowner. (businesses get to choose whether or not it goes to them or the installer).
Solar Within Reach Program
The Solar Within Reach program provides a cash rebate to help low-income households be able to afford installing solar in Oregon which helps them have more money to spend each month by lowering their electric bills.
In order to qualify, your household must not exceed the program limits, which are:
|Household size||Gross annual income maximum|
Potential Incentive Amount
How much you will receive is then based on the size of the solar power system you decide to install. The maximum of $1.40 per watt and an incentive cap of $8,400 per home.
|Portland General Electric||$1.40/watt||$8,400 maximum incentive per home|
|Pacific Power||$0.70/watt||$4,200 maximum incentive per home|
ODOE Solar And Battery Incentive
The Oregon Department of Energy solar incentive is a cash rebate that varies depending on if you just installed solar panels or installed solar panels plus a battery backup system. See below:
Solar Investment Tax Credit (ITC)
You may claim 26% of the total cost of installing solar panels as tax credits from the IRS. You must have a federal liability, but you are not required to claim all the credits in year 1. You have 5 tax years to claim all your credits earned.
USDA REAP Grant
The United States Department of Agriculture offers the Rural Energy for American Power (REAP) Grant provides generous grants as well as guaranteed loan funding to agricultural producers that are eligible. Requirements include:
A minimum loan is $5,000 and the maximum loan amount is $25,000,000. Capital loans have a 7-year maximum term, equipment and machinery loans have a 15-year maximum term, and real estate and combined real estate and equipment loans have a maximum term of 30 years.
Not exceeding 25 percent of the total project cost the maximum REAP grant is $250,000 and the lowest is $5,000. All solar installation projects costing $200,001+ will require solar feasibility before work can continue (Get study).
Oregon Net Energy Metering
Simply put, when you generate more power than you consume your excess energy is sent to the utility grid. When this occurs, you are credited with 1 energy credit worth the same value as the market price of grid energy. Watch the video below for a more throughout and visual explanation of net energy metering in Oregon: