Oregon Solar Power at a Glance

8

Electricity costs

10.0/10

Renewable Portfolio Standards

10.0/10

Solar Carve Out

10.0/10

Net Metering

10.0/10

Interconnection

10.0/10

Performance Payments

10.0/10

Incentives/Rebates

0.0/10

State Tax Credits

10.0/10

Property Tax Exemption

10.0/10

Sales Tax Exemption

0.0/10

Pros

  • Lower range of electric prices
  • Renewable Portfolio Standard Policy
  • Solar Carve Out Program
  • Net Metering Program
  • Intercconnection Policy
  • Performance Payments Program
  • State Tax Credits
  • Property Tax Exemption

Cons

  • No Sales Tax Exemptio
  • No Incentives/Rebates

Solar Power In Oregon

Oregon Solar Power

Introduction

This  is another one of the States that is really embracing solar energy. With a magnificent landscape and plenty of evergreens, it is understandable why this State would want to take big measures to protect its environment. The residents here take great pride in their territory and are open to anything that will help to preserve it for generations to come.Currently Oregon is paying 0.11/kwh for their electricity costs, which places them 37th in the nation for high costs in this area.

Average Costs of Going Solar

The first area of concern that most people have when thinking about going Solar is the up front cost. For those using solar energy here they can expect this to be about $18,750 but then there is the opportunity to deduct $10,079 in incentives and rebates to bring the cost for the first year down to $8,672.

Savings for Solar Power Oregon

Those that make the wise move to solar energy  will be able to keep an extra $54. In their pockets on a monthly basis.

Payback Periods for Oregon Solar Systems

The payback period for this state on a 5-kW system amounts to a mere 7 years.

Return On Investment On Solar Electric System

For a return on investment residents  will enjoy the 15.2%.

Oregon Solar Power

Current Oregon Legislative Environment For Solar

Oregon’s Renewable Portfolio Standard is quite impressive with it being at 25% by the year 2025. This means that utility companies in this State will have to be providing 255 of its energy from renewable sources.

Unfortunately, the state falls short in its offerings of Solar Carve Out. This is only available for the Oregon Solar Farms.

It does make up for some of the short comings by offering an excellent interconnection policy. What this refers to is the ease in which solar power users can plug into the grid. When doing this they are able to send power to the utility companies.

The state also offers solar performance payments. You can see what your energy provider has to offer as they may differ.

Incentives Available For Oregon Solar

While incentives are getting hard to come by in the various states this state goes to the top of the list for its rebate offering. The various utility companies offer different types of rebates and any Oregon resident taking steps to go solar should check out the latest offering for rebates that their utility company is offering. With these types of incentives becoming scarce one should not assume that they will be around much longer. The maximum amount of rebate that can be realized is $9,500.

Oregon Net Metering

The state is also offers a net metering program., and it is an excellent one that provides 100% net metering. The one negative aspect is there is no carry forward from month to month.

Oregon Solar Energy

Rebates / Tax Credits

The State solar tax credit is quite enticing. Oregon offers a maximum $6,000 in total. This comes in yearly increments that gets credited to your tax return.

Residents are also entitled to the federal state tax credit.

There is a 100% property tax exemption in place so you don’t need to worry about an increase here just because you have upgraded your home with solar power.

Unfortunately, you will still have to pay the sales tax as there is no exemption for this.

Summary:

The State of Oregon has made some wise moves when it comes to supporting solar energy. Hopefully in the future as a result of all these efforts by both state officials and residents alike, it will reduce or eliminate the need to have to fire up the thermal power plants during the summer months.