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Oregon Incentives

Across North America, 123SolarPower has the single largest network of distributors, installation specialists, and experts to consult home and business owners about solar power solutions. We have hundreds of providers in Canada and the United States, including Oregon. Our team is dedicated to providing our customers with the best solar panels Oregon can get. Oregon solar panels and solar devices are extremely efficient because of the abundance of sunlight in Oregon. Whether you need solar panels Portland, or solar panels Eugene Oregon, 123SolarPower is standing by to help you.

Oregon Solar Power

Oregon is the 13th highest-ranked state when it comes to new solar power per capita, earning itself a pretty respectable place as a leader in the adoption of innovative solar solutions to protect the state’s environment.

Oregon also hosted the Oregon Solar Energy Conference in late 2014, which was the region’s largest professionally-based conference that centered around training and smart networking for all kinds of solar power professionals, including evaluators, sales professionals, electricians, engineers, architects, and project managers overseeing major installations of solar panels in Oregon. The conference was education-focused, providing academic-level classes for everyone in attendance.

Events like this and partnerships like the one formed between SEIA (The Solar Industries Association) and OSEIA (Oregon Solar Industries Association) to promote the growth of the state’s solar energy market are helping Oregon quickly advance in providing environmentally friendly electricity to all of its businesses and residents. In fact, more than 5,000 homes had solar panels installed in 2010, and that number has only continued to grow. 123SolarPower wants to make sure you are not late to get in on this free source of energy. If you are looking for solar panels for sale Oregon, look for 123SolarPower.

Oregon State Tax Incentives

Oregon state residents who install a solar panel system on their homes can get in on a four-year long tax deduction when they file their state taxes as long as they include the RETC (Residential Energy Tax Credit) application with their filing.

The tax credit can amount to up to 50% of the installation cost, and is based on the installed capacity, with a minimum of 200 watts. The tax credit gives $1.90 per watt of capacity, and maxes out at $6,000 over the period of four years. So each year, if the system meets the qualifications, you can deduct up to $1,500.

There are also specialized tax deductions for solar water heaters, solar pool heaters, and solar heating. These are based on kWh saved, and credit either $0.60 or $0.15 for each kWh, up to $1,500. Not every state provides solar incentives that pay this well. Now is the best time financially to buy solar panels Oregon.

Federal Tax Incentives

Along with tax benefits from the state, residents of Oregon can take advantage of national-level tax breaks to save money on their installation costs.

According to the 2005 Energy Policy Act, residents can deduct up to 30% of the costs associated with their installations from their taxes after filling out and filing IRS form 5695 alongside their 1040. If the deduction amount is higher than the amount you owe the federal government that year, the credit rolls over to the next year, so you don’t miss out on any savings.

Help For All Oregon Residents

123SolarPower’s providers in Oregon carry the most advanced solar power solutions to help you significantly reduce your carbon footprint and the amount of money you spend on electricity every month. Ask our Solar panels Portland Oregon providers about linking your panels to your smart phone! Our local experts can come assess your home and present you with the best options to fit your needs and your lifestyle for free. They provide detailed estimate costs, projected year-to-year savings, and property value increase estimates. For free! We want to help you start saving and go solar. It’s as easy as filling out our form to give us an idea about your needs or call us at 800-294-2397.

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Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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