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{"id":1153,"date":"2022-06-24T21:09:39","date_gmt":"2022-06-24T21:09:39","guid":{"rendered":"https:\/\/wgsi.org\/?p=1153"},"modified":"2022-06-24T21:09:39","modified_gmt":"2022-06-24T21:09:39","slug":"oregon","status":"publish","type":"post","link":"https:\/\/wgsi.org\/solar-installation\/oregon\/","title":{"rendered":"Cost of Solar Panels in Oregon"},"content":{"rendered":"\n
How Much do Solar Panels Cost in Oregon?<\/h2>\n\n\n\n
Solar panels in Oregon cost an average of around $2.50-$2.60 per watt. This is on the low end of average compared to the rest of the United States, which is a great sign up front. <\/p>\n\n\n\n
Most solar panels are sold in 250 watt sizes, meaning an average solar panel is going to cost something like $600-$650. You are likely going to require something between 20 and 28 solar panels to be completely energy self-sufficient from the grid, meaning your cost for solar panels is going to be somewhere between $12,000 and $18,000. And yes, this is a lot of money, but never fear- there are various incentives, rebates and tax credits available out there that can bring down your costs significantly, long before you even start generating electricity.\u00a0<\/p>\n\n\n\n
What are the benefits of going solar? <\/h2>\n\n\n\n
The state of Oregon is one of the most forward-thinking states in the Union when it comes to green or renewable energy sources such as solar panels. They offer a variety of benefits for people looking to go solar, and here are a few: <\/p>\n\n\n\n
Renewable Portfolio Standards: The state of Oregon has mandated that 25% of all its energy must be produced by renewable energy sources by the year 2025. That means utility companies will be looking to encourage customers to go solar before that date hits, because they will have to meet this mandate or pay stiff fines. It will be far less headache and probably cheaper for them if they just find a way to get their customers to install renewable energy systems, like solar panels. <\/li><\/ul>\n\n\n\n
Oregon\u2019s net metering laws are a huge perk for consumers installing solar systems in their home. I\u2019ll explain more about net metering later, but just know for now that you want strong net metering when it comes to measuring your system\u2019s electrical output.<\/li><\/ul>\n\n\n\n
Oregon interconnection standards make it far easier to hook your solar system up to the grid, which will help your system start producing free green energy that much faster. Furthermore your solar installer will have an easier time doing it and will likely be able to do it cheaper than they would otherwise. <\/li><\/ul>\n\n\n\n
State energy rebates are handled through the Oregon Incentive Trust program. Residents who install renewable energy systems like solar panels have the option of receiving a rebate in one lump sum or having their installer take that amount off the cost of your installation. In other words, the state will help pay for your solar installation if you want it to.<\/li><\/ul>\n\n\n\n
Performance-Based Incentives (PBIs) are another huge bonus for Oregon residents to go solar. Also available are \u201cSolar Power Performance Payments\u201d. Both these incentives are based on the power system you use. Depending on how much power and the number of kilowatt hours your system generates, you will receive a number of solar energy renewable credits equal to the energy you feed back into the grid. In plain English, you will get credits toward future energy bills based on unused electricity produced by your solar panels.<\/li><\/ul>\n\n\n\n
Oregon residents are exempt from property tax reassessments based on your installation of a solar panel system. Simply put, your taxes will not go up because you install solar panels. <\/li><\/ul>\n\n\n\n
The federal government offers all taxpayers a credit on your tax liability of 26% of the total cost of your system and installation. If your system costs $20,000, then that\u2019s a credit of over $5,000, which is a huge savings to you. <\/li><\/ul>\n\n\n\n
SELP (Small scale Energy Loan Program) loans offer low interest help to Oregonians who want to install renewable energy projects, such as solar panels. For more information, see oregon.gov\/energy\/Incentives\/Pages\/Energy-Loan-Program.aspx <\/li><\/ul>\n\n\n\n