Solar Panels Oregon Tax Credit

Oregon used to have a tremendous solar tax credit the 3rd best in the nation.

Solar panels oregon tax credit.

For low income service providers the caps are 30 000 for solar electric and 15 000 for an energy storage system. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. For residential projects the maximum rebate is 5 000 for a solar electric system and 2 500 for an energy storage system. You got 1 500 per kw of solar up to 6 000 max.

The bad news is the tax credits expired at the end of 2017. From ductless heat pumps to rooftop solar to electric vehicle chargers your energy efficient improvements have made a big difference saving money saving energy and helping to add to oregon s home grown energy supply. The oregon department of energy s residential energy tax credit program ended in 2017. In oregon and washington financial incentives are available through many electric utilities to help make residential solar more affordable if you decide to own your own solar system.

Solar electric incentive rebate program. Oregon still has great solar rebates across much of the states so if you re thinking about getting solar on your oregon home get solar quotes now. The most significant incentive to install solar panels for homes and businesses in oregon is the federal solar tax credit. Homeowners who installed solar panels prior to december 31 2017 were eligible for a credit on your oregon state taxes to help recover expenses.

The credit was valued at 1 70 per watt w of installed capacity up to 6 000. Thank you to the nearly 600 000 oregonians who participated in the program since 1977. Created in 2006 and funded by the oregon department of energy homeowners who installed solar panels prior to 2017 were eligible for a credit on state taxes at 1 70 w of installed capacity up to 6 000 making it one of the best solar incentives in the country. Oregon residential energy tax credit.

The federal government gives a 26 percent tax credit on home solar and many customers in oregon are eligible for essentially free instillation.