Portland Oregon Solar Panel For Homes,
Sales, Service, Installation
READ BELOW TO UNDERSTAND
Solar energy offers many benefits to homeowners.
By moving to solar from fossil fuels to solar, you are able to help reduce carbon emissions, promote local control of our energy consumption, reduce the need for electric power distribution and if done smartly can save you substantial money. Based on your unique power requirements you can decide how big of a system to install and generate electricity right where you use it.
Solar energy provides homeowners with more control over their energy use. And in the global view, the yearly reduction in carbon from generating electricity from an average 4 kW solar system is equivalent to the amount of carbon absorbed by half an acre of trees. So as solar use increases, the ecological gains become significant.
Economic Benefits
There are two primary ways to consider the economics of solar: these include the total cost over the life of the system, and payback (i.e. the number of years before the system is paid back). In the first instance, the upfront installed cost is calculated by subtracting out any incentives and tax credits. For payback, the number of years needed to pay off the system cost from energy savings is determined.
In the Portland area, you can expect to generate 1,000 kWh of electricity for every 1 kW of installed system. An average 4 kW system would generate on average approximately 4,000 kW a year or 11 kW a day. For an average system, the payback can be around 6.5 years. Even after 30 years, PV panels will provide 80% of their output.
KEEP READING
Beyond the economics, there are many reasons to install solar energy.
1. Solar homes sell twice as fast as their conventional counterparts, which provides a hedge in depressed housing markets.
2. Solar homeowners are more satisfied and recommend their builder to others twice as often.
3. Homeowners in communities that include solar are more satisfied with their home purchases.
4. Homes with solar energy reduce their energy bills between 14-54%.
5. Solar systems retain their value on average 97% and adds approximately $12,000 to a home’s value.
Maximizing use of both Federal and State Tax Credits solar will make solar your cheapest energy option and it will pay for itself in increase homed value the day it is installed. This is a “no-brainer”, you can’t lose with solar – if it is done properly.
SolarWorld carries out each step of the module manufacturing process in Hillsboro, Oregon. They adhere to the strict quality management, environmental and occupational health and safety standards ISO 9001, ISO 14001, and OHSAS 18001. By using statistical process controls in every step in the manufacturing process, SolarWorld is able to maintain the highest level of quality. As the largest solar panel manufacturer in the U.S., they employ a sophisticated, fully automated manufacturing process supported by the most technologically advanced equipment available – from crystallization to moduling. SolarWorld Sunmodule® Plus solar panels are available with silver or black components. These modules meet SolarWorld's stringent quality standards and meet and exceed all industry standards and certifications. Buying SolarWorld panels from Pacific Networks creates jobs in Oregon.
Features
What is the Federal Solar Investment Tax Credit?
The Investment Tax Credit (ITC) is currently a 30 percent federal tax credit claimed against the tax liability of residential (Section 25D) and commercial and utility (Section 48) investors in solar energy property. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems outright and have them installed on their homes. In the case of the Section 48 credit, the business that installs, develops and/or finances the project claims the credit.
A tax credit is a dollar-for-dollar reduction in the income taxes that a person or company claiming the credit would otherwise pay the federal government. The ITC is based on the amount of investment in solar property. Both the residential and commercial ITC are equal to 30 percent of the basis that is invested in eligible property which have commence construction through 2019. The ITC then steps down to 26 percent in 2020 and 22 percent in 2021. After 2023, the residential credit will drop to zero while the commercial and utility credit will drop to a permanent 10 percent.
Oregon Residential – Solar Electric (PV) Tax Credits
Solar electric systems, also called “PV” systems generate electricity directly from the sun using photovoltaic modules. More information is available on solar electric (PV) page. Tax credit is based on $1.70 per watt of installed capacity (DC) up to $6,000 per residence taken over four years ($1,500 per year) limited to 50 percent of the cost of the system.
As you can see the sweet spot for a solar energy system is roughly $12,000 of which half ($6,000) can be deducted from your state taxes at $1,500 per year for four years. On top of this is the 30% Federal ITC. So, your total tax credits would be 80% of the cost of installation.
Oregon utility customers who want to produce their own electricity should inquire about Oregon’s "net metering" law (ORS 757.300). Through net metering, utilities allow customers to exchange their surplus solar electric power for utility power they use when their system is not producing enough power to meet their needs (e.g. at night). Customer meters would simply spin backwards during sunny portions of the day, generally when their systems produce more than they use. At the end of the billing period, net metering customers would only be billed for net energy used. Net metering will all you to use the grid as a giant battery, you put excess energy into it and reclaim it later when you need it saving you lots of money.
While the cost of solar photovoltaics has fallen dramatically, the upfront cost of a residential system remains a significant barrier. Incentives, which make solar a more attractive investment, are no substitute for financing, which makes it possible.
Cash, a much better investment than CDs.
Refinancing, if you are thinking about refinancing your home includes the soar in the financing.
Second Mortgage, lower interest than bank loans.
Bank loans, many banks and Credit Unions are now offering green loans for solar financing.
With the combination of Federal and State tax credits, net metering and increased home vaule there is no reason not to go solar today and start saving money. Pacific Networks can you help, just give us a call!
By moving to solar from fossil fuels to solar, you are able to help reduce carbon emissions, promote local control of our energy consumption, reduce the need for electric power distribution and if done smartly can save you substantial money. Based on your unique power requirements you can decide how big of a system to install and generate electricity right where you use it.
Solar energy provides homeowners with more control over their energy use. And in the global view, the yearly reduction in carbon from generating electricity from an average 4 kW solar system is equivalent to the amount of carbon absorbed by half an acre of trees. So as solar use increases, the ecological gains become significant.
Economic Benefits
There are two primary ways to consider the economics of solar: these include the total cost over the life of the system, and payback (i.e. the number of years before the system is paid back). In the first instance, the upfront installed cost is calculated by subtracting out any incentives and tax credits. For payback, the number of years needed to pay off the system cost from energy savings is determined.
In the Portland area, you can expect to generate 1,000 kWh of electricity for every 1 kW of installed system. An average 4 kW system would generate on average approximately 4,000 kW a year or 11 kW a day. For an average system, the payback can be around 6.5 years. Even after 30 years, PV panels will provide 80% of their output.
KEEP READING
Beyond the economics, there are many reasons to install solar energy.
1. Solar homes sell twice as fast as their conventional counterparts, which provides a hedge in depressed housing markets.
2. Solar homeowners are more satisfied and recommend their builder to others twice as often.
3. Homeowners in communities that include solar are more satisfied with their home purchases.
4. Homes with solar energy reduce their energy bills between 14-54%.
5. Solar systems retain their value on average 97% and adds approximately $12,000 to a home’s value.
Maximizing use of both Federal and State Tax Credits solar will make solar your cheapest energy option and it will pay for itself in increase homed value the day it is installed. This is a “no-brainer”, you can’t lose with solar – if it is done properly.
SolarWorld carries out each step of the module manufacturing process in Hillsboro, Oregon. They adhere to the strict quality management, environmental and occupational health and safety standards ISO 9001, ISO 14001, and OHSAS 18001. By using statistical process controls in every step in the manufacturing process, SolarWorld is able to maintain the highest level of quality. As the largest solar panel manufacturer in the U.S., they employ a sophisticated, fully automated manufacturing process supported by the most technologically advanced equipment available – from crystallization to moduling. SolarWorld Sunmodule® Plus solar panels are available with silver or black components. These modules meet SolarWorld's stringent quality standards and meet and exceed all industry standards and certifications. Buying SolarWorld panels from Pacific Networks creates jobs in Oregon.
Features
- High-performance monocrystalline cell structure
- 25-year linear performance guarantee
- 10-year extended product workmanship warranty
- Stable aluminum frame for easy mounting and eight possible grounding locations
- Extended cable lengths for easier installation
What is the Federal Solar Investment Tax Credit?
The Investment Tax Credit (ITC) is currently a 30 percent federal tax credit claimed against the tax liability of residential (Section 25D) and commercial and utility (Section 48) investors in solar energy property. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems outright and have them installed on their homes. In the case of the Section 48 credit, the business that installs, develops and/or finances the project claims the credit.
A tax credit is a dollar-for-dollar reduction in the income taxes that a person or company claiming the credit would otherwise pay the federal government. The ITC is based on the amount of investment in solar property. Both the residential and commercial ITC are equal to 30 percent of the basis that is invested in eligible property which have commence construction through 2019. The ITC then steps down to 26 percent in 2020 and 22 percent in 2021. After 2023, the residential credit will drop to zero while the commercial and utility credit will drop to a permanent 10 percent.
Oregon Residential – Solar Electric (PV) Tax Credits
Solar electric systems, also called “PV” systems generate electricity directly from the sun using photovoltaic modules. More information is available on solar electric (PV) page. Tax credit is based on $1.70 per watt of installed capacity (DC) up to $6,000 per residence taken over four years ($1,500 per year) limited to 50 percent of the cost of the system.
As you can see the sweet spot for a solar energy system is roughly $12,000 of which half ($6,000) can be deducted from your state taxes at $1,500 per year for four years. On top of this is the 30% Federal ITC. So, your total tax credits would be 80% of the cost of installation.
Oregon utility customers who want to produce their own electricity should inquire about Oregon’s "net metering" law (ORS 757.300). Through net metering, utilities allow customers to exchange their surplus solar electric power for utility power they use when their system is not producing enough power to meet their needs (e.g. at night). Customer meters would simply spin backwards during sunny portions of the day, generally when their systems produce more than they use. At the end of the billing period, net metering customers would only be billed for net energy used. Net metering will all you to use the grid as a giant battery, you put excess energy into it and reclaim it later when you need it saving you lots of money.
While the cost of solar photovoltaics has fallen dramatically, the upfront cost of a residential system remains a significant barrier. Incentives, which make solar a more attractive investment, are no substitute for financing, which makes it possible.
Cash, a much better investment than CDs.
Refinancing, if you are thinking about refinancing your home includes the soar in the financing.
Second Mortgage, lower interest than bank loans.
Bank loans, many banks and Credit Unions are now offering green loans for solar financing.
With the combination of Federal and State tax credits, net metering and increased home vaule there is no reason not to go solar today and start saving money. Pacific Networks can you help, just give us a call!
