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Financial Incentives
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There are generous state and federal tax credits and Energy Trust cash incentives available to businesses for commercial solar electric systems in Oregon. See the table below. Please consult your qualified tax advisor for help determining how the incentives and credits affect your business.
Energy Trust incentives are cash incentives that are paid to your chosen contractor and deducted from the project cost that is quoted to you. Not all solar systems qualify for incentives. It is important that you work with us to get all the possible financial incentives available. We'll make sure you know up front if your solar system will not qualify.
Tax credits reduce the amount of taxes you owe at the end of the year or quarter, depending on how your tax situation is structured. The tax credits available to you fall into two categories, federal and state, both of which are applied to the project cost after the Energy Trust incentives. See the table below for details.
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| Financial Incentives | Less than 30 kWdc | 30-200 kWdc | 200 - 800 kWdc | Max | | Energy Trust | PGE | $1.25/Wdc | $1.25 - $0.75/Wdc | $0.75/Wdc | $600,000 | | Pacific Power | $1.00/Wdc | $1.00 - $0.50/Wdc | N/A | $100,000 | Oregon
Residential Energy Tax Credit | 50% of eligible system cost, claimed 10% per year for 5 years; transfer credit to pass-through partner to receive reduced payment up front | | Federal Income Tax Credit | 30% net installed system cost; AND Federal Accelerated Depreciation, MACRS: 5-year rapid depreciation deductions on federal tax return | |
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