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Solar Hot Water
Whether you're a home owner, farm owner, or business owner, financial incentives fall into two categories: Energy Trust incentives and tax credits.
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.
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Solar Hot Water Incentives
Financial Incentive
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PGE or Pacific Power using electric water heating
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NW Natural or Cascade Natural using gas water heating
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Max
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Energy Trust Incentive
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$0.40 per first-year kWh savings
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$0.30 per first-year kWh savings
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$1,500 per home
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Oregon Residential Energy Tax Credit (RETC)
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$0.60 per first-year kWh savings; up to $1500
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Federal Energy Tax Credit
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30% net installed system cost
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