The Oregon Solar + Storage Rebate Program issues rebates for solar electric systems and paired solar and storage systems for residential customers and low-income service providers in Oregon. Rebates are issued to approved contractors, who pass the savings on to their customers. The program budget for 2023 is $9,050,000 for low- and moderate-income non-income restricted funding and $12,866,152 for reserved funding. As of October 20, 2023, $7,663,974 has been reserved, leaving $1,386,026 in remaining funds.
In addition to the state rebate program, there are other incentives available to Oregon residents:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 30% of the cost of installed solar panels. Battery storage can also qualify for the Residential Clean Energy Credit.
Net Metering:
Net metering in Oregon is a billing arrangement for solar panel owners that credits them for excess electricity they generate. When your solar panels produce more energy than your home consumes, the surplus is fed back into the grid and credited to your account, effectively spinning your meter backward. These credits can then be used to offset future electricity consumption, resulting in lower energy bills. Net metering promotes the efficient use of solar power, reduces reliance on fossil fuels, and supports the transition to clean energy. By participating in net metering, you not only save money but also contribute to a more sustainable energy future while helping maintain grid stability in Oregon.
Utility Rebates:
Pacific Power offers a rebate of $0.50 per watt for residential solar installations and $0.25 per watt for commercial installations. Portland General Electric offers a rebate of $0.40 per watt for residential solar installations and $0.20 per watt for commercial installations.
Further information and programs can be found at the Programs.Dsireusa.org
