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Financial Incentives
Going solar is a good thing for your community and for your wallet. There are a variety of financial incentives available to assist:
26% Federal Renewable Energy Investment Tax Credit (ITC):
This federal incentive tax credit offsets 26% of your system costs. This credit will step down to 22% in 2021.
Energy Trust of Oregon (ETO):
The Energy Trust of Oregon provides cash rebates that offset the purchase price of your system. These rebates are available to and PGE or Pacific Power Customers in Oregon. Imagine Energy is a ETO Trade Ally and will ensure you receive the highest rebate available for your system.
Oregon Department of Energy (ODOE) Solar + Storage Rebate Program:
This $2MM+ program is new for 2020, and issues rebates for solar electric and solar plus battery backup systems for residential customers in Oregon. Rebates may cover up to 40% of the net cost of a residential system for customers that are not considered low- or moderate-income and up to 60% of net cost for a low- or moderate-income customers. The maximum rebate is $5,000 for a solar electric system and $2,500 for an energy storage system.
Financing
We have relationships with a number of solar-specific financial organizations and can present proposals on behalf of them based on your preferences: Lowest interest rate? Total financing cost? Monthly payment? Downpayment? Everyone’s situation is different. Below are a few solar lenders active in the Pacific Northwest that we’ve worked with in the past:
Mosaic Solar
“We’re increasing access to home efficiency improvements by making home battery financing simpler for qualified homeowners. Transition your house to a 100% clean-energy home”
Puget Sound CU (WA)
“With a SustainableSolar loan you can reduce your carbon footprint and reduce your utility bills year round. By participating in this program, you can get help with your solar financing needs as well as any other energy efficiency projects, with loans up to $70,000*.”
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