OREGON COST
Breakdown
Oregon Solar Cost Breakdown
To ensure you get the best possible solar education, we’re going to look at the primary reasons to switch to solar in Oregon, and break down the average cost of a standard solar system after incentives.

The Cost Of Electricity Has Increased by 40%
In Oregon, the average cost of a single kilowatt hour of power is about 10.5 cents. In 2010, the average cost of a single kilowatt hour of power was about 6.2 cents. Retail electricity rates have risen across the state by 40% over the last 10 years. The trend of utility companies continuing to raise electricity rates is unlikely to change in the near future.

The Cost Of Solar Has Dropped By More Than 55%
An averaged-sized residential system has dropped from a pre-incentive price of $40,000 in 2010 to about $18,000 today. This is one of the primary reasons why more and more Oregonians are choosing to go solar.

Solar Boosts Property Resale Value
Zillow’s findings reflect similar studies published by the Lawrence Berkeley National Renewable Energy Laboratory, which drew on a sample of 23,000 homes across the country.
Understanding Property Resale Value

What About The Clouds?

Solar Incentives
Energy Trust of Oregon Solar Incentives
Customers of Portland General Electric (PGE) and Pacific Power can
take advantage of a cash rebate from the Energy Trust of Oregon. This
incentive goes directly to your solar integrator and reduces your
overall solar system cost. The Energy Trust of Oregon offers a cash
incentive of $250 per kilowatt of solar installed, up to $2,000 total.
Federal Solar Investment Tax Incentive (ITC)

How To Break Down A Solar Purchase
Average Pre-Incentive System Cost in Oregon
Average System Size in Oregon: 5 Kilowatts
Average System Cost Per Kilowatt in Oregon: $3,300
5 Kilowatts in Size x $3,300 Per Kilowatt = $16,500 Initial Cost
Average Pre-Incentive Solar System Cost in Oregon: $16,500
Calculating Average Oregon Solar Incentives
Energy Trust of Oregon
The ETO will provide a cash incentive of $250 per kilowatt.
5 Kilowatts in Size x $250 Per Kilowatt = $1,250 Incentive
Average Energy Trust Of Oregon Incentive: $1,250
Federal Solar Investment Tax Incentive (ITC)
The federal government will provide a cash incentive of 26% of your total system cost.
$16,500 System Cost x 26% = $4,290 Incentive
Average Federal Solar Incentive in Oregon: $4,290
Calculating the Average Total Cost of Solar in Oregon
Average Pre-Incentive System Cost in Oregon: $16,500
Average Energy Trust of Oregon Incentive: $1,250
Average Federal Government Incentive in Oregon: $4,290
$16,500 Pre-Incentive Cost – ($4,290 + $1,250 Rebates) = $10,960
Average Post-Incentive System Cost in Oregon: $10,960

Solar Purchase Options
Think of buying solar like buying or renting a home. You can own it outright by paying cash up front, you can finance it and pay $0 up front, or you can choose to rent it (lease).
At Smart Solar Energy, we don’t believe in renting (leasing) our solar systems. You have to split the savings with your solar company, you don’t get to take advantage of the federal and state solar incentives, and selling your home can be a challenge.
Much like owning a home, owning your solar system allows you to maximize your investment benefits. While paying for your solar system up front is a great investment, most of our clients would prefer to hold on to their hard-earned cash. That’s why we have a variety of $0 money down financing options with local credit unions and can work to find you a solution that meets your specific needs.

Does Solar Make Sense For You?
We believe in educating our prospective clients so you can make well-informed decisions about your solar energy needs. Our Free Solar Audit will help you understand whether your property is a good candidate for solar. From there, we can make recommendations based on the incentives available to you and develop a unique plan that addresses your solar energy needs.
SMART ENERGY TODAY IS TRUSTED
BY THE NAMES YOU KNOW





WHAT OUR CUSTOMERS ARE SAYING

