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Typical Grid-Tie
The Energy Trust of Oregon incentive for purchase and installation of grid tied photovoltaic electrical power is $1.00 per watt installed ($100,000 max). Additionally businesses get considerable tax credits. Small businesses, farmers and ranchers are also eligible to apply for a USDA REAP Grant.
As a contractor/dealer I discount the Energy Trust amount off of the total costs and have to wait until the system is running and inspected before I get the rest of the money. An Energy Trust inspector as well as the building inspector must approve the installation and power output. This is to make sure you get a quality system that will produce power for years with virtually no maintenance.
Grid-tie Business Photovoltaic System Costs (Pacific Corp customers only)
10.3 kW system| - $ 55728.00 | List cost |
| $ 10320.00 | Energy Trust Incentive |
| - $ 45408.00 | your initial cost |
| $ 13622.00 | (30% Federal Tax credit) |
| - $ 31786.00 | |
| $ 27864.00 | (Oregon Tax credit - over 5 years) |
| -$ 3922.00 | |
| $ 11579.00 | tax savings from depreciation (30% tax rate taken over 5 years) |
| $ - 7657.00 | |
| $ 13932.00 | (25% USDA REAP Grant) |
| $ 21589.00 | net gain (after 5 years not including additional value of electricity produced) |
This is a good investment as all energy and electricity rates have continued to increase!
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Federal tax credits can be taken against alternative minimum tax!
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Produces around $1100 per year in free electricity
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Plus your property appreciation increases approximately $22,000 (value of at least 20x annual energy value based on an article in Appraisal Journal) Property appreciation from solar is not taxable in Oregon.
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What Public Relations value would it have for your business ?
Typical systems include quality panels, a quality Fronius inverter, all the equipment to complete the job. Freight and delivery to job is included as well as technical assistance, drawings, installation manual, operation manual, 25-year warranty on panels, 10 years on inverter and other equipment. Conduit, wiring and electrician time will be included in costs. South facing roof with little shade or land for ground/pole mounts is ideal. Addition costs may be needed for electrician work, ground mounts, 2+ story roofs, or steep roofs.
Ask us about USDA grant applications!
Call today as the incentive budget is rapidly being allocated!
You can use our Contact Form, or call us at 541-496-3987