The Two Incentive Paths

In the past there was only one incentive "path" to take when going solar. Energy Trust of Oregon cash incentives in combination with Oregon State Tax credits is still one of the best incentive paths in the nation. Now there is another great option. It's called the Oregon Feed-in Tariff. It's modeled after a program in Germany which helped grow their economy by fueling solar installations and creating jobs in clean technology. Now that you have two incentive paths to choose from, you can look at the examples below to see which will work better for you. If you have any questions, please feel free to call or email us.

Oregon Feed-in Tariff Incentive Path

The Oregon Feed-In Tariff makes cents! The major difference from the Energy Trust and state tax credit incentive path is that there is a larger out of pocket expense and a greater return on investment. For some people, this will make the going solar more attractive. 

2.45 kW Solar Photovoltaic System 5.39 kW Solar Photovoltaic System
Out of Pocket Cost  $17,150 Out of Pocket Cost  $31,747
30% Federal Tax Credit -$5,145 30% Federal Tax Credit -$9,524
Net Cost  $12,005 Net Cost  $22,223
  ~ Annual Feed-In Tariff Payment    $588   ~ Annual Feed-In Tariff Payment    $1,294
Simple Payback 23.7 Years Simple Payback

14.8Years

  Years Left of Feed-In Tariff    -8.7 Years    Years Left of Feed-In Tariff    .2 Years
~ Value 4.4 Years of Payments  $0 ~ Value 7.1 Years of Payments   $246

Energy Trust of Oregon and State Tax Credits Incentive Path

For some people, the Energy Trust of Oregon incentive path makes more sense than the Feed-In Tariff. The major difference is that with Energy Trust incentives there is less out of pocket expense. The drawbacks are that the pay back period is longer and has a much lower lifetime value (in these two examples) than the Feed-In Tariff incentive path.

2.45 kW Solar Photovoltaic System
5.39  kW Solar Photovoltaic System
System Cost
 $16,190
System Cost
 $31,737
Energy Trust Incentive
-$4,288
Energy Trust Incentive
-$9,433
Out of Pocket
 $11,902
Out of Pocket
 $22,304
  Federal Tax Credit   -$3,571   Federal Tax Credit    $6,691
Oregon Tax Credit -$4,166
Oregon Tax Credit
-$6,000
Net Cost  $4,166 Net Cost  $9,631
Simple Payback 17.5 Years Simple Payback
18.3 Years
Annual Electricity Payment Savings  $238 Annual Electricity Payment Savings  $524
 

   

About these Examples

These examples are designed to be informative and helpful for your research. It's impossible for us to give a set price because there are so many variables involved in going solar. These examples used the following assumptions:

  1.  Locally made 245 watt Solar World modules; Oregon Made PV Powered inverter
  2. $6.61/watt installed cost for the 2.45 kW system
  3. $5.89/watt installed cost for the 5.39 kW system
  4. Energy Trust of Oregon incentive of $1.75/watt for PGE customers
  5. Perfect power production (perfect tilt, no shading, etc)
  6. Feed-in tariff pays $0.347 per kwh produced 
  7. Energy Trust incentive example uses $0.10 per kWh for production value 
  8. No additional charges are included in this example for extra steep roofs, 3 level homes, etc.