Solar Panels in Oregon | 2022 Cost and Incentives | SaveOnEnergy®

Oregon Solar Panels: Pricing and Incentives

How much do solar panels cost in Oregon?

home with solar panels on the roof

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Solar power in Oregon

Oregon was one of the earliest adopters of solar power in the country. And despite the state’s reputation for gloomy weather, it ranks among the top half of states for solar energy generation, and it’s only expected to grow over the coming years. If you live in Oregon, you could save money on energy by investing in solar energy, and can help the environment by reducing your home’s carbon footprint. Are you wondering if solar power is right for your home? Keep reading to learn the costs and benefits of solar power in Oregon and whether it’s right for you.

Oregon solar panel cost

The average residential solar panel costs between $3 and $5 per watt, with a 5-kW system costing between $15,000 and $25,000. The cost of your solar panel system in Oregon depends on many factors, including the size and configuration of your system, the components included, the local labor and permitting costs. Keep in mind that tax credits and other financial incentives can reduce your out-of-pocket costs. Between these financial incentives and your energy savings, you can expect to break even on your solar panels within about 6-9 years.

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Oregon solar incentives or rebates

While solar panels can be expensive, the federal government and many state and local governments offer financial incentives to reduce your cost burden and encourage investment in solar panels.

The federal government offers a 26% solar tax credit when you purchase solar equipment for your home. This tax credit can save you thousands of dollars on your solar panel purchase, by letting you claim the credit on your taxes. The credit will be reduced to 22% in 2023 and will disappear in 2024 if it is not renewed.

In addition to the federal tax credit, Oregon residents can take advantage of financial incentives offered by the state. Previously, Oregon offered a tax credit of up to $6,000 for homeowners who installed solar panels. This tax credit expired in 2017. That being said, residents can still save with Oregon’s solar electric incentive program, as well as rebate programs that several local governments offer. Oregon also offers a net metering program which allows residents to sell their excess energy to the grid to bank it and draw from it later.

Why choose Oregon solar power?

Installing solar panels on your home offers plenty of benefits, including reducing your energy costs, establishing energy independence, and reducing your carbon footprint.

Lower energy costs 

Solar panels on your home can drastically reduce your energy costs. When you install solar panels, those solar panels capture sunlight and convert it into usable energy to power your home. And as long as your home is being powered by solar energy, you aren’t paying for electricity from the traditional energy grid.

Establish energy independence 

Another benefit of installing solar panels on your home is the ability to establish energy independence, meaning you aren’t reliant on the traditional electricity grid to power your home. There are two key benefits to energy independence. First, you don’t have to worry about spiking energy prices when demand is high. And if you have a battery in your solar system, you don’t have to worry about power outages during storms, since your stored solar energy can continue to power your home.

Go green

Installing solar panels on your home is an excellent way to reduce your home’s environmental footprint with green energy. While traditional energy generation emits carbon dioxide that contributes to climate change, solar power is a form of clean and renewable energy.

Should I buy or lease my solar panels?

Oregon residents can choose to either buy or lease their solar panels. While both have some advantages, buying your own solar panels is likely to save you the most money. First, buying solar panels allows you to take advantage of the federal tax credit, while leasing doesn’t. Buying solar panels is also likely to save you more money on energy costs in the long run, and can increase your home’s resale value by an average of $15,000.

Despite the advantages of buying solar panels, leasing solar panels is a better option for some people. Leasing doesn’t require the large upfront cost that buying solar panels does. Additionally, it makes more sense for renters who may not be in their homes for the full life of their solar panels. A third and lesser-known alternative to buying or leasing solar panels is a community solar project. These programs help to make solar power more accessible. Anyone can buy into them, and then all the participants split the solar power produced by the project. These programs are ideal for people who live in apartment buildings and can’t install solar panels, or those who can’t afford the costs of buying or leasing solar panels.

Oregon solar power companies

Along with the rise in popularity of solar power, there has been an increase in the number of solar installers on the market. It’s important to understand the difference between a solar manufacturer (the company making the solar system components) and solar installer (the company installing the various system components). SaveOnEnergy has a plethora of resources to help you learn about solar and find an installer that works for your budget and needs.

The history of solar power in Oregon

Oregon was an early adopter of solar power, with the state passing its first solar policies in the mid-1970s. Over the past half-century, some of the state’s most popular solar initiatives have been its property tax exemption, solar easement and rights laws, energy loan program, net metering, and more.

Oregon’s investments in solar energy have paid off. Despite its reputation for overcast weather, Oregon ranks in the top half of states for solar energy generation. Solar power accounts for 2.76% of the state’s electricity, which is enough to power nearly 160,000 homes. Over the past five years, the state has seen a huge increase in utility, commercial, residential, and community solar installations.

Solar power has also contributed significantly to Oregon’s economy. The state has more than 116 solar companies that create thousands of jobs in the state, and the industry is only expected to grow in the future.

Important solar factors to consider

Solar panels can be an excellent way to reduce your energy costs and reduce your home’s environmental footprint. But before you install solar panels on your home, there are a few things to consider:

  • The state of your roof: Solar panels are best for roofs in good shape that won’t need to be replaced anytime soon. They’re also most effective on south-facing roofs with slopes between 15 and 40 degrees.
  • Local weather patterns: Solar panels can only capture sunlight and generate electricity when there is sunshine. If you rarely get sun at your home due to local weather patterns or other obstructions, then solar panels may not be the right fit.
  • Your neighborhood rules: Some homeowners associations have restrictions for the use of solar panels. You may be limited to a certain size or need to get approval from your HOA before having your panels installed.

Solar power FAQs

How much would solar cost in Oregon? Expand / Collapse Toggle

The cost of solar panels in Oregon depends on the size, components, and configuration of your system, as well as your local labor and permitting costs. That being said, your costs are likely to be between $15,000 and $25,000 before any tax credits and other financial incentives.

Is solar power a good investment in Oregon? Expand / Collapse Toggle

Solar power can be an excellent investment and can help to reduce your energy costs over many years. However, whether it’s a good investment for your home will depend on how much sunlight you get and how much you currently spend on electricity.

How much could I save by investing in solar? Expand / Collapse Toggle

The amount you can save by investing in solar power depends on how much sunlight your home gets and how much you currently spend on electricity. Oregon residents pay an average of $107 per month on electricity. As a result, the average savings could be as much as $1,284 per year.

Where can I find a good solar panel installer in Oregon? Expand / Collapse Toggle

SaveOnEnergy can help you find a trusted solar provider in your area. To get started, enter your information on the form on your screen. We’ll connect you with a solar installer in your area, who will help you build your custom solar panel system.

How does solar power help the environment? Expand / Collapse Toggle

Unlike traditional electricity generation, solar energy generation doesn’t emit carbon dioxide that contributes to climate change and creates pollution. It’s a clean and renewable resource.