Depending on whether or not your utility company participates in the cash incentive program with Energy Trust of Oregon, you may be eligible for 2 forms of solar incentives for installing a solar system on your home. The incentives and tax credits are outlined below.
The Energy Trust of Oregon offers a cash incentive that is taken off the gross project cost of your system, lowering your out of pocket cost. Qualified homes must be in Pacific Power or Portland General Electric territory.
Homeowners can apply for a federal tax credit for 30% of their out of pocket system cost to be filed during the same year of the installation and interconnection (when the system is live, connected to the utility meter, and passed all inspections) is completed. For example, an installation and interconnection completed on December 29, 2017 can be claimed on your 2017 taxes which are filed by April 15, 2018 as a credit.