Current Solar Incentives: Lowering The Cost Of Solar Power
GOOD NEWS! Going Solar in Washington is Now More Affordable and Cost Effective than Ever Before!
Now is the perfect time to take advantage of a wide range of Washington State and Federal government incentive programs to offset your renewable energy system and solar panel costs, making your solar electric or hot water system more affordable, cost effective and more profitable than ever before!
30% Federal Tax Credit.
Get a 30% Federal Government tax credit for both solar electric and solar hot water! Solar power now is an even smarter, more affordable investment thanks to the Federal Government. On your next tax filing, you’ll be entitled to claim a 30% tax credit from the total cost of your solar system. And if you don’t have enough tax liability in the current year to take full advantage of this 30%, you can spread the credit over 20 years, thereby ensuring that you receive the maximum benefit possible under this great incentive program! Don't forget about Solar Thermal Systems, which also qualifies for the 30% Federal Tax Credit.
100% off Washington State Sales Tax
Through June 30th, 2018, on systems smaller than 10kW. On systems that are larger that 10 kW, there will be a 75% tax rebate on Washington Sales Tax. This now applies for both solar electric and solar hot water systems.
Washington State Production Incentive ProgramThe State of Washington, in an effort to promote renewable electricity generation, is purchasing solar generation at $.15/kWh until July 2020. If the inverter is manufactured in Washington state the $.15 is boosted to $.18/kWh. Solar modules made in WA earn $.36/kWh and if both model and inverter are made in WA you earn $.54/kWh. This production incentive pays you for the solar power you generate for use in your home and also what you share back to the grid with Net Metering.
All Solar electricity generated that is not used at time of generation will be fed back to the utility grid, so that your green power can be used by other people. During these times your utility meter will actually run backwards so that you are credited for this power. Your utility bill at the end of the month will be the difference between what you generated and consumed. For those summer months that you generate more than you consume, these “credits” will be forwarded to you the next month. Not only do you offset your electric bill by every solar kWh you generate, but you get the 6170 incentives for every single solar kWh… even the kWh that you use!
5-Year Accelerated Depreciation for Home Based Businesses.
"Some" Home based businesses can qualify for a full 5-year MACRS accelerated depreciation tax deduction on the entire cost of your solar electric and/or solar hot water.
Increased Appraised Value of Your Property.
Adding a solar energy systems or solar hot water system to your home adds to the resale value of your home and makes it more attractive to prospective buyers. Interested in saving money and helping the environment? Contact us to take advantage of these great cost saving solar incentives. Going solar makes cents!
Regional Solar Incentives - Snohomish PUD
Residential Solar Electric Systems may choose a cash incentive of $500 per installed kW, up to $2,500. Optionally, residential customers may apply for a 2.9% APR loan up to $25,000 to finance the installation instead of the cash incentive.
Residential Solar Hot Water Systems if your current hot water heater is elcectric, then you may choose a cash incentive of $500 per installed system. Optionally, residential customers may apply for a 2.9% APR loan up to $14,000 to finance the installation instead of the cash incentive.
The Snohomish PUD incentives are one of the reasons that Edmonds, Everett, Stanwood, Camano Island, and Mount Vernon have seen a huge uptake in solar energy systems over the last four years.
Qualifications and Restrictions apply please contact one of our solar design consultants for more information on the Snohomish PUD incentives.
Green Street Lending and Puget Sound Cooperative Credit Union offer great financing options. Please contact a Sunergy Systems' solar design consultant for more information on regional financing options.