Solar Energy in Idaho
Idaho has some room for improvement as far as solar incentives go; there is no renewable portfolio standard or tax exemptions that currently exist. However, there is a very beneficial state income tax credit.
Also, although there is no net metering law, the three major investor-owned utilities in the state do offer net metering to their customers.
Idaho Solar Power Facts
$2.78 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 7 Years 3 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $58,310 over your lifetime.
4¢ kWh
This is the levelized cost of solar energy.
23¢ kWh
This is the levelized cost of energy without solar panels.
13,846 kWh
Annual power production of home solar panels.
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How much do solar panels cost in Idaho?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in Idaho?
The advantages of installing solar panels in Idaho include the state tax credit, as well as the 26% federal solar tax credit. These two incentives alone make solar an excellent investment for your home or business in Idaho.
The main disadvantage of installing solar panels in Idaho is that the state receives less sunshine than some other states. This means that your solar system will produce a little less here than it will in sunnier states, such as Florida. Also, the state does not provide a sales or property tax exemption on solar energy equipment like many other states do. The lack of a renewable portfolio standard puts less pressure on utilities to create incentives for expanding solar.