Solar Energy in Oregon
The combination of full retail net metering, utility-based incentives, and the 26% federal tax credit puts Oregon within the top 15 states for solar. Despite the state’s less-than-average solar irradiation and relatively cheap power, the possible return on investment from solar panels on your home more than makes up for the lack of sun and low electricity rates.
In terms of going solar, the overall picture in Oregon is pretty good – with average solar system payback times around 10 years on a 5 kilowatt (kW) system.
The federal and utility-level incentives that are available make now the perfect time to go solar
Oregon Solar Power Facts
$3.78 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 12 Years 10 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $35,089 over your lifetime.
10¢ kWh
This is the levelized cost of solar energy.
25¢ kWh
This is the levelized cost of energy without solar panels.
12,335 kWh
Annual power production of home solar panels.
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How much do solar panels cost in Oregon?
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 Oregon?
The advantages of installing solar panels in Oregon are that there are several utility-based incentives and a net metering law, which are key to making solar a worthwhile investment. Pair those incentives with the federal tax credit and you have the potential for excellent savings.
The main disadvantage of installing solar panels for your home in Oregon is that there is less overall sunshine in the state per year, meaning a solar system produces less here than it would in some other states. Also, the cost of grid power is cheap in Oregon, which means you get less money back for excess generation than you might in a state with higher electric prices. Despite these, incentives in Oregon still make solar an excellent choice for a home or business owner.