Find The Incentive For You
30% Federal Tax Credit
The federal government has put forth an incredible incentive for those considering solar power. 30% of the eligible costs related to your solar project can be taken as a federal tax credit. As long as you or your business pays federal income taxes you can take advantage of this incentive.
Net Metering
Not only will you be selling the electricity your solar panels generate but you’ll also avoid having to buy that electricity from your power company. Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. Net metering acts as a sort of battery for your solar system, relieving customers from having to purchase expensive and maintenance-heavy batteries.
Understanding Net Metering
Solar Array
Solar array converts energy from sunlight into electricity.
Inverter
The inverter converts the electricity produced by the solar array from direct current (DC) to alternating current (AC) for use in your home, school, or business and measures the energy produced by the solar array.
Energy
The energy is used in your home, school, or business.
Bidirectional Meter
The Bidirectional Meter indicates energy usage and excess energy produced.
NATIONAL SOLAR INCENTIVES FOR BUSINESSES
modified accelerated cost recovery system (macrs)
federal income tax credit
STATE-LEVEL INCENTIVE PROGRAMS FOR COMMERCIAL SOLAR
WASHINGTON
OREGON
Premier Solar NW, as a solar trade ally contractor, can help commercial solar projects in Oregon qualify for incentives from the Energy Trust of Oregon, depending on their size. If you are a customer of Pacific Power or PGE, you can contact us at (503) 828-9500 to determine if your project is eligible for these incentives.
GRANTS FOR NONPROFIT ORGANIZATIONS AND SMALLL BUSINESSES
Government and foundation grants may be available to assist your organization in covering the entire cost of a new solar energy system. Premier Solar NW has a track record of installing systems for nonprofits, local schools, colleges, and public buildings in Washington and Oregon, with many of these organizations utilizing grant funding to help finance their solar projects.
As a solar team, we are knowledgeable about local and federal grant programs that support community organizations such as schools, churches, libraries, and small businesses.
We can assist with:
- Identifying grants that can offset the cost of transitioning to solar
- Providing guidance on grant writing and technical information for applications
- Tracking the grant application process with updated timelines leading up to installation
Contact us to determine if your organization qualifies for a solar grant, or to nominate a nonprofit that you support.
FINANCING FOR COMMERCIAL SOLAR
If you’re looking to finance a commercial solar project, it’s important to have technical info about the project when applying for a loan. That’s where working with a solar contractor can come in handy. Solar energy is considered a safe bet by many banks, and it can be used as collateral.
You might have options like a long-term lease, a power purchase agreement, or a regular term loan to fund your project. Our commercial projects team can help you figure out the best financing option for your solar project.
PUBLIC AND PRIVATE FINANCING
Apart from traditional financing options like private banks, credit unions, or alternate lenders, there are also federal and state programs that offer low-interest loans specifically for solar energy projects. The unique aspect of these loans is that the only collateral required is the solar equipment itself.
Our commercial projects team keeps a list of recommended financing options for solar projects in your state, which may involve a loan application process. We are more than happy to provide assistance and guidance with the loan application process to help you secure financing for your solar project.
If you’re interested in learning more about these programs, contact us!
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Perhaps you’ve wondered if it’s time to make a change to your energy sources.