– 26% Federal Tax Credit expires Dec. 31, 2022. Average of ~$5000 per Residence.
– Net Metering, aka Bill credit from the electric utility. No expiration date.
– No sales tax.
– Increased home value. Also, property tax assessment exempt.
– Associated electrical upgrades, e.g. batteries, also qualify for the 26% Federal Tax Credit.
– 26% Federal Tax Credit. Average value ~$5000 per Residence.
– Free power, aka Bill credit from the electric utility. No expiration date.
– No sales tax.
– Increased home value. More good news: Property tax assessment exempt.
– Associated electrical upgrades also qualify for the 26% Federal Tax Credit.
Thinking of installing solar? How will you employ the usage of the sun’s power?
Will your system be closed loop Off-Grid; or will it be a back & forth Grid-Tied system?
Here is a description of these two available options.
Off-Grid
Historically, solar installations were viewed as an off-grid project. If the power company’s lines didn’t drop to your property, you could use solar to make your own electricity.
If your property is remote, or you have a desire to be fully or partially autonomous, you can still capture and keep your solar energy on site. This will require batteries and storage technology. The solar panels fill the battery with power and that electricity will be available for use. Sizing of the solar system, the dynamics of power generation, and storage capacity become considerations. Professionals such as myself can help you plan for this circumstance.
Grid-Tied
This is the most popular form of solar adoption. Installations are connected to the available electrical grid. Such interconnection offers reliability and convenience. Use the solar power you are creating and/or use the grid power when needed.
Owners of grid-tied systems are recognized by local utilities as Customer Generators. Your solar installation powers your own property as well as others, via the grid’s utility lines. As a Customer Generator, you will give the grid electricity when you are producing more than you can use. Then, later in the day, or later in the year, you will be able to use that 1:1 corresponding solar credit. This benefit is considered an important Incentive, and states without the incentive experience less solar adoption by utility customers.
In WA State we have a law that protects solar properties from ever being denied a 1:1 Credit for power they send to the grid. It is known as the Solar Fairness Act and this Net Metering Law protects Customer Generators. My blog post on the 2019 Legislative session.
Battery Back-up
If you have a grid-tied system and you would like clean, quiet power generation when the grid is out of commission, you have the option of adding batteries. Installing batteries at the same time you add the solar means that you can apply the Solar Investment Tax Credit to that cost as well. There may be a future savings depending upon how your utility bills you for electricity. In the NW, residential power delivery is most vulnerable in the Wintertime. Those are the shortest and darkest days. Therefore the battery storage must be sized aggressively enough to have the capacity needed to power the desired loads.
Solar above Tacoma Narrows
Wanting some solar? A new WA State Incentive program was launched October 2017.
The plan was to have a four year offer, until the $110-150M was maxed out.
Yet…
July 2018 status report by WSU Energy Program shows the program is almost 75% subscribed. Seattle City Light is over 50% full, and PSE is 65%. PSE is the state’s largest electric utility.
The offer of cash paid for solar kWhs will end once capacity of your utility or the state program monetary cap is reached, whichever comes first.
The rate of solar adoption since Oct 2017 is quicker than expected.
Our Washington State Governor has issued an Executive Order aimed at reducing Carbon emissions! Carbon is beneficial element, but too much is just dirty and it densifies the atmospheric layers. It comes from tailpipes and smokestacks. It is a “greenhouse gas: that traps the sun’s heat in the atmosphere. The sun’s rays bean through the atmosphere to the earth, but the resulting heat cannot escape, because carbon molecules are increasing in the air and heat does not vent up and out anymore
The Executive announcement came Tuesday April 30 at Shoreline Community College. They host the Annual Solar Fest. Sometimes there is free Ice Cream, thanks to generous Silicon Energy – a WA state solar manufacturer! The Governor stood with stakeholders and students and announced his plan.
The plan is spelled out here: Climate Policy Paper.
The Carbon Pollution Reduction and Clean Energy Action will be on the minds of those attending the 2014 NW Solar Summit this weekend. That is because the Executive Order aims to reduce dependence on coal and change to cleaner energy. Coal = Carbon. Solar = Clean Air.
Solar is a convenient, clean, scalable source of power. The Governor is supporting solar. It has been a long road, but it is looking good for the local consumer and the upstart state-based solar industry that serves them.
The 2014 NW Solar Summit is May 2nd and 3rd at Brightwater Wastewater Treatment Facility.
Here’s a photo of Brightwater —->
It is an upscale modern center. You can get married there. P.S. It doesn’t stink like “waste”.
The Center has Solar panels on their roof!
Some State Utilities will be at the Summit this weekend. Electrician Unions (IBEW Local 46 and 191) have sponsored. The Dep’t of Commerce is also a sponsor. So is a trade group that my employer is a member of: Solar Installers of WA.
Another sponsor is WSU, which Inslee stated will work with DOC to develop a smart building program aimed at boosting the “energy performance of public and private buildings”.
The goal is to further clean energy in Washington. And personally I would like to see the money stay in-state rather than export our investment and incentives outside Washington.
Often that is what happens when Investors try and collect big chunks of state *Solar Incentive* money.
WA Dept of Commerce has its work cut out for it. What we do here might be different than the standard approach. The usual approach to Solar expansion is to raise the cap on payout to the owners of Solar arrays (systems). Investors also like the allowance for Third Party to own the panels and therefore receive ownership incentive$. This is a platform used to entice Solar leasing companies, aka Investors, to a state that wants a quick ramp-up of Solar.
The state wants to deploy for solar and the goal is consumer protection and advantage.
Rain + Solar = Rainbow (Brackett’s Landing North, Edmonds, WA
The Solar Consumer has it very good in WA. At the Solar Summit this weekend the group will be trying for more of that good stuff. No matter how much we squeeze down an ROI, the source of power is already free of charge.
The future is looking pretty bright for Solar here. Email me today for a free evaluation of your site! info@paigeheggie.com Thanks, Paige
This home uses Renewable Energy. Tied to the Grid.