Washington solar incentives and rebates

A LITTLE HELP TO GO GREEN IN THE EVERGREEN STATE

Go solar and save thousands

Now is the time to go solar in Washington. Growing adoption of solar and advancements in technology means that equipment prices have dropped to record levels.

Wondering how solar could work with our climate? Great question! Learn about solar in the Pacific Northwest.

These incentives won’t be around forever, so contact us or give us a call at (206) 707-9937 to start your journey to clean, limitless energy!

Reasons to go solar today

Here are some of the financial reasons why homeowners and business owners should consider installing solar energy systems.

TAX CREDIT

The Federal Income Tax Credit is valued at 30 percent of your total solar system cost. A tax credit is a dollar-for-dollar reduction of the income tax you owe. If you can’t use the full value in one year, you can roll over the remainder to next year. You should check with a tax adviser to make sure you can claim the entire value. This incentive reduces from 30 percent to 26 percent in 2020 and 22 percent in 2021

OWN YOUR POWER

Net metering is a contract that you sign with your utility that allows you to trade your power with them at retail rates. You get credit on your bill for your excess Kilowatt Hours (kWh) when your system is producing more than you consume. At night or when your system isn’t producing, you buy power from the utility like you do now. Typically in Washington State we produce vastly more than we consume during the summer and build up big credits. Then during the less-sunny winters we use the accumulated credits.

INCREASED RESALE VALUE

Recent studies show people are willing to pay a $15,000 premium for a home with solar: https://www.energy.gov/eere/solar/downloads/solar-homes-sell-premium.

LOW RISK

Solar is an investment with very little risk.  Markets are very volatile, and putting your money into solar panel can pay dividends better than most stocks.

RISING ELECTRICITY COSTS

Solar is protection against rising energy costs. Electricity rates go up by 4-6 percent each year and utilities are rolling out smart meters to enable Time of Use pricing tiers.

OUR PRODUCTION GUARANTEE

A&R Solar has an industry leading 110% performance guarantee. That means your system performs how we say it will, or we will refund you 110% of the value of the missed production.

25-YEAR WARRANTIES

Panel manufacturers’ warranties last 25 years or more, and most panels will perform long after that. That means free electricity for decades.

LOW-INTEREST LOANS FROM TRUSTED LENDERS

Low-interest loan payments from Washington credit unions and banks make going solar even easier.

BACKUP POWER AND THE ITC

If you add a battery backup to your solar system, it also qualifies for the Federal Income Tax Credit of 30 percent.

Washington’s Solar Potential

Think solar doesn’t make sense in Washington?Check out how many Washington homes and businesses have the potential to go solar. Better yet–all of that solar would mean a significant reduction in CO2 emissions, according to Google’s Project Sunroof.

For your business

Additional programs are available for businesses to install solar.

MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS)

MACRS is an accelerated tax depreciation schedule in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation. Qualifying solar energy equipment is eligible for a cost recovery period of five years. This incentive is typically only available for businesses and rental properties.

RURAL ENERGY FOR AMERICA PROGRAM (REAP)

REAP provides grants and loans to farmers and rural small businesses to help purchase renewable energy systems and make energy efficiency improvements. The program pays up to 25 percent of the project.

GRANTS FOR SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS

Our team maintains a list of active grant programs that may be able to help your non-profit organization or small business go solar. For more information, visit our grants page.

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DAVID, TENINO

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Take advantage of our free consultation so we can provide the answers you need to make an informed decision.