Solar Electric

Energy Trust Cash Incentives

Solar electric incentives vary based on system size and electric utility. Incentives can be used for a single system or for multiple systems spread across multiple sites. Incentives for multiple systems or sites are based on the total rated capacity of all the systems being installed for any one customer in the same calendar year. For customers of Portland General Electric, incentives are capped at total capacity of 800 kilowatts. For Pacific Power customers, incentives are capped at total capacity of 200 kilowatts.

Lookup your incentive based on system size. Estimate the financial benefits a solar system may provide.

*The maximum incentive for a single site is limited to $500,000. Multiple system/site installations are eligible for a maximum incentive of $600,000.

Solar electric incentives are limited and are subject to change.

Systems owned by a third-party are eligible for the incentives described above. See the Third Party Ownership tab for more information.

For all solar electric systems receiving Energy Trust incentives, the system owner will own the green tags during the first five years of operation. Energy Trust will own green tags during years six through twenty.

Tax Credits, Grants and Loan Guarantees

State and federal tax credits, grants, and loan guarantees can play an important role in making solar projects financially viable. Be sure to investigate the Oregon Business Energy Tax Credit and the Federal Business Energy Investment Tax Credit. Not all tax credits and benefits are available to all entities.

• Oregon: tax credit equal to 50 percent of eligible project cost, claimed over five years (10 percent per year)
• Federal: tax credit equal to 30 percent of eligible project cost, plus 5-year accelerated depreciation (Modified Accelerated Cost Recovery System)

Some tax credits require pre-authorization. For instance, spending money on a project prior to pre-authorization can jeopardize eligibility for Oregon’s Business Energy Tax Credit.

Consult your tax professional to learn how tax credits and rules apply to your project. This information does not constitute tax advice and cannot be used to avoid tax penalties. Read more about these opportunities.

• You must be an Oregon customer of Portland General Electric or Pacific Power.
• Solar electric systems must be grid-tied.
• Systems must be installed by an approved Energy Trust solar trade ally contractor.
• Incentive applications must be pre-approved by Energy Trust prior to installation.
• All system components must be new.
• Large commercial electricity users who “self-direct” the renewable energy portion of their public purpose charge may receive a reduced incentive. Learn more about self-direction in our Self-direction FAQ.

A solar system is a major investment. Like any investment, going solar will require research, planning and a financial commitment. The steps below will get you started on the path to generating your own clean energy.

1. Consider your budget, electricity costs, roof life, roof area and sun exposure.
2. Get bids from several solar trade ally contractors.
3. Find project financing, if necessary. GreenStreet Lending offers preferred rates, no closing costs and no loan fees.
4. Select a contractor.
5. Apply for your Oregon Business Energy Tax Credit before starting your project. Your contractor will provide the form and assist you.
6. Apply for your Energy Trust incentive before starting your project. Your contractor will provide the form and assist you.
7. Sign a net-metering agreement with your electric utility if system is net-metered. Your contractor will help you obtain the form.
8. Wait as your contractor installs your system.
9. After Energy Trust verifies the installation, receive your incentive check from Energy Trust.
10. Apply for final certification of your Oregon Business Energy Tax Credit after your system is operational.
11. Claim your state and federal tax credits, if applicable.
    • Submit the Business Energy Tax Credit certificate you received from Oregon Department of Energy with your state tax return.
    • Submit the IRS Business Energy Investment Tax Credit Form 3468 with your federal tax return.

All required forms will be supplied by your contractor. You can preview the forms below:

Direct Ownership (site owner owns the system)

• Energy Trust Incentive Application (Form 220C)

Third-Party Ownership (site owner hosts a system owned by a third party)

• Energy Trust Incentive Application (Form 220T)

Have questions? Call us at 1.866.368.7878.

• Interactive calculator to estimate the financial benefits a solar system may provide.
• Incentive Estimator
• Solar Photo Gallery
• Green Tag FAQ
• Solar trade ally contractors
• GreenStreet Lending
• Third-party ownership FAQ
• Tax credits, grants and loan guarantees

You may have the option to contract with a third-party system owner to install, own and operate a solar electric system on your property. You would likely agree to purchase the electricity generated by the system from the third party. Typically the third-party company you choose to work with will provide a turn-key installation. The amount of initial cost, if any, to your organization depends on the investment and ownership model offered by the third party. The financial incentives will be claimed by the third-party owner of the system. Third-party ownership FAQ.

To participate:

1. Select a third-party company and sign an agreement with them.
2. Sign an Energy Trust incentive application (Form 220T) with the third-party system owner and submit to Energy Trust.
3. After Energy Trust pre-approves your application, the third party oversees installation of the system.
4. After the installation passes code and Energy Trust inspections, Energy Trust pays the incentive amount to the third-party owner or its designated payee.
5. The third-party owner will claim all other applicable incentives, including any state and federal tax incentives.