Why Go Solar?

/Why Go Solar?
Why Go Solar?2019-01-31T02:55:06+00:00

There are lots of reasons for adding solar to your home or business;

  • lowering your energy costs
  • reducing your carbon foot print
  • having power where the utility isn’t available
  • mitigating carbon based taxes
  • generating your own power
  • increasing property value

Most commonly are the goals of having smaller electric bills and minimizing one’s impact on the environment. Here are some ways to recover the cost of going solar and its potential benefits.

Incentives

NOTICE     NOTICE     NOTICE     NOTICE     NOTICE     NOTICE

The Washington State Incentive Program is scheduled to come to a close on January 31st 2019. All individuals and businesses wanting to take part in the program need to pass a final electrical inspection by January 31st 2019 and to have an application for the incentive program submitted by February 14th 2019 to be accepted into the program.

The following link will take you to the Renewable Energy System Incentive Program website detailing the closure of the state incentive program.

http://www.energy.wsu.edu/RenewableEnergySystemIncentiveProgram.aspx

Feel free to contact us with any questions or concerns. The link above also has contact details for reaching out to the WSU Energy Program directly.

NOTICE     NOTICE     NOTICE     NOTICE     NOTICE     NOTICE

Washington State has some of the best incentives for Renewable Energy Production in the US. The current incentive package for adding Solar to your home or business was signed into law in July 2017. These incentives pay for every kilowatt produced for an 8 year period or up to 50% of the total cost of the system installed, whichever occurs first. The table below details incentive rates based on which year a system is installed & certified and whether the system is classified as Residential (12 kW or smaller) or Commercial (larger than 12kW).

Residential & Community Solar Rates per kW produced

Install and Certify by: Panels not Made in WA. Panels Made in WA. Incentive End Date
June, 30 2019 $0.14 $0.18 June, 30 2027
June, 30 2020 $0.12 $0.15 June 30, 2028
June, 30 2021 $0.10 $0.12 June 30, 2029

Commercial & Shared Commercial Rates per kW produced

Install and Certify by: Panels not Made in WA. Panels Made in WA. Incentive End Date
June, 30 2019 $0.04 $0.09 June, 30 2027
June, 30 2020 $0.02 $0.07 June 30, 2028
June, 30 2021 $0.02 $0.07 June 30, 2029

This means that the Utility Companies pay you for EVERY KILOWATT HOUR YOU PRODUCE, so the time to act and get your system paying you back is now!  PCI Renewables is a registered installer for both the leading Solar Panel Manufacturer in the US and the leading Solar Panel Manufacturers in Washington State providing you options. Couple the production incentives with the 30% Federal Tax Credit for the installed costs of the system and the sales tax exemption for renewable energy products, Solar PV Systems can pay you back within 10 years.

Federal Tax Credit

There is a Federal Tax Credit currently in place that will provide 30% of the cost of equipment and installation of a solar or small wind energy system to the purchaser of the system. This tax credit is available to both commercial and residential installations and will only be available for the next few years. Please see the following table to learn how long these tax credits will be available:

Residential & Community Solar Rates per kW produced

Date Installation is Completed Commercial Tax Credit Residential Tax Credit
Prior to Jan. 1st 2020 30% 30%
Prior to Jan. 1st 2021 26% 26%
Prior to Jan. 1st 2022 22% 22%
Jan 1st 2022 and after 10%   (22% for wind energy ending Dec. 31st 2022 ) Program Closed

If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.

Contact us for more information on incentives or visit:  www.dsireusa.org

Financing Available

We have developed a partnership with credit unions in Washington State that can help with financing Residential Solar Projects at low interest rates.

  • $0 to get started, you can finance 100% of the project cost.
  • Low interest rates, with most customers qualifying at 4.25% Maximum loan limit of $70,000.
  • You determine the loan term up to 180 months (15 years), with no prepayment penalty.
  • You may re-amortize the loan once at no cost. This is a great way to reduce the loan payments by paying down the loan using money from your federal tax credit, first year of production payments, or both.
  • This is NOT a home equity loan. The loan is secured against the solar equipment, not your home.

How is Solar Making an Environmental Difference?

We have installed over 900 kW of solar modules and are closing in on our first Megawatt!
According to the EPA’s Greenhouse Gas Equivalencies Calculator, the average daily amount of power produced from our installs is equivalent to:

3 Tons of CO2 Gas (Averted) Greenhouse Gas Emissions from Driving a Typical Car 6567 Miles CO2 Emissions from Using 301 Gallons of Gas Carbon Sequestered by 3.2 Acres of U.S. Forrest in 1 Year
USE THE EPA’s CALCULATOR >>

Click the link above and enter the number of kWh from your last electric bill.
Make sure to select “kilowatt-hours of electricity” from the ‘-choose a unit-‘ menu.
Select Calculate to see what impact your electrical use has and then give us a call to learn how solar may benefit you and the environment!

Let’s see How these Credits & Incentives make a difference with this Sample Home

This sample home is using 675kWh per month. Here is how going solar provides the benefits of reduced electrical bills and a decreased carbon footprint.

The combination of Federal Tax Credits and State Incentives may cover up to 80% of the installed cast of the system.

  • System size and cost: 4.8 kW System for $15,760.00
  • Average monthly Utility bill before adding solar: $66.17
  • Average monthly Utility bill after adding solar: $24.75
  • WA State incentive payments: $1,247.00 (8 years max)
  • First year’s rebates and incentives: $5,975.00
  • Time for system to pay for itself: 7.6 years
  • Property value increase: $10,235.00

Free Consultations

PCI Renewables uses state of the art solar site analysis tools and years of experience to evaluate your site for potential solar energy production.  We offer site investigations consultations and estimates.  All proposals provide you with estimates for any variety of system sizes and products you request, estimated production values based on site analysis and solar installation values and simple payback economic analysis.  All for free with no obligation!

Give us a call at (509) 838-2527 to get your consultation & estimate