There's never been a better time to go solar.
The landscape of choices and benefits for electing to go solar continues to evolve rapidly. With solid, time-tested technology available and unprecedented federal and state incentives in place, the best time to go solar is now!
Federal tax credit of 30% of installed cost
You receive this credit off of your bottom line taxes owed.
Full incentive until 2019, then drops to 10%
Washington State production incentive
You receive $.15 to $.54 per kWh through June, 2020 up to $5,000 yearly for all electricity that you generate (whether you use it or not). The higher rate applies for equipment made in Washington and we have the largest solar manufacturer in the state right here in Bellingham. The value of this incentive depends on the date of your installation with earlier installs having a much higher benefit and later ones gradually decreasing in value.
Expires June, 2020
no sales tax on equipment and installation
You will pay no tax on most systems.
Expires in 2018.
You receive a five-year accelerated depreciation for all commercial installations from the IRS.
This is your savings for generating your own electricity and not having to buy it from the utility. The value increases over time as electricity rates go up.
increased home and building value
You can expect to see your home value increase by twenty times your annual electricity savings (for example, if you save $1,000 a year in electricity, your home will be worth $20,000 more). This is because a new owner will have roughly the same monthly out of pocket costs but they will be distributed differently (the mortgage will be more, their power bill less). Additionally, your home will have greater emotional appeal to buyers, because it will be more sustainable and less “on the grid” than traditional homes.