Residential Incentives & Financing
Save Money with Federal and State Incentives
Solar Incentives, Tax Credits, and Financing Options for Homeowners Like You
Investing in solar for your home can significantly reduce overall energy costs, and incentives can help! Taking advantage of solar incentives has always been challenging. True South Solar will cut the red tape and help you every step of the way.Â
Not all solar companies are the same. Many solar companies won’t take the time to gather available incentives, which can significantly increase the cost of your solar. Ask about your incentives!
Residential solar incentives at a glance:Â
- Solar Investment Tax CreditÂ
- Energy Trust of OregonÂ
- Oregon Department of Energy (ODOE)
- City of Ashland
Homeowners who install solar and energy storage are eligible for a 30% tax credit on their storage and solar electric system through 2033. The tax credit is a dollar-for-dollar reduction in the income tax you would otherwise owe. To ensure eligibility, talk with your tax adviser.
Energy Trust of Oregon (Pacific Power)
Pacific Power customers can access various solar and storage incentives through the Energy Trust of Oregon. Incentive amounts are constantly changing based on the demands in the market and the availability of funds. Our team will determine which incentives you may be eligible for and apply for you.
Oregon Department of Energy (ODOE)
The Solar + Storage Rebate Program offers rebates for solar and storage projects. Oregon homeowners can receive a rebate of up to $5,000 for a solar electric system and up to $2,500 for an energy storage system. Rebates are issued to ODOE-approved contractors who install the system. The savings will be taken off the total cost of the system. The program expands access to renewable energy to Oregonians with lower incomes. If your household is considered low- or moderate-income, you could receive a rebate worth up to 60 percent of the cost of your system.Â
Oregon Department of Energy (ODOE)
The Solar + Storage Rebate Program normally offers rebates for solar and storage projects. However, funding has run out for this program and it is not expected to return until the Oregon State Legislature meets again in early 2025.
City of Ashland Rebate
City of Ashland customers can access the Solar Electric (PV) Incentive Program. This program encourages Ashland residents to install solar. The incentive for going solar is $600 dollars, paid directly to the customer after inspection.
Financing
True South Solar can help you secure these important incentives and then set you up with a $0 down loan with a low monthly payment. Just give us a call and we’d be happy to walk you through the process! Our clients love being able to pay themselves instead of the utility company! Financing is a great option if you want to own your solar system but don’t have the immediate funds for a cash purchase.
When you meet with one of our Solar Advisors, we will step you through the simple process of designing the right energy system for your home. Our team works hard to create an option for you that meets your goal of going solar affordably. When you are finished with your payments, the energy you create is yours! No more crazy expensive utility bills!