Is now the time to install solar panels in Oregon?

Tax incentives for solar panels in Oregon may not go beyond 2017

Len Bicknell walks from his house to his garage where his solar energy panels are mounted on the roof. (AP Photo/Stephan Savoia, File)

PORTLAND, Ore. (KOIN) — Should you install solar panels on your home?

According to Stephanie Swanson with Enhabit Portland, the answer is yes.

That’s because she says right now there are generous state tax credits, federal government credits and tax credits from the Energy Trust of Oregon.

“A $20,000-$30,000 system ends up being more like $3,000-$3,500 out of pocket,” Swanson said. “Investment in solar today is not only a good decision to bring your cost down today, it’s also a hedge to future increases and energy costs.”

Swanson said Oregon homeowners who pay about $100 in electricity every month could see their costs cut in half if they decide to install solar panels.

Sid Smith recently installed the panels on his Sellwood home.

“It took them maybe a few days to install 14 panels and another day to hook it up to the electrical panel,” he said. “PGE 15 minutes to put in a new meter… very fast.”

And Portland is actually described as a perfect place for solar energy. Mild temperatures are ideal because if the panels get too hot, they become less efficient.

The Oregon legislature will decide whether tax incentives will go beyond 2017.

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