Energy Trust of Oregon Raises Business Cash Grant Incentives for Commercial Solar
There’s great solar incentive news for Oregon businesses in Portland General Electric (PGE) and Pacific Power service areas: Energy Trust of Oregon (ETO) has raised its upfront solar electric incentive.
For most commercial solar installations, the increased Energy Trust grant means that the upfront cost of a solar photovoltaic (PV) system will be reduced by over 1/3. Additionally, that lower price means that Oregon businesses will see a payback in less than 5 years through reduced utility costs, Federal tax credits, and other tax incentives.
The larger Energy Trust of Oregon incentive is also significant in that it reduces the payback period, which is now shorter than Oregon’s recently expired Business Energy Tax Credit (BETC) and the Oregon feed-in tariff (FIT) programs. Plus, unlike the restrictions in the Oregon FIT, solar electric system sizes can vary under the ETO program, allowing REC Solar to design a commercial solar PV system that’s more optimized for the businesses’ actual power usage.
However, the higher Energy Trust commercial solar incentive is only temporary and is granted on a first-come, first served basis. So, if you’ve been considering a solar electric system for your business, or want to see how installing solar can impact your bottom line, now’s the time to get a free solar estimate from REC Solar.
As an Energy Trust trade ally, REC Solar provides free estimates for both small businesses and large companies in PGE and Pacific Power service areas. Contact us before the new incentive level runs out.