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Solar rebates

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Solar Photovoltaic » Consumers Power Inc. Only purchases made between January 1, 2014 and December 31, 2014 qualify. Energy from the sun can be directly converted to electricity using solar cells, also known as photovoltaics or PVs. Today's solar electric systems have 20 to 25 year warranties, are pollution free and can be used to offset your utility power or as stand-alone power for remote applications. The down side to this technology is that it costs three to five times more than utility power. CPI has developed an incentive program for those wishing to harness power from the sun. Please click here to download the solar rebate application form. Customers who install a residential PV system may also be eligible for our net metering program where you can sell power you don't use back to us. ENERGY STAR. ODOE: Residential Customers Residential Energy Tax Credits. Oregon Residential Energy Tax Credit. Homeowners, renters and third-party owners who pay Oregon income taxes are eligible for the Residential Energy Tax Credit (RETC) if they purchase premium-efficiency heating systems, duct systems, premium efficiency wood and pellet stoves, geothermal space heating, premium efficiency water heaters, solar water and space heating systems, photovoltaic systems, wind systems, fuel cells, or alternative fuel vehicle infrastructure.

Third-party owned systems are eligible for the tax credit, though specific requirements detailed in the administrative rules must be met. Renewable Energy Incentives Photovoltaic (PV) systems installed on or after January 1, 2014 are eligible for $1.90 per peak watt (W) with a maximum limit of $6,000, up to 50% of the net cost. The net cost is calculated after taking any state incentives. The amount claimed in any one tax year may not exceed $1,500 or the taxpayer's tax liability, whichever is less. Unused credits may be carried forward for five years. Federal Business Energy Investment Tax Credit (ITC) The federal business energy investment tax credit available under 26 USC § 48 was expanded significantly by the Energy Improvement and Extension Act of 2008 (H.R. 1424), enacted in October 2008.

This law extended the duration -- by eight years -- of the existing credits for solar energy, fuel cells and microturbines; increased the credit amount for fuel cells; established new credits for small wind-energy systems, geothermal heat pumps, and combined heat and power (CHP) systems; allowed utilities to use the credits; and allowed taxpayers to take the credit against the alternative minimum tax (AMT), subject to certain limitations. The credit was further expanded by the American Recovery and Reinvestment Act of 2009, enacted in February 2009. In general, the following credits are available for eligible systems placed in service on or before December 31, 2016*: Solar. The credit is equal to 30% of expenditures, with no maximum credit. Solar_techs.pdf. ODOE: Business Energy Incentives.