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"New incentives to go solar in Oregon"

Power companies will have to buy back your excess power at more than six times the current rate if you convert to a solar energy plan.

"New incentives to go solar in Oregon"

Solar Oregon Board Member Jeff Frieman

by KGW Staff
original article

 

New incentives to go solar begin Thursday in Oregon.

Power companies will have to buy back your excess power at more than six times the current rate if you convert to a solar energy plan.

The estimated monthly savings would nearly match a typical power bill and the State of Oregon will guarantee the new payback program from 15 years.

“If I'm matched to about 80 or 90 percent of what I consume, I'm going to be collecting income for that 15-year period, so I won't owe the utilities any money,” explained Jeff Friedman with Live Light Energy.

Start up costs for solar systems will generally cost the typical homeowner between $12,000 to $15,000. Financing that amount probably means the program will not pencil out.

Pacific Power offers an explanation of the program.

 
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