Pacific Power: Sample Costs
for a Typical 4.72 kW Rooftop Solar System in the Corvallis Area
| Homeowner expenses with Seeds for the Sol assistance | incentives | running total | |
|---|---|---|---|
| Total System Cost – before incentives | ($14,500) | ||
| Energy Trust of Oregon Rebate, on average-more information… | $9,000 | ($5,500) | |
| Seeds for the Sol Processing Fee: $250 | ($5,750) | ||
| Federal Tax Credit: 26% | $1,495 | ($4,255) | |
| SfTS Sun Buddy 0% Loan | $4,255 | ($0) | |
- $0 = Upfront cost for YOU
- $50/month = Payback over 85 months (7.2 years)
- $550/year = Typical energy savings
- $4,255 = Out-of-pocket cost-after incentives
- $11,080 = 25 years life-time savings
Fine Print:
- System Cost: Estimated by the participating solar installers Abundant Solar and BE Solar for a 4.72 kW installation.
- Energy Trust of Oregon Rebate: Solar incentive calculated as 4.72 kW x $0.50/W = $2.36; For LMI customers: 4.72 kW x $1.50/W = $7.08 (see http://energytrust.org/renewable- energy/incentives/solar/Residential/SolarElectric).
- Federal tax credit: 26% of homeowner cost after the ETO rebate, returned with federal tax return.
- Sun Harvester: Homeowner that is assisted by Seeds for the Sol to have solar power system installed on their roof.
- Sun Buddy 0% Interest Loan: Sun Harvester pays SFTS back when their federal tax return arrives.
- Processing Fee: This fee covers administrative costs for Seeds for the Sol.