Costs
While Solarize Northwest is not a tax consultant, we can provide you with some basic mathematics around the costs associated with solarization. These costs are estimates only. Solarization does not provide tax advice and takes no responsibility for the accuracy of these numbers. Both tax credits require you to have the tax liability to take the credit. While $5.70 is the rock bottom price for this project, you will likely need to pay slightly more based on the needs of your site. A price of $6 has been used for this analysis.
| CASH INCENTIVES and TAX CREDITS |
Total watts installed
|
2000 |
3000 |
4000 |
5000 |
ETO Incentive per watt with PGE
|
$1.75 |
$1.75 |
$1.75 |
$1.75 |
ETO Cash Incentive
|
$3,500 |
$5,250 |
$7,000 |
$8,750 |
|
|
|
|
|
$2.10 per DC watt state credit
|
$2.10 |
$2.10 |
$2.10 |
$2.10 |
Max for state credit
|
$6,000 |
$6,000 |
$6,000 |
$6,000 |
|
|
|
|
|
Federal credit
|
30% |
30% |
30% |
30% |
| COSTS |
Solarize Northwest cost per watt
|
$6 |
$6 |
$6 |
$6 |
Installed price
|
$12,000 |
$18,000 |
$24,000 |
$30,000 |
Minus ETO
|
$3,500 |
$5,250 |
$7,000 |
$8,750 |
Subtotal
|
$8,500 |
$12,750 |
$17,000 |
$21,250 |
|
|
|
|
|
Minus state credit
|
$4,200 |
$6,000.00 |
$6,000 |
$6,000 |
Minus federal credit
|
$2,550 |
$3,825 |
$5,100 |
$6,375 |
FINAL COST AFTER 4 YEARS
|
$1,750 |
$2,925 |
$5,900 |
$8,875 |
