Solar in Washington
With Federal and State incentives and a lower utility bill, solar will pay for itself. Blossom Solar will provide a solar education and a custom quote so you can see how solar works for your particular home.
Solar is an investment with a positive return:
Federal Tax Credit
30% of the cost comes back to you in your taxes. Click here for a fact sheet from Solar Energy International on the solar tax credit.
You will receive a 30% tax credit off your federal income taxes on the total cost of your system.
The credit will be reduced in subsequent years: to 26% in 2020, and 22% in 2021.
In 2022 the Solar Tax Credit is suspected to end for Home Owners and reduce to 10% for Businesses.
Sales Tax Exemption
Pay no sales tax. The exemption covers all sales tax paid on the purchase and installation of solar energy systems that generate up to 100 kilowatts (kW) AC of electricity. Larger systems that generate between 101 and 500 kW AC can qualify for a 50% sales and use tax exemption beginning Jan. 1, 2020. For more information about the Washington State sales tax exemption click here.
Lower utility bills with Net Metering
Every bit of energy that the solar panels produce is energy you do not have to buy from your Utility. The other 70% of the cost of a system will come back through lower utility bills. When your system is paid off you are left with those lasting lower utility bills and will save a lot of money every year. Click here for more info on Net Metering from DSIRE.
Net Metering is an Agreement between you and your utility: Power you produce will offset power you consume.
Your Utility Bill will reflect the net amount of power you consume.
Every April you begin to accrue solar "credits" that continue to build through March 31st when the cycle resets.
Good simple financing is available through PSCCU, check out their Energy Smart Loan.
Click here - https://www.psccu.org/Borrow/Energy-Smart-Loans.aspx