Consumer Power: Sample Costs for a Typical 4.7 kW Rooftop Solar System in the Corvallis Area
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Attention: 2018 sample cost not yet available
Homeowner expenses with Seeds for the Sol assistance | incentives | running total | |
---|---|---|---|
Total System Cost – before incentives | ($14,500) | ||
SfTS Sun Buddy 0% Loan | $4,200 | ($9,800) | |
SfTS Pass Through Partner Agreement | unavailable | ||
Initial Cost Sun Harvester | ($4,400) | ||
Seeds for the Sol Processing Fee | ($150) | ||
Homeowner out-of-pocket cost-after incentives | ($4,550) |
Homeowner with no assistance | incentives | running total | |
---|---|---|---|
Total System Cost – before incentives | ($14,500) | ||
Federal Tax Credit | $4,200 | ($9,800) | |
Oregon State Tax Credit | unavailable | ||
Homeowner out-of-pocket cost-after four years | $1,500 | ($3,800) |
System Cost: Estimated by the participating solar installers Abundant Solar and BE Solar for a 4.72 kW installation.
Federal tax credit: 30% of homeowner cost after the ETO rebate, returned with federal tax return.
State tax credit: $6,000 maximum or 50% of system cost, returned in maximum increments of $1,500 over a minimum of 4 years.
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.
Pass Through Partner Agreement: Sun Harvester agrees to sell their state tax credit at 90% of its value. On a 4.7 kW system the Pass Through Partner pays the Sun Harvester $5,400 at closing. At this point, the Oregon Dept. of Energy recognizes the Pass Through Partner as the owner of the $6,000 state tax credit.
Processing Fee: This fee covers administrative costs for Seeds for the Sol.