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.