What financial incentives are available for solar PV systems?
Washington State and the federal government currently offer excellent financial incentives for solar PV systems. At the time of purchase customers in Washington pay no sales tax (currently exempt through June 2009) and receive a 30% federal income tax credit on the total cost of the system, including installation (authorized through December 2016). The $2,000 cap on the federal income tax credit has been eliminated as of the end of 2008. Some utilities also offer rebates on PV systems at the time of purchase (Clallam PUD offers $500 per installed kW). Several financial incentives also exist which boost the value of the electricity that is generated by the grid tied PV system. The first is called net metering. Washington State law requires all utilities to allow their customers to interconnect their renewable energy system to the grid (subject to connection rules) and receive credit for electricity generated at the same retail rate they charge their customers. In addition, once a year a
Washington State and the federal government currently offer excellent financial incentives for solar PV systems. At the time of purchase customers in Washington pay no sales tax (currently exempt through June 2013) and receive a 30% federal income tax credit on the total cost of the system, including installation (authorized through December 2016). Some utilities also offer rebates on PV systems at the time of purchase (Clallam PUD offers $500 per installed kW). Several financial incentives also exist which boost the value of the electricity that is generated by the grid tied PV system. The first is called net metering. Washington State law requires all utilities to allow their customers to interconnect their renewable energy system to the grid (subject to connection rules) and receive credit for electricity generated at the same retail rate they charge their customers. In addition, once a year a production incentive payment is paid to customers of participating facilities of 15 cents
Washington State and the federal government currently offer excellent financial incentives for solar PV systems. At the time of purchase customers in Washington pay no sales tax (currently exempt through June 2013) and receive a 30% federal income tax credit on the total cost of the system, including installation (authorized through December 2016). Some utilities also offer rebates on PV systems at the time of purchase. Several financial incentives also exist which boost the value of the electricity that is generated by the grid tied PV system. The first is called net metering. Washington State law requires all utilities to allow their customers to interconnect their renewable energy system to the grid (subject to connection rules) and receive credit for electricity generated at the same retail rate they charge their customers. In addition, once a year a production incentive payment is paid to customers of participating facilities of 15 cents or 54 cents per kWh for all electricity gen
