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Gov't Rebates & Incentives
30% Federal Tax Credit - For systems placed into service, receive a 30% tax credit on the installed cost of your solar electric or solar hot water system until December 31, 2016.
Washington State 5101 Program - The State of Washington, in an effort to promote renewable electricity generation, is purchasing solar generation at 15 cents/kWh
through the year 2020. If the inverter is manufactured in Washington state the $.15 is boosted to $.18/kWh. Solar modules made in WA earn $.36/kWh and if both models and inverter are made in WA you earn $.54/kWh.
Net Metering - All Solar electricity generated that is not used at time of generation will be fed back to the utility grid, so that your green power can be used by other people. During these times your utility meter will actually run backwards so that you are credited for this power. Your utility bill at the end of the month will be the difference of what you generated and consumed. For those summer months that you generate more than you consume, these "credits" will be forwarded to you the next month. Not only do you offset your electric bill by every solar kWh you generate, but you get the 5101 incentives for every single solar kWh, even the kWh that you use! |
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