Big Savings with EcoSolar and Electric
EcoSolar and Electric is the Klamath Basin’s only full-service electrical contractor specializing in solar installations. With nearly a decade of solar installation experience backing our company, we take extreme pride in each and every one of our installations, large or small. From mid-size commercial, non-profit and agricultural installations to small-scale residential systems, we rise to the occasion and strive to provide the highest quality workmanship and products at the most affordable rates we can. Grant writing services are available for qualified commercial, agricultural and non-profit customers, which can substantially off-set the cost of installing solar for many businesses. Keep in mind, when compared to many states across the country, Oregon has some of the highest cash incentives and tax credits available for those customers who are interested in “going solar.”
Tax Credits vs. Cash Incentives
Many customers are initially confused as to the difference between the tax credits and cash incentives that are available. Please read below for a brief explanation of both tax credits and cash incentives:
Tax Credits vs. Cash Incentives
Many customers are initially confused as to the difference between the tax credits and cash incentives that are available. Please read below for a brief explanation of both tax credits and cash incentives:
State and Federal Tax Credits:State and Federal tax credits reduce a person's income tax liability on a dollar-for-dollar basis and are claimed on your State and Federal income tax returns. The tax credits for solar are “non-deductible,” meaning they can reduce your tax liability to zero. Please note that you must have a tax liability to take advantage of the State and Federal tax credits. Residential solar customers are eligible for both a State and Federal tax credit, while commercial customers are only eligible for a Federal tax credit.
|
Cash Incentives:Energy Trust of Oregon cash incentives are available to customers of Pacific Power in Southern Oregon. Energy Trust of Oregon incentives are subtracted from a customer’s total (gross) project cost and paid directly to the Trade Ally contractor, thereby decreasing one’s out-of-pocket expense for solar.
|
Now Is the Time to Invest in Solar
At EcoSolar and Electric we understand that making the choice to “go solar” is an investment. That said, few investments will essentially pay for themselves each month, like installing a solar photovoltaic system will. Our customers’ electricity bills are either substantially decreased or virtually eliminated by installing solar on their homes and/or businesses, making the decision to invest in solar a clear one.
Some of our customers borrow from their personal savings to finance their project, while many other customers opt to coordinate with the banking institutions with which they do business to generate a solution. Locally, there are credit unions and banks that offer specific loan programs that are aimed towards customers who are interested in financing renewable energy systems for their homes and/or businesses. We also offer a third-party financing option to our customers that has appealing terms and offers a nearly instant response in terms of loan approval.
Please contact our office directly if you are interested in exploring financing as an option.
Some of our customers borrow from their personal savings to finance their project, while many other customers opt to coordinate with the banking institutions with which they do business to generate a solution. Locally, there are credit unions and banks that offer specific loan programs that are aimed towards customers who are interested in financing renewable energy systems for their homes and/or businesses. We also offer a third-party financing option to our customers that has appealing terms and offers a nearly instant response in terms of loan approval.
Please contact our office directly if you are interested in exploring financing as an option.
