Buying a solar photovoltaic energy system is an investment in the future. Although buying a solar photovoltaic energy system may require an upfront payment, it can deliver significant energy cost savings for years to come. Currently, there are a good solar incentives available to Washington State residents that help offset the cost and make going solar more appealing. Below are a few of those:
Federal Tax Credit of 30% (Update: Set to expire December of 2019; The current bill extends the 30% Solar Investment Tax Credits for both residential and commercial projects through the end of 2019, and then drops the credit to 26% in 2020, and 22% in 2021 before dropping permanently to 10% for commercial projects and 0% for residential projects. In addition, the bill included language allowing owners who commence construction on their projects before the end of 2021 to claim the larger credit once their project is placed in service, as long as that project is placed in service before the end of 2023. Note: As I am sure most of us are aware, the Federal Tax Credit (Residential Renewable Energy Tax Credit) is vulnerable due to current political agendas.
No Sales Tax. Recently, the 100% Clean Electricity Act passed in 2019 by the Washington State Legislature eliminates sales tax for most residential solar energy systems. In most cases this is about a 10% savings depending upon the tax rate in your area. Likewise, there is sales tax incentives for some commercial solar energy systems.
Net-Metering (Currently there is no expiration, however, all good things do come to an end, eventually)