Solar is an investment with a positive return
With Federal/State incentives and a lower utility bill, solar will pay for itself. Blossom Solar will provide you solar education and a custom quote so you can see how solar works for your own home.
Federal Tax Credit
Click here for a fact sheet from Solar Energy International on the solar tax credit this year.
You can receive a 26% tax credit off of your federal income taxes on the total cost of your system.
The federal tax credit will be reduced to 22% in 2023.
Sales Tax Exemption
This exemption covers all sales tax paid on the purchase and installation of solar energy systems that generate up to 100 kilowatts (kW) AC of electricity. Larger systems that generate between 101 and 500 kW AC can qualify for a 50% sales and use tax exemption beginning Jan. 1, 2020. For more information about the Washington State sales tax exemption click here.
Lower utility bills with Net Metering
Every bit of energy that the solar panels produce is energy you do not have to buy from your utility. The other 70% of the cost of a system will come back through lower utility bills. When your system is paid off you are left with those lasting lower utility bills and will save a lot of money every year.
Click here for more info on Net Metering from DSIRE.
Net Metering is an Agreement between you and your utility: Power you produce will offset power you consume.
Your Utility Bill will reflect the net amount of power you consume.
Every April you begin to accrue solar "credits" that continue to build through March 31st when the cycle resets.
Good simple financing is available through Verity Credit Union and psccu, check out their solar energy loans.
Click here - Verity Credit Union
Click here- PSCCU