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Oregon Solar Power Can Save You Money
Many residents of Oregon are not aware how much money is really spent on their home energy use each year. In fact, the price of electricity has increased over 10% from 2010 to 2011 and over 27% since 2003 (based on PGE rates). In addition, on January 1, 2011, electricity rates increased significantly for Oregon households: Pacific Power rates increased by 14.5% and Portland General Electric rates by 4.2%. PGE also added a “Renewable Resource Adjustment” to ratepayers’ bills which is set at 0.22 cents per kWh, or approximately $2.13 extra per month, for an average household. Ironically, critics believe that these rate increases will be the norm over the next fifteen years as utilities work to comply with state renewable energy requirements.
Specifically, in 2007, Oregon adopted a Renewable Energy Standard, requiring the largest utilities in Oregon to provide 25 percent of their retail sales of electricity from newer, clean, renewable sources of energy by 2025. And in 2009, Oregon enacted additional laws requiring 25 megawatts of new solar electric systems from homes and small-scale commercial systems within five years and also required the two largest electric utilities in Oregon to develop or purchase the equivalent of 20 megawatts of solar power annually within a decade.
While critics blame these laws for the increases in electricity, they also miss a larger point. Renewable energy, such as solar power, (1) can lessen the demand on major utilities as consumers are now generating their own electricity and (2) can eventually help stabilize and even lower electricity prices over the long term as result of such reduced demand. In addition, as traditional utility sources are increasingly reliant on fossil fuels to produce electricity, electricity prices are correspondingly susceptible to increased prices due to spikes in demand for fossil fuels such as oil, coal and natural gas as a result of global events. So by promoting renewable energy and investing in technologies such as Oregon solar, Oregon residents can begin to insulate themselves from these potential spikes in their electric bill. In this process, they can also substantially lower their electric bill with OR solar power and promote clean energy sources that can help reduce environmental damage as a result of burning fossil fuels.
Home Solar Financing
While many Oregon residents may be excited at the prospect of investing in solar panels for the home, since the average residential solar system can cost between $15,000-25,000 after rebates and incentives, this may represent too large of an upfront investment for most people. Not too worry…our OR solar installation partners recognize this and have developed a number of solar financing options to help residents invest in solar power without having to come up with such a large up-front payment. Whether it is a great interest rate on a home equity loan, a solar lease, or a power purchase agreement, there are plenty of options for consumers to consider making solar in Oregon a reality. So even if you do not think you can afford the cost of solar up front, make sure you still talk to OR solar companies who educate you on all available solar financing options.
Home Solar Benefits
The benefits of home solar power are numerous, especially when it comes to saving money. Solar panel owners no longer pay utility companies thousands of dollars each year because a home solar system can lower electric bills by 70% or more. And now, with current government rebates and incentives, solar roofs and shingles cost homeowners only about half as much. Many solar companies in Oregon have fantastic financing programs that can require as little as $0 down. By installing solar you can not only increase your home value by $20,000-40,000 but also protect yourself from ever rising electricity costs. In a little as a minute, you can fill out the solar quote request above and begin receiving free estimates from qualified OR solar installers today!
Hiring the right solar energy installer is essential to a hassle-free, efficient home solar installation. OR solar panels are a large investment, not only for your wallet, but for your property. Make a payment now to ensure large future returns. To ensure that your system runs optimally, you’ll need to hire a certified and experienced solar professional who can guide you through every step of the solar installation process – from low interest finance options to maintenance – and help you avoid the common mistakes that people make when going solar. All of our solar installation partners are highly qualified, Oregon solar energy professionals. When you get a quote through Solar-Power-Oregon.org, rest assured that you are getting a residential solar quote from some of the most reputable solar installers in Oregon.