See The 2024 Oregon Tax Incentives for Solar
If you’ve been keeping an eye on the energy news in Oregon, you may have heard about the upcoming rate hikes from PGE to take effect in 2024 sourced by KATU.
Why does this matter? It’s just one increase…
Imagine you have a tiny snowball, and every day it rolls down a snowy hill, picking up more snow and getting bigger and bigger.
In the same way, if you spend a little bit more money than you should every day, that extra spending grows bigger and bigger over time, like the snowball.
So, let’s see how you can keep that piggy bank full against the rising rates.
Portland General Electric (PGE) customers in Oregon will face a substantial rate increase of approximately 17.2% rise in monthly bills beginning in January 2024.
Initially, PGE sought a 14% rate hike, but they changed their mind!
*Note: Despite concerns from customers and advocates at a public comment meeting in May, the Public Utility Commission approved the increase.
You might be wondering how to afford the installation of solar panels?
The good news is that the State of Oregon and Federal Government offers financial incentives and tax credits to promote the adoption of solar power.
Tax Deductions, Solar Rebates & Solar Grants are available if you qualify.
Modern solar panels have an impressively long lifespan, often exceeding 25 years. Once installed, they require minimal maintenance, and the sunlight used for electricity generation is entirely free.
This reliable, long-term energy source can shield you from the relentless rise in electricity prices over the years.
As energy costs continue to climb, the savings from your solar panels become even more substantial, resulting in significant long-term financial benefits.
Unless power companies grow a huge heart in future, you can count on prices to always go up. (faster than our pay stubs do)
Now is an opportune time to explore solar power.
We recommend reaching out to a local company like Pure Energy Group to learn more about solar energy, installation costs, and to take full advantage of all the available tax credit options.
Worried you’ll get sold on it? Not with us. Reach out to myself (Matthew) or co-owner Jordan for a no-pressure conversation.