Solar panels Portland, OR:

Prices, incentives and best companies 2021

Avg Portland cost:

$10,013 - $12,238*

Avg 25 year savings:

$16,289 - $19,909

Avg payback period:

10.5 - 12.9 years

Estimate cost and savings based on your location and power usage

* Cost data based on quotes for fully-installed solar panel systems submitted on our platform. Prices are shown after applying the 26% federal tax credit.

Guide to solar panels in Portland, OR (2021)

Updated August 19, 2020

Portland is an excellent place to go solar. You’re probably using Portland Gas and Electric (PGE) as your utility. PGE's net metering incentive helps make solar a great investment in Portland.

The most significant incentive to install solar panels in Portland is the 26% federal tax credit. However, the tax credit is set to step down to 22% at the end of 2020. This means in order to maximize your savings potential, the best time to go solar in Portland is now. 

Another key incentive for going solar in Portland is the Energy Trust of Oregon's solar rebate, which helps cut downt he upfront costs of solar. By entering your address into our solar panel calculator, you can see what other local incentives are available in your area. 

On this page:

Current cost of solar panels in Portland

Showing data for:

Prices based on a 6.3kW system, after 26% federal tax credit

Solar prices near you

Cost range of local prices

$10,013-$12,238

Net profit (savings less system cost)

$16,289-$19,909

Payback period

10.5-12.9 years

Recommended size for the selected utility bill

6.3kW

Solar panel cost calculator

Best 10 solar installers in Portland, OR

 

Portland solar panel cost & savings calculator

Current solar incentives and tax credits available in Portland, OR

Energy Trust of Oregon solar rebate

As customers of PGE, Portland residents are able to take advantage of the Energy Trust of Oregon's solar rebate. Through this program, homeowners will be able to recieve $0.30 per watt of solar they install, up to $2,400.  

Oregon Solar + Storage rebate program

The Oregon Department of Energy (DOE) recently opened a new rebate program that will cut down the costs of installing solar even further. For Portland homeowners who also use the Energy Trust of Oregon's rebate, the DOE rebate is equal to $0.20 per watt installed, up to $5,000. 

You can recieve an even larger rebate if you pair your solar panels with solar battery storage. You can read more about this program, and how much you qualify for here

 

The 26% federal solar tax credit explained

The federal solar tax credit is equal to 26% of the total cost of installing solar panels on your home. The amount of the tax credit is then deducted from your federal taxes. You can claim the credit over several years if the amount you owe in taxes is less than the amount of your tax credit. You can only take advantage of the federal tax credit if you pay federal income taxes.

Keep in mind that the federal solar tax credit is set to step down at the end of 2022, falling from 26% of costs to just 22%. So, the best time to go solar is now, so you can maximize your solar savings.

How much will solar panels on my home save me?

The answer to this question depends on your electricity usage. Generally speaking, the higher your power usage, the greater your potential savings are from installing solar.

The average monthly electricity usage in Oregon is about 907 kWh per month. However, you are most likely using a lot more than this since this average includes small apartments and condos.

The Portland solar panel savings calculator uses our database of electric rates from local utilities to convert your monthly power bill into how much electricity your home uses. From there, the calculator can work out how many solar panels you need to offset your power usage, how much a solar system will cost based on prices of local solar companies, and the amount of money you will save on your electric bill.

Cost and savings for a 11.1 kW average-sized solar system in Portland

Cost per watt range

$2.39 - $2.92

Net cost of system

$20,839

Average payback

8.4 - 10.3 years

Annual power production

14,975 kWh

Levelized cost of solar energy

6¢ /kWh

If you don't get solar

21¢ /kWh

(forecast avg Oregon electric rates over the next 25 years)

Average solar savings on this system over the next 25 years

$48,943

(Savings shown after repayments of capital)

Related topics:

Are solar panels worth it in Portland

Solar panels have fallen in price by more than 80% in the last ten years. In 2021 they also remain subsidized by the 26% federal tax credit and the net metering law making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.

Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.

Going solar in OR

Check out all of the ways energy providers of can help you be more energy efficient and save money.

Table 2: Available incentive programs
Eligibility: Federal incentive
Type: Personal Tax Credit
Eligibility: State incentive
Type: Rebate Program

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Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.

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