Kennewick, Pasco and Richland have suddenly exploded with folks going solar withing the last several weeks due to the new solar bill. Tri-Cities has always had a steady customer base for us but slowed dramatically when the last solar incentive ended early as we sold out several years early due to it's popularity. There were many residents that were waiting to see if the new solar bill would pass so when it did they have begun signing up as they missed out on the last one. While not as robust as the last incentive this current one has the ability to pay for 50% of your solar system. Combine that with the 30% Federal incentive it becomes quite attractive as an investment. For businesses it is even better as they have accelerated depreciation available. Farmers have an even better advantage as they have all the incentives plus a 25% grant making the ROI absolutely stunning. So below is an explanation of the current incentive.
The new solar incentive program replaces the existing incentive program which had essentially served its purpose of launching an instate solar manufacturing and installation industry. For the early adopters who are currently part of the existing program, their incentive payments will continue through the original end date of 6-30-2020 and then end, with the payment rate per KWH fixed at the 2016 payment rate and additional money (tax credits) provided to utilities to make those payments.
(per kWh)Base Rate (Commercial and
(per kWh)Modules Made in WA
Residential Size: 1 through 12 KW (whether located at a residence or a business). Annual payment is capped at $5000 per year.