{"id":6192,"date":"2017-08-21T14:47:47","date_gmt":"2017-08-21T14:47:47","guid":{"rendered":"https:\/\/www.portal.solar.com\/learn\/save-with-solar-in-washington\/"},"modified":"2022-11-11T00:03:41","modified_gmt":"2022-11-11T00:03:41","slug":"save-with-solar-in-washington","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/","title":{"rendered":"Save Big by Going Solar in Washington State"},"content":{"rendered":"<p><span style=\"background-color: transparent;\">Washington State recently announced major changes to their solar incentive programs that will go into effect this October. While some incentives have been discontinued, new incentives may make going solar an even more attractive opportunity for your home. We\u2019ve broken down this new status to show you exactly how much you can save by going solar.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">The incentives available include:<\/span><\/p>\n<ul>\n<li><span style=\"background-color: transparent;\">The Production Incentive &amp; Made in Washington Incentive<img style=\"width: 296px; margin: 0px 0px 10px 10px; float: right;\" title=\"Save with Solar in Washington\" src=\"https:\/\/assets.solar.com\/wp-content\/uploads\/solar-in-wa-no-_24007369_e608f97a162f7dc3b265b3dfab88a140d278fcd3.png\" alt=\"Save with Solar in Washington\" width=\"296\" data-constrained=\"true\" \/><\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Federal Solar Investment Tax Credit<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Net Energy Metering<\/span><\/li>\n<\/ul>\n<div>\n<h2>The Production Incentive &amp; Made in Washington Bonus<\/h2>\n<p><span style=\"font-weight: 400;\"> The Production Incentive is an annual payment based upon the total kilowatt hours (kWh) produced by a solar PV system to a maximum payment of $5,000 annually. Check this video to find out what is a kilowatt hour.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><iframe loading=\"lazy\" style=\"float: none; margin-left: auto; margin-right: auto; display: block;\" src=\"\/\/www.youtube.com\/embed\/mdSzZk3TwhE?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-service=\"youtube\"><\/iframe><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The incentive amount starts at $0.16 per kWh, and an additional incentive of $0.05\/kWh is offered for systems with modules manufactured in Washington. These incentive payments will continue for 8 years or until 50% of the gross system cost (including sales tax) is covered, whichever comes first.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our recent customer, David C., went solar with an 8 kW system that came to $29,151 with sales tax included. Because David\u2019s panels were made in Washington, he receives an incentive of $0.21\/kWh. His system produces around 10,000 kWh annually, bringing his production incentive to $2,100 per year until 50% of his gross system cost is met at $14,576.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Incentive rates are scheduled to decline $0.02\/kWh at the end of every fiscal year, which equates to around $1,600 over the course of the payments. The next rate drop occurs in June 2018, so be sure to carefully review your solar proposals before then! You can get more information on the incentive program and the rates in the coming years <\/span><a href=\"http:\/\/www.solarwa.org\/passage_of_the_solar_jobs_bill_a_win_for_washington\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><strong>Federal Investment Tax Credit<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Like homeowners all around the country, solar customers in Washington can benefit from the federal Investment Tax Credit (ITC), which is valued at 30% of the gross solar system cost. David received a tax credit of $8,745 thanks to the ITC, reducing the cost of his system to just over $20,000 before other incentives. After the Production Incentive, Made in WA bonus, and the ITC are considered, David\u2019s net system cost came in at $5,830 &#8211; just 20% of the gross system cost. <\/span><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Beginning in 2020, the ITC will begin declining &#8211; find all the details <\/span><a href=\"https:\/\/energy.gov\/savings\/business-energy-investment-tax-credit-itc\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/span><\/p>\n<h2><strong>Net Energy Metering<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">For many PV system owners, net energy metering (NEM) is one of the many ways to decrease the cost of electricity in the long run. <\/span><span style=\"font-weight: 400;\">With NEM, net excess energy production is sold back to the grid at the rate that the utility pays for its energy from wholesale electricity generators. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Net metering is a great way to capitalize on the production capability of your system, and can even reduce your energy bill to $0. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to NEM, David saved $1,080 on his electric bill last year, and annual savings are expected to increase as utility rates rise. These savings will surpass the net price he paid for his system in around 6 years. This is known as the Payback Period.\u00a0<\/span><\/p>\n<h2><strong>How Much Would You Save?<\/strong><strong><br \/>\n<\/strong><\/h2>\n<p><span style=\"background-color: transparent;\">\u00a0<span style=\"font-weight: 400;\">Thanks to the ITC and Washington\u2019s statewide incentives, David saved a whopping $25,291 on his solar system. When net metering and electric bill savings are considered, David will break even in around 6 years, and in 25 years he will have saved over $45,000 in utility costs thanks to his solar system. <\/span><\/span><\/p>\n<p><span style=\"background-color: transparent;\"><span style=\"font-weight: 400;\">These savings are some of the best in the country, and with the fantastic incentives available in Washington right now they could be possible for your home as well. Check out our <a href=\"https:\/\/www.solar.com\/\">calculator<\/a> to learn just how much you could save in Washington.<\/span><\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington State recently announced major changes to their solar incentive programs that will go into effect this October. While some incentives have been discontinued, new incentives may make going solar&#8230;<\/p>\n","protected":false},"author":35,"featured_media":6362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[90],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.5 (Yoast SEO v19.10) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Save Big by Going Solar in Washington State | Solar.com<\/title>\n<meta name=\"description\" content=\"Washington State recently announced changes to their solar incentive program. We broke down the new program to show you how much you can save by going solar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Save Big by Going Solar in Washington State\" \/>\n<meta property=\"og:description\" content=\"Washington State recently announced changes to their solar incentive program. We broke down the new program to show you how much you can save by going solar.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\" \/>\n<meta property=\"og:site_name\" content=\"Solar.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Solar.comOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-21T14:47:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-11T00:03:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.amazonaws.com\/solarassets\/wp-content\/uploads\/2019\/06\/pkms_blog_wsahingtonstate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"870\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kate Whitney\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kate Whitney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\"},\"author\":{\"name\":\"Kate Whitney\",\"@id\":\"https:\/\/www.solar.com\/learn\/#\/schema\/person\/45e0f8705f4287167b858eaf253f7fb8\"},\"headline\":\"Save Big by Going Solar in Washington State\",\"datePublished\":\"2017-08-21T14:47:47+00:00\",\"dateModified\":\"2022-11-11T00:03:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\"},\"wordCount\":603,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.solar.com\/learn\/#organization\"},\"articleSection\":[\"Solar Incentives by State\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\",\"url\":\"https:\/\/www.solar.com\/learn\/save-with-solar-in-washington\/\",\"name\":\"Save Big by Going Solar in Washington State | Solar.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.solar.com\/learn\/#website\"},\"datePublished\":\"2017-08-21T14:47:47+00:00\",\"dateModified\":\"2022-11-11T00:03:41+00:00\",\"description\":\"Washington State recently announced changes to their solar incentive program. 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