For systems put "into service" between 2009 and 2016, the federal tax credit is 30%. That means that for solar electric systems put into service between Jan 1 2009 and Dec 31 2016, you will be able to get back 30% of the total cost of the system, with no cap for residential systems.
Washington State 5101 & 6170 Program – The State of Washington, in an effort to promote renewable electricity generation, is purchasing solar generation at 15 cents/kWh until July 2020. If the inverter is manufactured in Washington state the $.15 is boosted to $.18/kWh. Solar modules made in WA earn $.36/kWh and if both models and inverter are made in WA you earn $.54/kWh.
Net Metering – All Solar electricity generated that is not used at time of generation will be fed back to the utility grid, so that your green power can be used by other people. During these times your utility meter will actually run backwards so that you are credited for this power. Your utility bill at the end of the month will be the difference of what you generated and consumed. For those summer months that you generate more than you consume, these “credits” will be forwarded to you the next month. Not only do your offset your electric bill by every solar kWh you generate, but you get the 5101 incentives for every single solar kWh… even the kWh that you use!
Your Solar Generated Revenue – The great news is that you get to harvest “all” of these solar benefits! You can expect to realize 18 to 28 cents/kWh for your solar generated electricity. Plus, for the electricity you generate your utility rates are permanently locked in for the entire life of your solar system. PSE customers have been seeing double digit annual rate hikes over the past couple of years.
No Washington State Sales Tax – There will be no state sales tax on the entire cost of your installed solar energy system until June 30, 2011. This currently excludes Solar Hot Water.
5-Year Accelerated Depreciation for Home Based Businesses – Home based businesses qualify for a full 5-year MACRS accelerated depreciation tax deduction on the entire cost of the system.
Increased Appraised Value of Your Property - Adding a solar photovoltaic or solar hot water system to your home adds to the resale value of your home and makes it more attractive to prospective buyers. Interested in saving money and helping the environment? Contact us to take advantage of these great cost saving solar incentives. Going solar makes sense!
For the complete reference: All US Tax Incentives & Rebates