|Sherman County Court recently expanded their solar loan program to support renewable energy development on businesses and farms as well as homes. This program was launched by the Court in 2012 in order to help homeowners offset the costs of residential solar installations. After inquiries from businesses and other organizations in the County, the Court decided to open the application process to others besides homeowners. The program provides no-interest loans for solar electric, hot water and small wind installations in Sherman County. Loans cover the upfront costs that are returned to the owners through tax credits during the years following installation.This program has been developed and is managed for Sherman County through project management provided by Jessica Metta with MCEDD. For more information visit sherman-county.com or email Jessica.
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|HIRE ELECTRIC SOLAR PRICING IN OREGON SPRING 2014|
|Commercial Pacific Power||Commercial Co-OP||Residential Pacific Power||Residential Co-Op|
|System Size in KW||25||25||5||5|
|Power Per Year in KWH||33,750||33,750||6,750||6,750|
|Total System Cost||-$75,000||-$75,000||-$18,000||-$18,000|
|Federal Tax Credit||$22,500||$22,500||$5,400||$5,400|
|USDA REAP Grant||$18,750|
|Cost After Incentives||$1,000||-$7,750||-$2,850||-$6,600|
|Energy Offset Per Year||$3,375||$2,869||$675||$574|
|Payback in Years||0||3||4||12|