'We have until the spring to complete installations': Oregon tax credit for solar to end
PLEASANT HILL, Ore. - Chris Borg says a state tax credit - combined with federal and local utility tax credits - makes installing solar panels on his home pencil out.
"When I talked to my wife about it, she was very on board with it," Borg said. "By the time that we use it, and we get the tax incentives back, the payments, it's going to be something that's not going to be out of pocket money then."
The project on Borg's home is part of Eric Nill's packed schedule.
"We are booked pretty solid for the rest of this year," Nill said. "We're trying to accommodate those that really want to take advantage of this program that's going to end."
Nill said the impending loss of those state tax credits for residential customers is driving the rush.
"We have until the spring to complete installations, but we need to be contracted before the end of the year," Nill said.
Those credits can be worth up to $6,000.
Solar power advocates are disappointed the state tax credit is going away.
Nill said the issue will be brought back before state lawmakers early in 2018.
Regardless of the tax credit, Nill said greater awareness of solar power benefits and the lower costs of systems have him charged up about the future of solar.
"This industry is not going away," he said, "in spite of the ups and downs with the incentives."