There has been much talk about solar grants in our region this summer. It’s no secret that solar sales were up by near triple in first quarter for most solar installers in the greater Missoula and Western Montana region, as seen in this article in April 2012 in the Missoula Independent. And then the grants suddenly went dry in July of this year. Another article in the Indy shares the details.
Here’s the gist:
- Northwestern Energy gave out $3/watt up to 2000 watts (or 2kw) for grid-tied Solar PV installs in their territory. This amounted to the $6000 grant folks would commonly ask for.
- After the 2010 election, some state legislatures threatened to cut the state tax credits of $500/tax payer, $1000/couple, but it stood true. And the 30% Federal tax credit remained strong.
- In 2011, hard costs dropped nearly 40% for Solar PV, taking that $6k grant on a 2kW from a 30% coverage on an $18.5K system to a 50-60% coverage of install total on that same 2kW system, now costing under $11K.
- By early 2012, solar energy was hitting an all time high in popularity on a national and global scale – everything from solar in China and India to solar on the White House, to solar farms in the southwest and solar financing companies popping up.
At this point at SBS Solar, like most local installers, we were selling our grants faster than we could get them. At the same time, Northwestern Energy was having more requests than ever for solar grants, especially in the Missoula area, and they were maxing out their grant fund. This, coupled with the drastic drop in pricing, brought things to a (temporary?) standstill in early summer of this year.
What we do know is that Northwestern Energy asked the MREA for a recommendation on how to proceed. We at SBS Solar, and many of our fellow installers, weighed in with similar sentiments. Cut the grants per watt in half to $1.50, but keep the maximum grant at $6000. This would mean that a 2kW system now gets a $3000 grants ,and someone could get a $6000 grant for a 4kW system. This would be awesome! A triple-bottom-line here: Customers get a great grant and are now incented to go with a larger system instead of stopping at 2kW, Installers are now selling larger systems (and perhaps more often) and Northwestern Energy is getting double the renewable energy put back into their grind for half the cost, thereby getting them to their renewable energy mandate faster.
So…. here we with no grants, a state tax credit and a federal tax credit that could be in jeopardy depending on the outcome of the November election, and little action in the market.
Enter the SBS Solar Private Solar Rebate. We are offering a rebate for solar customers that is competitive with the aforementioned MREA recommendation to Northwestern Energy. Roughly $1.50/watt. We also have two different solar financing options, one state sponsored and one private.
If you’re interested in solar today, don’t wait for an answer until November (at the earliest), when you can get our rebate today: www.sbslink.com. 406-541-8410. Ask for Dan.