Energy Trust is pleased to announce preliminary* solar and battery storage incentives for 2025. Energy Trust plans to allocate over $14 million to support the installation of new solar and paired battery storage systems, early development and design assistance, community solar and community resilience. The budget will also support new incentives for emerging opportunities in our market such as project financing.
See below for 2025 incentive rates, available for new incentive applications starting January 2, 2025.
| Incentive | Portland General Electric | Pacific Power |
|---|---|---|
| Solar for Homes | $950 (Flat) | $1,100 (Flat) |
| Battery Storage for Homes | $475/kWh up to $5,700 | $475/kWh up to $5,700 |
| Solar Within Reach | $1.10/W up to $6,600 | $0.90/W up to $5,400 |
| Battery Storage-Income-Qualified | $900/kWh up to $11,700 | $750/kWh up to $9,000 |
| Solar for Businesses | $0.13/W up to $13,000 | $0.13/W up to $13,000 |
| Battery Storage for Businesses | $475/kWh up to $14,250 | $475/kWh up to $14,250 |
| Solar for Affordable Housing | $0.75/W up to $45,000 | $0.70/W up to $42,000 |
| Solar for Tribes | $1.00/W up to $50,000 | $1.00/W up to $50,000 |
| Solar for Qualifying Nonprofits | $0.50/W up to $30,000 | $0.50/W up to $30,000 |
*Note—Rates depend on board approval of the full budget at the December board of directors meeting.
Trade Allies should refer to the Incentive Status Report to stay aware of all current incentive rates, allocations, and future incentive step changes. Energy Trust will manage its fixed incentive budget based on market demand, with gradual incentive reductions throughout the year. The goal is to maintain predictability and stability in the market. The new 2025 Incentive Status Report will be posted later in December 2024 with all planned allocations and subsequent incentive rates for 2025(future allocations subject to change).
In addition to the status report, Trade Allies should also bookmark the new Market Summary Report (launching in 2025). This new report will be an expansion of information previously found in the status report, broken out separately for clarity. The goal for this report is to provide transparency and market intelligence to our Trade Ally Network as the solar+storage industry continues to grow. In the report, you will be able to track incentive application volumes for various project/customer types, as well as average project cost details for solar-only, solar+storage, and battery storage retrofit installations. Additionally, Energy Trust plans to surface trends in purchase options and other useful data as reporting becomes available.
If you have questions or feedback, please contact your trade ally account manager or email solar@energytrust.org.