Hi Neil,
Kelly Keilwitz with Whidbey Sun & Wind, here (thanks for pointing me here, John).
As a geotechnical engineer and renewable energy contractor the house you describe is my dream home that I hope to build some day. I also love the low-profile aesthetics of an earth-sheltered home like you describe.
First, from a geotech viewpoint, understand that a great deal of your budget - maybe 30% to 40% could be in excavation, drainage and concrete (or other appropriate foundation wall) work, and the associated engineering and permitting costs. If you want to go the full-monte you could add on (considerably) more for a reinforced concrete and/or living roof.
Now, solar, passive: You probably already are aware, but your ridge should be facing south with no shading from tall trees
In deciding to go off-grid you need to first consider why you're doing it. If it's to be the most cost-effective, you must consider your energy use and habits, willingness to be actively involved with your energy system, and level of convienience and comfort you want (vs how much you want to spend on the energy system). As a rough guideline it's generally cost effective to go off-grid if you live more than 1/3 mile from power.
Electricity source is the main need for an offgrid home, as thermal needs can be met with fossil fools (oops!)

Solar PV should be your main source, as there are no moving parts, 25 yr warranties and good incentives available. In the wintertime you'll need other production source(s), like fuel genny, wind genny, etc. If you're going to be away a lot in the winter, then a backup fuel genny is the best (most cost-effective) solution. If you have a wind resource, and can put up a tower tall enough to get the wind generator a minimum of 30 feet above the nearest tree within 500 feet (including tree growth for the next 20 years), then wind power is an excellent source to create a "hybrid" system to complement your PV's. As Amanda mentioned the best off-grid resource is micro-hydro, but it is highly site and stream specific.
If your energy requirements are small and you don't mind starting the fuel generator every now and then when it's cloudy for a few days, and do some of the work yourself you should easily be able to install a power system for less than the cost of running power to your site - and have no power bill! You definitely need to think bigger than "a couple of solar panels", though! In considering this cost remember that you're paying up-front for 15 to 20 years of power.
For space-heating, consider solar-thermal and woodstove heat exchanger input into a large water storage tank (usually your domestic water source) with heat exchangers feeding your radiant floor slab. I'm doing exactly this in my (early 70's energy dumb, but sustainably retrofitted) home. Wood IS a renewable resource, as long as you have a woodlot (or live on a tree farm)

!
Good luck!
-Kelly