Pennsylvania Solar Incentives 2017

Incentives credits and programs.

Pennsylvania solar incentives 2017.

The tax cuts and jobs act of 2017 increased bonus depreciation to 100 for qualified property acquired and placed in service after september 27 2017 and before january 1 2023. Pennsylvania limits solar incentives to boost home grown solar energy pennsylvania has built a legal wall at its border to keep out of state solar power from entering the state s alternative. On the whole pennsylvania s solar incentives have proven effective. Pennsylvania solar tax credits the federal solar itc.

The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors. See program website for complete details. Under the federal modified accelerated cost recovery system macrs businesses may recover investments in certain property through depreciation deductions. Solar panels are an integral part of pennsylvania s economic makeup.

In 2018 pennsylvania has over 354 megawatts of solar power generation installed at nearly 19 000 homes farms and businesses and nearly 5 000 people employed in the solar energy field. Pennsylvania solar incentives pave the way. These tax credits economic development programs refund rebate opportunities and incentive programs provide economic assistance and tax reductions to individual and business taxpayers. With over 400 solar businesses in the state and over 3 000 employees in the solar industry 1 clean energy not only makes the keystone state a stronger one but helps its citizens save money.

That s why pennsylvania wants to make it affordable to go solar and find ways for. And until 2017 pennsylvania allowed systems located outside of the state to register for and participate in the pa srec market further impacting supply. Financial incentives energy financial incentives for pennsylvania residents. A variety of federal and state incentives including srecs led to a substantial build out of solar in the state.

Energy information administration the average pennsylvania family consumes more than 10 000 kilowatt hours kwh of electricity annually and spends more than 2 000 per year on energy bills. In addition to the state specific incentives and programs mentioned above you can reduce the cost of your solar panels system by. The value of solar incentives in pennsylvania is even greater when taking into account the recent extension of the federal investment tax credit itc for solar. First energy as a parent company administers the energy efficiency program for metropolitan edition met ed pennsylvania electric penelec pennsylvania power penn power and west.

If you are interested in going solar in 2019 contact your local installer to find out whether your home is a good candidate for solar panels. According to the u s.