Pennsylvania Solar Incentives 2020

The last notable statewide solar incentive in pennsylvania is the pa sunshine solar rebate program that was created in 2009 but expired soon after in 2013.

Pennsylvania solar incentives 2020.

However there is a net metering law in place which has the potential to dramatically decrease homeowners electric bills. 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. The federal solar itc. There are three big solar energy incentives.

By installing a solar system for your pennsylvania home eligible taxpayers can receive a 30 percent federal tax credit on qualified expenses through 2019. Arizona and massachusetts for instance currently give state income tax credits worth up to. 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. Pennsylvania solar power overview.

Some will continue even after the federal credit expires. Net metering is an arrangement in which your local electric utility purchases excess energy produced by your solar system. There are no statewide or utility specific rebates offered for residential solar systems. Solar panels are an integral part of pennsylvania s economic makeup.

Charging customers who purchase qualified residential charging equipment between january 1 2018 and december 31 2020 may receive a tax credit of up to 1 000. That s why pennsylvania wants to make it affordable to go solar and find ways for. Prepared with a budget of 100 million the pa department of environmental protection administered these funds to slash the cost of solar through rebates as high as 0 75 w for residential. Pennsylvania could use some room for improvement as far as solar incentives go.

Several states and local utilities offer additional electric vehicle and solar incentives for customers often taking the form of a rebate. Like most states pennsylvania has a net metering program. 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. The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors.

That rate will decrease to 26 percent in 2020 and 22 percent in 2021. In addition to the state specific incentives and programs mentioned above you can reduce the cost of your solar panels system by 30 percent thanks to this. Solar rebates in pennsylvania net metering. Financial incentives energy financial incentives for pennsylvania residents.

1 30 percent federal solar tax credit. Many states also offer tax credits for solar. Pennsylvania solar incentives pave the way.