Pennsylvania Solar Incentives 2023
Are you thinking about switching to solar energy in Pennsylvania?
Pennsylvania Solar Incentives have made solar energy more affordable than ever for residents of the Keystone State.
The following guide covers everything you need to know about PA Solar Incentives!
Are you thinking about switching to solar energy in Pennsylvania?
Pennsylvania Solar Incentives have made solar energy more affordable than ever for residents of the Keystone State.
The following guide covers everything you need to know about PA Solar Incentives!
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Federal Solar Investment Tax Credit (ITC)
The Federal Solar Investment Tax Credit (ITC) is one of the best solar incentives available in the State of Pennsylvania. Homeowners that qualify for the Solar ITC can take advantage of a tax credit of 26% of the cost of their solar energy system. This is for homes that have installed new solar systems by the December 31, 2022 deadline.
Solar Renewable Energy Credits (SRECs)
Pennsylvania also allows homeowners to sell any excess energy generated by their solar panels back to the grid through a program called Solar Renewable Energy Credits (SRECs). This program lets you earn some energy credits based on the power your solar panels generate. For every 1,000 kWh, you get one credit. You can sell your credits on the solar renewable energy credit market. The current credit values range from $35 to $40.
PA Business Energy Investment Tax Credit
Pennsylvania also provides grants for businesses and commercial spaces that invest in solar systems. Companies looking to upgrade their energy systems to make them more efficient can apply for a grant. While the competition is tough, it is still worth the application because the grant is significant at up to $9,500 per approved application. The Pennsylvania solar panel incentives at the commercial level also include a solar tax credit of 10%, which can go beyond the year 2024.
Philadelphia Solar Rebate Program
Pennsylvania solar panel incentives also include a rebate program for Philadelphia residents. Residents who have invested in a solar system may be qualified to enjoy a $200 rebate per kilowatt of solar panels.
With a variety of incentives for both residential and commercial establishments in Pennsylvania, it truly is worth taking the next step of investing in solar energy. Those who do so will enjoy the energy savings, make a little money off SRECs, and rest easy knowing that a clean and renewable resource powers their electricity!
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Pennsylvania Solar Incentives have made solar energy more affordable than ever for residents of the Keystone State. Some of the top Pennsylvania Solar Incentives include, the Federal Solar Investment Tax Credit (ITC), Solar Renewable Energy Credits (SRECs), the PA Business Energy Investment Tax Credit, and the Philadelphia Solar Rebate Program to name a few.
There are a number of programs available which is why it's always best to work with a state-licensed specialist like us to apply for programs that often make solar panel installations FREE!
The Solar Renewable Energy Credits program or SRECs allow homeowners to sell any excess energy generated by their solar panels back to the grid. This program lets you earn some energy credits based on the power your solar panels generate. For every 1,000 kWh, you get one credit. You can sell your credits on the solar renewable energy credit market. The current credit values range from $35 to $40.
