Pennsylvania Solar Energy Incentives

For each megawatt hour of energy you produce you earn an srec.

Pennsylvania solar energy incentives.

One of the better financial incentives available to pennsylvania residents is the solar alternative energy credit srecs system which began with the creation of the aeps program. 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. Financial incentives are offered as loans to promote clean energy technologies and for projects where energy savings are measurable. Solar panels are an integral part of pennsylvania s economic makeup.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. Pennsylvania solar power overview. As of early 2016 the going rate for these credits in the state was about 15 per megawatt. 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.

The sustainable energy fund sef promotes and invests in energy efficiency and renewable energy projects and energy education initiatives in the state of pennsylvania. Pennsylvania solar incentives pave the way. Pennsylvania could use some room for improvement as far as solar incentives go. 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.

Favorable laws rebates performance payments and high electric prices make going solar in pennsylvania a wise economic decision. That s why pennsylvania wants to make it affordable to go solar and find ways for. According to the u s. The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors.

Financial incentives energy financial incentives for pennsylvania residents. There are no statewide or utility specific rebates offered for residential solar systems. Pennsylvania has a solid foundation to help boost solar power. 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.

However there is a net metering law in place which has the potential to dramatically decrease homeowners electric bills. Pennsylvania solar and renewable energy incentives. 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 great government program.