Pennsylvania Solar Incentives 2020

There are three big solar energy incentives.

Pennsylvania solar incentives 2020.

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. That rate will decrease to 26 percent in 2020 and 22 percent in 2021. Pennsylvania could use some room for improvement as far as solar incentives go. At the state level pennsylvania has several financial incentives available in 2020.

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. The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors. Solar panels are an integral part of pennsylvania s economic makeup. 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.

That s why pennsylvania wants to make it affordable to go solar and find ways for. Arizona and massachusetts for instance currently give state income tax credits worth up to. Pennsylvania solar power overview. Many states also offer tax credits for solar.

The obligation was set at 0 0120 for the compliance year running from june 2009 may 2010 accelerating to an ultimate target of 0 5 in compliance year 2020 2021. According to the u s. Like most states pennsylvania has a net metering program. Under pennsylvania law a solar alternative energy credit saec represents proof that 1 megawatt hour mwh of electricity was generated by a qualifying pv facility.

Net metering is an arrangement in which your local electric utility purchases excess energy produced by your solar system. The federal solar itc. Some will continue even after the federal credit expires. 1 30 percent federal solar tax credit.

However there is a net metering law in place which has the potential to dramatically decrease homeowners electric bills. 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. By installing a solar system for your pennsylvania home eligible taxpayers can receive a 30 percent federal tax credit on qualified expenses through 2019. 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.

There are no statewide or utility specific rebates offered for residential solar systems. Pennsylvania solar incentives pave the way. Financial incentives energy financial incentives for pennsylvania residents.