Pa Solar Panel Incentives

In pennsylvania the average solar payback period is 10 66 years.

Pa solar panel incentives.

Pennsylvania s solar incentive programs thomas bell executive director pennsylvaniaenergydevelopmentauthoritypennsylvania energy development authority. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. All of pennsylvania can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. Pennsylvania offers home and business owners as well as non profits and government properties incentives and rebates for installing alternative energy including photovoltaics solar thermal wind turbines and geothermal systems.

The first major program that you should know about is the solar investment tax. Renewable portfolio standard rps is a law that requires a certain amount of. Pennsylvania solar energy incentives and rebates 2020 renewable portfolio standard rps. 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.

Financial incentives energy financial incentives for pennsylvania residents. According to the u s. How long does it take to earn back your initial investment in solar panels. On a cost per watt w basis a solar panel installation in pennsylvania ranges in price from 2 57 to 3 47.

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.