Solar Incentives Pennsylvania

Solar Incentives Pennsylvania
Pennsylvania offers several solar incentives, including the federal Solar Investment Tax Credit (ITC), the Pennsylvania Sunshine Program, and the Philadelphia Solar Rebate Program. Additionally, Pennsylvania has a Solar Renewable Energy Credits (SREC) program, according to Lumina Solar PA.
Key Solar Incentives in Pennsylvania:
Federal Solar Investment Tax Credit (ITC):
This credit allows homeowners to deduct 30% of the cost of their solar panel system from their federal taxes. The ITC applies to the expenses of solar panels, equipment, installation, and even solar battery storage, Lumina Solar PA explains.
Pennsylvania Sunshine Program:
This program provides rebates for both solar electric (PV) and solar hot water systems for homeowners and small businesses. Homeowners can receive a rebate for installing up to 100 kilowatts of solar PV capacity, with a maximum rebate of $5,000. Small businesses can also receive incentives, but they must complete the installation and rebate process before applying for a second incentive, according to Lumina Solar PA.
Philadelphia Solar Rebate Program:
This program offers rebates of $0.20 per watt for residential projects and $0.10 per watt for commercial projects, with a $100,000 cap per project, Lumina Solar PA states.
Solar Renewable Energy Credits (SRECs):
Homeowners can earn SRECs for every 1,000 kilowatt-hours (kWh) of electricity their solar system produces. These certificates can be sold to electric companies that are required to meet Pennsylvania's Alternative Energy Portfolio Standards, notes Lumina Solar PA.
Net Metering:
Pennsylvania has net metering policies in place, allowing customers to receive credits on their electricity bills for surplus solar energy they send back to the grid.
Homeowners Energy Efficiency Loan Program (HEELP):
This program offers low-interest loans to homeowners for energy-efficient upgrades, including solar installations.
Important Considerations:
The federal ITC is available to homeowners who purchase their solar system outright and file in the same year as installation.
The Pennsylvania Sunshine Program and Philadelphia Solar Rebate Program have specific eligibility requirements and application processes.
The value of SRECs can fluctuate, so it's vital to research current market prices.
Local municipalities and utility companies may offer additional solar incentives, so it's recommended to check with them. Lumina Solar PA encourages interested homeowners to explore all available options.
Contact Lumina Solar PA for more information today:
Address: 1004 Gravel Pike, Hereford Township, PA 18070, United States
Phone: 18009716118
Service Area: Pennsylvania
Website: https://luminasolar.com/understanding-pa-solar-incentives/
GMB Share Link: https://maps.app.goo.gl/kiQoFhb5zpNkKiek8
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