Updated to include 2023 Pennsylvania solar incentives, rebates, and tax credits. Discover how you can save money to help offset the cost of solar panel installation in PA.
Are there local Pennsylvania solar incentives?
Currently, there is only one local Pennsylvania solar incentive you can take advantage of.
Philadelphia Solar Rebate Program
The Philadelphia Solar Rebate Program is a local PA solar incentive for home and business owners in the city of Philadelphia. It offers $0.20 per watt for residential projects and $0.10 per watt for commercial ones, with a $100,000 cap per project until the end of 2024. The program gets $500,000 a year in funds, 10% of which are reserved for low-moderate income households. If interested, you can apply here online.
Net Metering in Pennsylvania
Another PA solar incentive is net metering. Net metering allows home and business owners get financial credit applied to their electric bills when they produce excess solar energy. Unlike most states, Pennsylvania requires utility companies to send you an additional check for your energy, if you produced a surplus for the full year.
Pennsylvania Solar Renewable Energy Certificates (SRECs)
PA’s SREC program enables solar panel system owners to earn money by selling the excess power they generate back to the grid. At Solar Energy World, we calculate how much excess energy you are likely to generate from your solar panel installation, and we will set up the automatic system to earn and sell your SRECs in Pennsylvania.
Federal Tax Credits for PA Residents
You don’t have to limit yourself to local or state incentives. You can also take part in a federal program through the Investment Tax Credit (ITC). You can qualify for this credit as a homeowner if you purchase your PV system fully with cash or through a solar loan. You claim the credit when you file your federal taxes for the year. This credit covers 30 percent of your system costs. You can see this is a good year to add solar because federal tax credits are available and they provide a huge deduction.
Interested in solar panel installation for your home? Let us help you take advantage of any applicable Pennsylvania solar incentives available to you. Solar Energy World has years of experience providing Pennsylvania solar panel installation services to local homeowners.