Pa Solar Panel Incentives

Pennsylvania s solar incentive programs thomas bell executive director pennsylvaniaenergydevelopmentauthoritypennsylvania energy development authority.

Pa solar panel incentives. Renewable portfolio standard rps is a law that requires a certain amount of. 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. 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. Federal solar investment tax credit.

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. Pennsylvania solar energy incentives and rebates 2020 renewable portfolio standard rps. On a cost per watt w basis a solar panel installation in pennsylvania ranges in price from 2 57 to 3 47. 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.

The first major program that you should know about is the solar investment tax. There may still be other local rebates from your city county or utility. 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. Financial incentives energy financial incentives for pennsylvania residents.

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