Pennsylvania Solar Incentives 2019

Established by the energy policy act of 2005 the federal tax credit for residential energy property initially applied to solar electric systems solar water heating systems and fuel cells.

Pennsylvania solar incentives 2019.

79 thoughts on 2019 pennsylvania home solar incentives. Available sources of renewable energy in pennsylvania include solar geothermal wind hydropower and biomass. Financial incentives energy financial incentives for pennsylvania residents. Pennsylvania solar tax credits the federal solar itc.

There are three big solar energy incentives. The energy improvement and extension act of 2008 extended the tax credit to small wind energy systems and geothermal heat pumps effective january 1 2008. The value of solar incentives in pennsylvania is even greater when taking into. What financial incentives exist for pennsylvania homeowners thinking about going solar.

The solar energy program sep provides financial assistance in the form of grant and loan funds to promote the use of solar energy in pennsylvania. These incentive payments will average 1 000 per home. 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. Solar is the conversion of sunlight into electricity by either solar photovoltaic pv panels or solar thermal systems.

The final word on pennsylvania solar incentives and policy. 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. The rebate is paid by the city for commercial or residential solar installations completed after july 1 2019. At this rate a 5 kilowatt kw system that generates 5 mwh per year could make an extra 120 per year from selling credits in the srec market.

The program has a spending cap of 500 000 per fiscal year. Residential solar hot water of applications 8 35 34 15 7 99 small business pv of applications 10 208 25 3 2 248 small business pv kw 503 17 667 547 26 32 18 775 small business solar hot water of applications 1 6 1 019. 1 30 percent federal solar tax credit. As of late 2019 the going rate for these credits was about 24.

The program is administered jointly by the department of community and economic development dced and the department of environmental protection dep under the direction of the commonwealth. According to the u s. Just a few years ago pennsylvania was near the top of the solar heap boasting one of the strongest solar power rebate program in the country to go along with solid performance incentives and strong net metering laws. By installing a solar system for your pennsylvania home eligible taxpayers can receive a 30 percent federal tax credit on qualified expenses through 2019.

Following is a brief description of each.