Pa Rebates For Solar Panels

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Pa rebates for solar panels.

Renewable portfolio standard rps is a law that requires a certain amount of. 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. You ll get one each time your system produces a megawatt hour mwh of electricity and our example 5 kw will earn you about 5 5 srecs each year. Pennsylvania solar energy incentives and rebates 2020 renewable portfolio standard rps.

The first major program that you should know about is the solar investment tax. On top of the electric bill savings you ll earn special solar renewable energy credits srecs until at least 2021. Federal solar investment tax credit. After 2021 the tax credit for residential solar ends.

The 30 tax credit applies as long as the home solar system is installed by december 31 2019. These are the solar rebates and solar tax credits currently available in pennsylvania according to the database of state incentives for renewable energy website. Starting in 2020 the value of the tax credit will step down to 26 and then again to 22 in 2021. 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.

Prepared with a budget of 100 million the pa department of environmental protection administered these funds to slash the cost of solar through rebates as high as 0 75 w for residential solar installations a generous rebate for solar.