Regardless of the circumstances, Pennsylvania solar incentives and rebates can bring about significant financial savings for consumers and business owners. They encourage more people to start their own solar journeys, save on utilities, and protect the environment. Now is as good a time as any to learn about Pennsylvania incentives and see how they can provide both you and your family with significant savings.
Government Supporting Policies
Pennsylvania is well-known for its various alternative energy sources. These unique energy sources can help both households and businesses reduce monthly utility usage, save on monthly costs, and lower their carbon footprints. Government supported policies have made it much more accessible for homeowners and businesses to participate in these energy-saving initiatives for the long-term.
Programs Supporting Pennsylvania Solar Installation
There are two key government programs that help support the development of residential solar systems. These programs include net metering and solar renewable energy certificates. As we proceed, we’ll expand upon these programs and uncover how they can help support our individual solar journey.
Pennsylvania Solar Energy Net Metering
Net metering allows households to sell excess solar power back to the utility at the same rate that you would normally pay per kw/hr. This process allows households to get paid for all of the solar electric production whether their home uses it or it gets fed on the grid.
Solar Renewable Energy Certificates
The Solar Renewable Energy Certificate program allows households to sell their certificates derived from the power generated by their solar panels. These credits in Pennsylvania could hit up to $50 per megawatt hour, which roughly accumulates to several hundred dollars per year when households sell their credits in the solar renewable energy certificates market. While that may seem like a minimal amount, it will add up to an impressive sum of money in the long run. Businesses that go solar will save thousands of dollars per year from SRECS (Solar Renewable Energy Certificates).
Solar Tax Credits
Pennsylvania solar credits are worth more than ever before. On top of the state-specific programs and incentives shared above, households now have the opportunity to further reduce their solar panels system costs by an additional 26% in 2020 and 22% in 2021. Nevertheless, households would still need to agree with a cash purchase or sign up with a solar loan and have sufficient income amount to support the relevance of such tax credits.
As explained above, the government provides various helpful initiatives that could make going solar even more appealing. Don’t miss out on this opportunity to save on your monthly utility costs, reduce your carbon footprint, and save the environment all at the same time.
To learn more about how Bright Eye Solar can help you save money and the environment, call our support team today. We’ll explain more about packages and even offer you the opportunity to receive a free online quote. Go solar today!