Philadelphia Solar Panels Incentives

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. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Solar renewable energy credit srec the third major financial incentive program available in pennsylvania is the solar renewable energy credit srec scheme sometimes referred to as solar power performance payments or production incentives.

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Philadelphia solar panels incentives.

Going solar in the keystone state is easier than ever and pennsylvanians are saving hundreds on their electricity bills with solar. The philadelphia solar incentive program gives all property owners an additional incentive to install a solar photovoltaic system and would be in effect from january 1 2020 through december 31 2024. Solar installation costs do not include the 26 federal investment tax credit or local incentives. For each megawatt hour of energy you produce you earn an srec.

Philly plays host to 10 of the state s population so the rebates have a chance to make a real impact in the lives of people who want to go solar in 2020. Save money by installing solar panels in pa. Solar panel cost data philadelphia 2020 updated. As of sep 2020 the average cost of solar panels in philadelphia is 2 2 per watt making a typical 6000 watt 6 kw solar system 9 747 after claiming the 26 federal solar tax credit now available.

If you re lucky enough to live in philadelphia you can access new 20 per watt home solar rebates. The philadelphia solar rebate is an incentive program that encourages property owners to install solar photovoltaic systems in philadelphia. This one time incentive payment will be issued by the city after the solar project has been installed and has received permission to operate from peco. 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.

Philadelphia city council and mayor kenney established the rebate in 2019 to take action on climate change and drive local economic development.

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