Pennsylvania Solar Incentives 2017

With over 400 solar businesses in the state and over 3 000 employees in the solar industry 1 clean energy not only makes the keystone state a stronger one but helps its citizens save money.

Pennsylvania solar incentives 2017.

The tax cuts and jobs act of 2017 increased bonus depreciation to 100 for qualified property acquired and placed in service after september 27 2017 and before january 1 2023. 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. On the whole pennsylvania s solar incentives have proven effective. A variety of federal and state incentives including srecs led to a substantial build out of solar in the state.

Pennsylvania limits solar incentives to boost home grown solar energy pennsylvania has built a legal wall at its border to keep out of state solar power from entering the state s alternative. Pennsylvania offers a variety of tax incentives credits and programs to eligible pennsylvania residents and businesses. Pennsylvania solar incentives pave the way. If you are interested in going solar in 2019 contact your local installer to find out whether your home is a good candidate for solar panels.

The state boasts some 21 490 installations and 2020 will surely see that number rise. According to the u s. In addition to the state specific incentives and programs mentioned above you can reduce the cost of your solar panels system by. Bonus incentives are available for some equipment types purchased between october 1 2017 and march 31 2018.

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. Financial incentives energy financial incentives for pennsylvania residents. Under the federal modified accelerated cost recovery system macrs businesses may recover investments in certain property through depreciation deductions. Solar panels are an integral part of pennsylvania s economic makeup.

The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors. And until 2017 pennsylvania allowed systems located outside of the state to register for and participate in the pa srec market further impacting supply. See program website for complete details. Pennsylvania solar tax credits the federal solar itc.

First energy as a parent company administers the energy efficiency program for metropolitan edition met ed pennsylvania electric penelec pennsylvania power penn power and west. 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.