Philadelphia Solar Panels Incentives

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.

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. 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. If you re lucky enough to live in philadelphia you can access new 20 per watt home solar rebates. Solar installation costs do not include the 26 federal investment tax credit or local incentives.

Save money by installing solar panels in pa. 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. The philadelphia solar rebate is an incentive program that encourages property owners to install solar photovoltaic systems in philadelphia. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

Share the data explorer. Solar panel cost data philadelphia 2020 updated. 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. For each megawatt hour of energy you produce you earn an srec.

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.