Investing in solar panels in Pennsylvania is a great way to save money on your energy bill, but you can also make a nice return on your investment. Pennsylvania's solar industry has seen a boom in the past few years and is primed for further growth. However, there are still a few things you should know before you decide whether solar is right for you.
There are many reasons why you should invest in solar panels. However, the solar tax credit is one of the most compelling. A 30% tax credit may be available for those who install solar energy systems on their roofs. This credit is available for a variety different equipment such as solar panels, hot water heaters, and water heaters.
Pennsylvania has also provided significant funding to support the solar industry. Keystone Solar Project is located in Pennsylvania, and has the potential to power 700 Pennsylvanians homes.
Pennsylvania also has a slew of solar-related legislation that may be of interest to homeowners. In fact, the state's pending renewable energy legislation is likely to increase access to solar power for a lot of Pennsylvanians. However, not all of the legislation has been approved by the committee.
The state's mid-1990s electricity restructuring law established a clean energy public benefit program. AEPS (alternative Energy portfolio standard) was also established by the state to promote solar energy. The AEPS mandates that utility companies convert at least 18 percent of their capacity to renewable energy by 2021.
For those who are interested in solar, the state's net meters law is a great option. This makes solar panels more affordable, especially when it is paired with a federal credit.
Solar panels can not only reduce your electricity bills but also increase the value of your house. The average solar panel installation will increase the value of your home by 4%. This is a significant amount of money, especially if your home is suited for solar conversion.
The price of solar panels has dropped 88% over the last decade. Solar panel technology technology has improved a lot in the last ten years. If you are considering installing solar panels, make sure you check with the Department of Environmental Protection to learn more about what you can anticipate.
Pennsylvania is the best state to go solar. If you're thinking about installing solar panels on your roof, talk with an expert before you make your final decision. They will be able to tell you all about solar incentives and the best solar features.
The aforementioned solar tax credit is the biggest incentive to install solar panels in Pennsylvania. A power purchase agreement is a great way to save money on your electricity bill. It is very similar to a lease agreement. This will allow you to start saving money immediately, as there is no down payment.