You can not only save money on your energy bills but also earn a nice return by investing in Pennsylvania's solar panels. The state's solar industry is growing rapidly and Pennsylvania is an ideal candidate for future solar 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. If you install a solar energy system on your roof, you may be eligible for a 30% tax credit. This credit can be applied for many types of equipment, including solar panels.
Pennsylvania's legislature has also allocated significant funds to the solar industry. Keystone Solar Project has 700-home power potential in Pennsylvania.
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 electricity restructuring law enacted in the mid-1990s established a clean energy public benefits program. In addition, the state has been promoting solar through its Alternative Energy Portfolio Standard (AEPS). AEPS requires utility companies to convert at least 18% their total capacity to renewable energies by 2021.
Also, the net metering law in the state is an asset for anyone interested in solar. It helps make solar panels more affordable, especially when paired with a federal tax credit.
Solar panels can increase the value and reduce your electric bills. An average solar panel installation can increase a home's value by 4%. This is a significant amount of money, especially if your home is suited for solar conversion.
The cost of solar panel technology has fallen 80 percent over the past decade. This is despite the fact that it has made great strides in the technology. If you're thinking about installing solar panels, be sure to check with the Department of Environmental Protection for information on what you can expect.
Pennsylvania is the best place to go solar. Talk to an expert if your goal is to put solar panels on your home. They can tell you about solar incentives, the most important solar features to look for, and other related information.
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. The best part about power purchase agreements is that you don't need to pay a down payment and you can save money as soon as you sign it.