You can save money on your electricity bill by investing in Pennsylvania solar panels. However, you will also get a good return on your investment. Pennsylvania's solar industry has seen a boom in the past few years and is primed for further growth. There are still some things to consider before you decide if solar is the right choice for you.
While there are many reasons to invest in solar panels, one of the most compelling is the solar tax credit. Installing a solar energy system to your roof may qualify you for a 30% tax credit. 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 has 700-home power potential in Pennsylvania.
Pennsylvania also has some solar-related legislation that may interest homeowners. Pennsylvania's pending legislation on renewable energy is expected to improve access to solar power for many Pennsylvanians. However, some of this legislation has not yet passed the committee.
In the mid-1990s, the state's electricity restructuring law established a program for clean energy public benefits. In addition, the state has been promoting solar through its Alternative Energy Portfolio Standard (AEPS). AEPS demands that utility companies use at least 18% of their power to generate renewable energy by 2021.
A plus for solar enthusiasts is the state's net-metering law. This makes solar panels more affordable, especially when it is paired with a federal credit.
Solar panels can increase the value and reduce your electric bills. Solar panel installation can increase the home's value by an average of 4%. It's quite a bit of extra money, especially for those who live in homes that are suitable 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. For more information about what you can expect when installing solar panels, check out the Department of Environmental Protection.
It is the best time to go green in Pennsylvania. Talk to an expert before making any final decisions about installing solar panels onto your roof. They can tell you about solar incentives, the most important solar features to look for, and other related information.
The greatest incentive to get solar panels installed in Pennsylvania is the previously mentioned solar tax credit. You can save money on your electric bills by signing a power buy agreement. This is similar to a rental agreement. You don't need to make a downpayment and can start saving money right away.