Solar panels in Pennsylvania are a great investment that will help you save money and earn a handsome return. Pennsylvania's solar industry has been booming over the last few years, and the state is a prime candidate for solar growth. You should still be aware of a few key points before you decide that solar is right to 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 can be used to purchase a wide range of equipment including solar panels and solar hot water heaters.
Pennsylvania's legislature has also allocated significant funds to the solar industry. The state is also home to the Keystone Solar Project, which has the capacity to power 700 Pennsylvanian homes.
Pennsylvania has many solar-related laws that could be of use to homeowners. In fact, the state's pending renewable energy legislation is likely to increase access to solar power for a lot of Pennsylvanians. Some of the legislation is still in committee.
In the mid-1990s, the state's electricity restructuring law established a program for clean energy public benefits. AEP (alternative energy portfolio standard) is another way the state promotes solar. AEPS directs utilities to make renewable energy a priority by converting at least 18% in their capacities by 2021.
For those who are interested in solar, the state's net meters law is a great option. It makes solar panels cheaper, especially when combined with a federal tax credit.
Solar panels can increase the value and reduce your electric bills. The average solar panel installation will increase the value of your home by 4%. This is quite a large amount, especially if the home you own can convert to solar power.
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. The Department of Environmental Protection has information you need about solar panel installation.
Pennsylvania is the best state to go solar. Before you decide to install solar panels on your roof or other structures, consult an expert. They will inform you about solar incentives, what the most important features are, and other relevant information.
The biggest incentive for installing solar panels in Pennsylvania is the aforementioned solar credit. However, if you're looking to save money on your electric bill, the best way to go is through a power purchase agreement, which is similar to a lease agreement. This will allow you to start saving money immediately, as there is no down payment.