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 been booming over the last few years, and the state is a prime candidate for solar growth. But before you decide whether or not solar is right for your needs, there are a few things that you need to know.
There are many compelling reasons to invest on solar panels. Installing a solar energy system to your roof may qualify you for a 30% tax credit. 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. Keystone Solar Project can power 700 Pennsylvania homes.
Pennsylvania has several solar-related bills that might be of value to homeowners. Pennsylvania's renewable energy legislation, which is currently in progress, will likely increase access to sun power for many Pennsylvanians. However, some of this legislation has not yet passed the committee.
The state's electricity restructuring legislation, which was enacted in mid-1990s, established a clean fuel public benefits program. In addition, the state has been promoting solar through its Alternative Energy Portfolio Standard (AEPS). AEPS requires that utilities convert 18% of their energy capacity to renewable energy by 2021.
It is also an advantage for those who are interested to go solar. It makes solar panels cheaper, especially when combined with a federal tax credit.
In addition to reducing your electric bills, solar panels can raise the value of your home. 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.
In the last decade, solar panel technology has advanced significantly and its cost has dropped by 80 percent. The Department of Environmental Protection has information you need about solar panel installation.
The best time to go solar in Pennsylvania is now. Talk to an expert if your goal is to put solar panels on your home. They will inform you about solar incentives, what the most important features are, and other relevant information.
The solar tax credit mentioned above is the best incentive to put solar panels up in Pennsylvania. The best way to save money is to sign a power purchase contract, which is similar in structure to a lease agreement. You don't need to make a downpayment and can start saving money right away.