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 growing solar industry has made it a great place to invest in solar panels. But before you decide whether or not solar is right for your needs, there are a few things that you need to know.
While there are many reasons to invest in solar panels, one of the most compelling is the solar tax credit. 30% tax credit is available for solar energy systems installed on roofs. This credit can be used to purchase a wide range of equipment including solar panels and solar hot water heaters.
The Pennsylvania legislature has also set aside significant funds for the solar industry. Keystone Solar Project, which can supply power to 700 Pennsylvanian homes, is also located in Pennsylvania.
Pennsylvania also has a slew of solar-related legislation that may be of interest to homeowners. Pennsylvania's renewable energy legislation, which is currently in progress, will likely increase access to sun power for many Pennsylvanians. Some of the legislation is still in committee.
The mid-1990s state electricity restructuring law created a clean-energy public benefits program. AEP (alternative energy portfolio standard) is another way the state promotes solar. AEPS demands that utility companies use at least 18% of their power to generate renewable energy by 2021.
The state's net metering law is also a plus for those interested in solar. This law makes solar panels much more affordable, especially when coupled with a federal income tax credit.
Solar panels are a great way to reduce your electric bill and increase your home's value. On average, solar panel installation increases the value of a 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. The Department of Environmental Protection has information you need about solar panel installation.
It is the best time to go green in Pennsylvania. 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. If you want to reduce your electric bill, however, a power purchase agreement will work best. This agreement is similar to a leasing 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.