Why Go Solar in the State of Pennsylvania?
Pennsylvania is one of the top ten solar states in the US. Pennsylvania renewable energy sectors have flourished during the last decades, harnessing carbon free energy and creating solar jobs. Using different incentives, Pennsylvania aims to make solar more attractive and affordable. The incentives include Federal Solar Tax Credit, net metering, and Pennsylvania solar Renewable Energy Credits (SREC). Pennsylvania solar panel system can make you energy independent. Moreover, you can save you a lot of cash over its life time. The state has made a dedicated effort to make investing in solar an easy choice for energy-conscious consumers.
|National solar ranking||21st (25th in 2019)|
|Solar Installed (MW)||664.34|
|Percentage of State’s Electricity from Solar||0.31%|
|Total Solar Investment in State||$2,073.04 million|
|Prices have fallen||45% over the last 5 years|
Growth Projection and Ranking
|1,108 MW over the next 5 years (ranks 28th)|
|Number Of Installations||33,889|
Is going solar worth in Pennsylvania?
The Pennsylvania solar panel system installation ranges from $12,665 to $17,135. The cost per watt ($/W) ranges from $2.53 to $3.43. The Pennsylvania solar panel user can enjoy the return on investment in 10.55 years. Moreover the state had 1,200 Blackouts in the past decade.
Many users prefer cash purchase pay for solar, which delivers a long-term value to the customers. The users can opt for different financing options to afford installations, including solar leases, PPAs, and solar loans.
What solar panels should I install in Pennsylvania?
The user can customize their solar panels according to their needs and demands. They can choose the batteries and aesthetic of the installation. The customizability increases the importance of understanding the various factors that can impact the solar panel’s performance. The solar panel with warranties and premium performance is more expensive. On the other hand, an in-depth analysis is required if high-efficiency solar panels and warranties can fit your needs.
How much energy can users generate in Pennsylvania?
Your solar panel performance depends on the quality and quantity of sunlight directly hitting your solar panel. Pennsylvania isn’t one of the sunniest states in the U.S. On average, Pennsylvania has 179 sunny days annually. The state is known for its rain, sleet, hail that falls to the ground, and snow. The other factors which can have an impact on the Pennsylvania solar panel system include the following:
- Panel orientation
- Panel angle
Pennsylvania Weather Highlights
The July high is around 83 degrees
The January low is 19
Averages 44 inches of rain a year
Averages 38 inches of snow a year
Rebates and incentives
The federal Investment Tax Credit has been one of the most impactful and reliable incentives for solar across the U.S. the user can deduct 26% of the total system cost from his/her federal taxes. This good incentive lasts until the end of 2022, and from 2023 the tax credit amount steps will decrease to 22%. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10% of a retail solar system cost from their taxes beyond 2023. Apart from the federal ITC, Pennsylvania offer additional incentives for going solar, including the following:
Federal Solar Investment Tax Credit
26% federal solar tax credit is available for home solar systems installed by December 31, 2022
Pennsylvania Solar Renewable Energy Credit (SREC)
Varies depending on market value
Variable (net metering)