For Pennsylvania, there are two tiers within this RPS. The program is administered jointly by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP) under the direction of the Commonwealth Financing Authority (CFA). In 2018, Pennsylvania has over 354 megawatts of solar power generation installed at nearly 19,000 homes, farms, and businesses, and nearly 5,000 people employed in the solar energy field.

By installing a solar system for your Pennsylvania home, eligible taxpayers can receive a 30 percent federal tax credit on qualified expenses through 2019. Pennsylvania’s goal is to achieve 18% clean energy by the year 2020. Read on to learn all you need to know about home solar incentives, policy, and savings in Pennsylvania. Renewable Portfolio Standard (RPS) is a law that requires a certain amount of electricity to be generated by renewable sources- the percentage of which is up to the individual state. Please let us know what you discover so that we can share it here for other Pa solar buyers! As of late 2019, the going rate for these credits was about $24. At this rate, a 5-kilowatt (kW) system that generates 5 MWh per year could make an extra $120 per year from selling credits in the SREC market. Eight percent of the state’s power is to be generated from Tier 1 source…

Solar Renewable Energy Certificates (SRECs) This program enables Pennsylvanians to sell the SRECs that their panels generate. Fortunately, there are renewable energy and energy efficiency financial incentives to help. 1) 30 percent federal solar tax credit. The solar industry is growing at an unprecedented rate, providing emissions-free … If anyone else has experience with Pa HMO’s, please leave a comment as well! Not complying with this standard results in hefty fines for the state. Act 129 Electric Company Energy Efficiency Programs and Rebates The Pennsylvania Public Utility Commission (PUC) implements Act 129, which guides consumers and electric utilities toward achieving reduced energy consumption and peak electric demand. Solar. The Solar Energy Program (SEP) provides financial assistance in the form of grant and loan funds to promote the use of solar energy in Pennsylvania.

There are three big solar energy incentives.