1/14/2020 Update: Learn about the federal solar tax credit in 2020 and what it means for your solar savings.

Find out how affordable solar is for your home with our Solar Calculator, or simply register your property today to get quotes.

But don’t take it from us—take it from the satisfied customers who have already gone solar with Sunrun.

In 2020, you’ll be able to deduct 26% of the cost of the system from your taxes. **Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun. Due to the burning of fossil fuels to meet power needs, Pennsylvania is ranked #4 in total carbon dioxide emissions, producing 218.6 million metric tons of carbon dioxide emissions in the year 2016 alone.
Over the past nine years, the trend has been for 33% of all solar photovoltaic (PV) capacity in the United States to be added in December, according to the U.S. Energy Information Administration.In 2019, many homeowners and business owners alike most likely will contribute to the end-of-the-year-switch-to-solar trend. If your system costs $20,000, for instance, you could take advantage of the ITC to claim a $6,000 credit on your taxes.

At the state level, Pennsylvania has several financial incentives available in 2020.

$10,000 system cost x 0.30 (30% credit) = $3,000 credit amount, $3,000 credit amount x 0.25 (25% of the year)  = $750 credit amount, If you end up with a bigger credit than you have income tax due—a $3,000 credit on a $2,500 tax bill, for instance—you can't use the credit to.

If you want to make sure you get the full 30% tax credit, don’t wait – we expect 2019 installation schedules to fill up quickly. The state also renewed its residential and business solar tax credit programs through Dec. 31, 2016.

Solar Renewable Energy Certificates (SRECs) This program enables Pennsylvanians to sell the SRECs that their panels generate.

PECO Energy offers the top utility net metering program in Pennsylvania. This year, Pennsylvania lawmakers sought to correct this issue by forbidding out-of-state SREC sellers from selling SRECs in Pennsylvania. We even offer $0 down financing so you don’t have to pay anything out of pocket to make the switch to clean solar energy. Then, our teams of highly trained, award-winning solar installers and electricians will install your solar panel system and connect it to the grid. When it comes to energy, this state has a way of getting things done. The full credit is available through the end of 2019. 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. SREC prices in Pennsylvania have long been based on SREC values across a shared market known as the PJM region that, in addition to Pennsylvania, encompasses Ohio, New Jersey, Maryland, Delaware, West Virginia, and parts of seven other states. Secretarial Letter – In accordance with the Act 40 Final Implementation Order, electric distribution companies and electric generation suppliers seeking to qualify out-of-state solar photovoltaic credits are required to file a petition within sixty (60) days of the entry date of the Order or July 2, 2018.

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. Installing alternative energy equipment in your home can qualify you for a credit equal to 30% of your total cost. As a credit, you take the amount directly off your tax payment, rather than as a deduction from your taxable income. In addition to SRECs, solar system owners are also eligible for the federal solar tax credit if you buy your own solar system outright.

In addition to financial incentives at the state and federal levels, other incentives may be available at the city and county level. Through the end of 2019, your organization can claim 30% of the installation costs as a tax credit. Cashing in on the Federal Investment Tax Credit (ITC) and other incentives could save you thousands of dollars on this estimate! Presto, you’re powered by clean solar energy from the sun! The federal solar tax credit, also known as the Solar Investment Tax Credit, or ITC, is the single most important solar incentive available in the United States. The ITC allows you to deduct 26 percent of the total system cost from your federal taxes. After that, the percentage steps down each year and then stops at the end of 2021. ©1997-2020 Intuit, Inc. All rights reserved. PECO Energy offers the top utility net metering program in Pennsylvania. From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs.

Thanks to supportive government policies, going solar in Pennsylvania is easier than ever. For each megawatt-hour of energy you produce, you earn an SREC.

According to an eleven-year study of eight states, including Pennsylvania, buyers are consistently willing to pay more for a home with solar power.

While adding solar is a rather quick process, many steps must be completed before you can turn on your solar system. ENERGYSAGE and the EnergySage logo, are trademarks owned by EnergySage, LLC. The ITC is a federal program available to everyone in the U.S. and allows you to take a 26 percent tax credit on the cost of your solar system. When you go solar with BrightSave, instead of purchasing the panels, you simply buy your electricity from Sunrun at  a rate that’s lower than what your utility charges. A tax credit is a dollar-for-dollar reduction in your total income tax liability. Other than the cost of the system, there's no limit to the dollar amount of the credit. Unfortunately, Pennsylvania does not provide a property tax exemption for solar power systems.

Tapping the sun for power just feels good—solar power doesn't pollute, reduces our use of coal and other fossil fuels, and thereby helps reduce your individual carbon footprint.
Pennsylvania’s goal is to achieve 18% clean energy by the year 2020. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle. Your home’s increased value could lead to an effective annual tax rate of 1-2% of your property’s increased value. Terms and conditions, features, support, pricing, and service options subject to change without notice.Security Certification of the TurboTax Online application has been performed by C-Level Security.

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Offer is only for new Solar or Solar + Storage Lease or PPA customers only. Contact POWERHOME SOLAR today and get the process started. Solar panels do tend to increase a home’s value, but only if you own the panels.

The Energy Improvement and Extension Act of 2008 extended the tax credit to small wind-energy systems and geothermal heat pumps, effective January 1, 2008.

On the whole, Pennsylvania’s solar incentives have proven effective. Just a theory but I am sure I nailed it. Top 10 Economic Benefits of Converting to Solar Energy, Solar Power Cost vs Regular Electricity Cost, 26% of the final cost of the solar system, Pennsylvania Solar Renewable Energy Credit (SREC). Brightbox™ Battery makes storing and managing clean affordable solar energy simple and easy.

Our professional solar designers will design a beautiful solar panel system that captures the most solar savings possible for you and your home.

The third major financial incentive program available in Pennsylvania is the solar renewable energy credit (SREC) scheme, sometimes referred to as solar power performance payments or production incentives.