It is possible to save money by investing in solar panels in Pennsylvania. You will also be able to make a nice investment return. Pennsylvania's solar industry has been booming over the last few years, and the state is a prime candidate for solar growth. There are still some things to consider before you decide if solar is the right choice for you.
There are many compelling reasons to invest on solar panels. You may be eligible to receive a 30% tax credit if you have a solar energy system installed on your roof. This credit can be used to purchase a wide range of equipment including solar panels and solar hot water heaters.
The Pennsylvania legislature also has significant funding for the solar industry. The state is also home to the Keystone Solar Project, which has the capacity to power 700 Pennsylvanian homes.
Pennsylvania also has a slew of solar-related legislation that may be of interest to homeowners. Pennsylvania's pending legislation on renewable energy is expected to improve access to solar power for many Pennsylvanians. Some of the legislation is still in committee.
The state's mid-1990s electricity restructuring law established a clean energy public benefit program. AEP (alternative energy portfolio standard) is another way the state promotes solar. AEPS requires utility companies to convert at least 18% their total capacity to renewable energies by 2021.
Also, the net metering law in the state is an asset for anyone interested in solar. This makes solar panels more affordable, especially when it is paired with a federal credit.
In addition to reducing your electric bills, solar panels can raise the value of your home. The average solar panel installation will increase the value of your home by 4%. This is quite a large amount, especially if the home you own can convert to solar power.
The cost of solar panel technology has fallen 80 percent over the past decade. This is despite the fact that it has made great strides in the technology. For more information about what you can expect when installing solar panels, check out the Department of Environmental Protection.
It is the best time to go green in Pennsylvania. Talk with an expert if you are thinking of installing solar panels to your roof. 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. A power purchase agreement is a great way to save money on your electricity bill. It is very similar to a lease agreement. This way, you don't have to make a down payment, and you start saving money immediately.