Philadelphia Solar Panels Incentives

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Philadelphia solar panels incentives.

If you re lucky enough to live in philadelphia you can access new 20 per watt home solar rebates. Philadelphia city council and mayor kenney established the rebate in 2019 to take action on climate change and drive local economic development. In addition to the state specific incentives and programs mentioned above you can reduce the cost of your solar panels system by 30 percent thanks to this great government program. For each megawatt hour of energy you produce you earn an srec.

Solar panel cost data philadelphia 2020 updated. Save money by installing solar panels in pa. As of sep 2020 the average cost of solar panels in philadelphia is 2 2 per watt making a typical 6000 watt 6 kw solar system 9 747 after claiming the 26 federal solar tax credit now available. Solar installation costs do not include the 26 federal investment tax credit or local incentives.

This one time incentive payment will be issued by the city after the solar project has been installed and has received permission to operate from peco. The philadelphia solar rebate is an incentive program that encourages property owners to install solar photovoltaic systems in philadelphia. The value of solar incentives in pennsylvania is even greater when taking into account the recent extension of the federal investment tax credit itc for solar. Philly plays host to 10 of the state s population so the rebates have a chance to make a real impact in the lives of people who want to go solar in 2020.

This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.