In 2021, there will be a 26% federal tax credit eligibility for the gross project cost, which provides substantial savings if you switch to solar.
The main advantage of installing solar panels in Pennsylvania is the net metering law which requires utility companies to provide homeowners who have solar panels with a credit equal to the retail rate for the excess electricity their solar panels have generated or for energy they’ve “sent to the grid”. Pennsylvanians are also eligible for Solar Renewable Energy Certificates (SRECs). The SREC program allows homeowners to receive credit (or cash) for the energy that their solar panels have generated. There is no expiration or max amount for the SRECs and each SREC is valued at a fluctuating market price. With utility prices soaring, the return on investment for solar panels in Pennsylvania is one of the best in the U.S. There is no better time to go solar than when you’re getting a new roof!
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If interested, we can immediately find out if you qualify without affecting your credit.