Pennsylvania’s Solar Landscape in 2023: Incentives, Rebates, and Tax Credits Explained

Pennsylvania's Solar Landscape in 2023: Incentives, Rebates, and Tax Credits Explained

The Keystone State is embracing solar energy, with local incentives playing a significant role in reducing the conversion costs for homeowners. While the typical cost of installing a photovoltaic (PV) system in Pennsylvania stands at around $21,675, several factors make this state more appealing for solar energy investment.

Did you know that there are several Virginia solar incentives, rebates, and programs expiring in 2023? Before you start worrying, you should know that there are unbelievable new incentives here now! Check out one of the most popular resources for learning about these programs in the link below.

Access Virginia Solar Programs

Cost Factors: Equipment and System Size

  1. Average Cost Per Watt: The average cost per watt for solar equipment in Pennsylvania is $2.55, falling below the national average. This favorable pricing comes from a combination of state-specific policies, market competition, and the availability of local manufacturers.
  2. Typical System Size: The average homeowner in Pennsylvania will require a system of approximately 8.5 kilowatts (kW), again below the U.S. average. The reduced system size is partly attributable to the region’s energy consumption patterns and the local climate, which may impact solar energy needs.

These factors together mean that the overall price to go solar in Pennsylvania is about $3,000 less than the national average. However, the idea of spending over $20,000 on PV panels is still a hefty sum for most homeowners, and this is where incentives come into play.

Virginia mortgage programs may be able to save you hundreds every month. A new 2024 mortgage may be able to give relief to homeowners. Unfortunately, most Americans will not receive their mortgage benefits because they are not aware of some of these programs. You do not need to pay anything to check how much you could get.

Check Virginia Programs Here

Incentives and Affordability: Making Solar Accessible

Though Pennsylvania lacks a current Renewable Portfolio Standard (RPS) goal – a target for the share of electricity generated from renewable sources – the state compensates with a variety of other incentives.

  1. State Incentives: Pennsylvania offers several state-level incentives, including rebates, grants, and loans, to reduce the upfront costs of solar installation. These incentives are available to homeowners, businesses, and even municipalities, encouraging a broader adoption of solar energy.
  2. Local Perks: In addition to state incentives, local governments, and utility providers may offer additional perks and discounts. These can include property tax exemptions, net metering programs, or custom rebate programs tailored to the community’s unique needs.
  3. Federal Tax Credits: On top of state and local incentives, homeowners can also take advantage of the federal solar investment tax credit, which can save thousands of dollars on the system.

A Brighter Future for Solar in Pennsylvania

Pennsylvania is striving to make solar energy an affordable and realistic option for homeowners. With below-average costs for both equipment and system size, along with a combination of state, local, and federal incentives, the transition to solar energy is becoming more attainable for the average homeowner.

The combined effect of these incentives and perks puts Pennsylvania ahead of many other states in offering savings on solar systems. As technology continues to advance and more incentive programs emerge, homeowners in the Keystone State can look forward to even more accessible and cost-effective solar energy solutions. The future looks bright for solar energy in Pennsylvania, reflecting a state committed to sustainable and renewable energy choices.

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