With our corporate headquarters located just 20 miles from the Delaware River, providing Eastern Pennsylvania with quality solar options has always been principal to our business.
Available Purchase Offerings in Pennsylvania:
Cash Purchase, $0 Down Solar Loan, $0 Down Solar Lease.
Available Products in Pennsylvania:
Pennsylvania Solar Incentives
Solar Renewable Energy Certificates (SRECS)
SREC stands for Solar Renewable Energy Certificate. An SREC is a sellable certificate that represents all the clean energy benefits of the electricity generated by a solar electric system. Each time a solar electric system generates 1,000 kilowatt-hours of electricity, an SREC is issued which then can be sold for cash. A grid-connected solar electricity system in Pennsylvania is eligible to collect SRECs on all energy produced by the system for a 15-year period. The price of an SREC can fluctuate based on the spot market price. As of February 2022, the PA SREC is trading at $40.
Net Metering
Net Metering is a billing mechanism which allows grid- tied solar producers to put electricity that they do not use from their solar array back into the grid. When the solar produces more power than the site needs, the utility meter spins backwards, and the account holder will have a credit against future energy use. The solar producer is then billed for their total “net” usage at the end of the month, which is the balance between the power pulled from the grid and the power put back into the grid.
Federal Solar Tax Credit (ITC)
The Solar Investment Tax Credit (ITC) is a dollar-for-dollar federal tax credit which reduces a person or business’ tax liability based on the amount they have invested in a solar energy project. The residential and commercial ITC are both worth 30% of a solar project’s cost though 2032. For example, a $10,000 solar electricity system will be eligible for a $3,000 federal tax credit. Customers that purchase or finance their system through a solar loan are eligible for this incentive.
