Pennsylvania Solar Incentives Pave the Way
Solar panels are an integral part of Pennsylvania’s economic makeup. With over 400 solar businesses in the state and over 3,000 employees in the solar industry,1 clean energy not only makes the Keystone State a stronger one but helps its citizens save money. That’s why Pennsylvania wants to make it affordable to go solar and find ways for homeowners to save. Sunrun can help you save bigger, faster, and simpler. Read on to learn how.
Pennsylvania Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Federal Solar Tax Credit (ITC)
||30% of the total system cost
|Pennsylvania Solar Renewable Energy Credit (SREC)
||Varies depending on market value
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Solar Renewable Energy Certificates (SRECs)
Solar renewable energy credits, or SRECs, are another way that Pennsylvania helps homeowners save on solar.2 However, SRECs are only available when you purchase your system, and that can get complicated fast. That’s why Sunrun is here to make your life easier with our solar lease, BrightSave™. When you go solar with BrightSave, instead of purchasing the panels, you simply buy your electricity from Sunrun at a rate that’s lower than what your utility charges. We’ll hold the SRECs and pass the savings onto you through that low kWh rate,. You get all the perks of going solar, without the risk of ownership.
Federal Solar Tax Credit (ITC)
On top SRECs, solar system owners are also eligible for the Federal Investment Tax Credit, or ITC, if you buy your own solar system outright. The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%.3 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans let you buy and own your own solar system with a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle. Whichever one you choose, we’ll help you take direct advantage of the Pennsylvania solar incentives that might be available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
Sounds pretty sweet right? But don’t take it from us—take it from the satisfied customers who have already gone solar with Sunrun. Ready to start saving? Get a free quote today.