Why Pennsylvania Homeowners Should Go Solar Now
Pennsylvania, known for its picturesque landscapes and historical significance, is now making waves in the world of clean energy. With recent energy rate increases hitting homeowners, the time is ripe for residents to embrace solar power as a reliable and financially savvy solution. This blog will delve into the benefits of going solar in Pennsylvania, including federal tax credit incentives, Solar Renewable Energy Credits (SRECs), and the urgency to act before power companies reach the renewable energy resource threshold set by the state.
Rising Energy Rates and the Need for Change
In recent years, Pennsylvania residents have experienced a notable increase in energy rates. These rising costs can significantly impact household budgets and place financial strain on families all ready under duress from inflation. Enter solar power – a sustainable, cost-effective solution that not only helps combat climbing energy bills but also contributes to a greener future...Plus an much better ROI since you can own your power verses renting it!
Federal Tax Credit Incentives: The Sun That Keeps on Giving
One of the most compelling reasons for Pennsylvania homeowners to make the switch to solar is the federal Investment Tax Credit (ITC) of 30%. This incentive allows homeowners to deduct a percentage of their solar installation costs from their federal taxes. By going solar now, homeowners can take advantage of this enticing opportunity to reduce both their environmental impact and tax burden and cash in on some SRECs as well!
Shining Light on SRECs
Pennsylvania's commitment to renewable energy is evident through the implementation of Solar Renewable Energy Credits (SRECs). These credits are earned by solar system owners based on the amount of clean energy their systems produce. Homeowners can then sell these credits to power companies, providing an additional source of income. This financial incentive, combined with the ongoing savings on energy bills, makes the decision to adopt solar power even more appealing.
The Race to Renewable Energy Threshold
Pennsylvania has set an ambitious goal to increase the use of renewable energy sources to meet the state's power demands. This goal has translated into a renewable energy resource threshold for power companies. Once this threshold is reached, the landscape of incentives and benefits for solar adopters might shift. Homeowners who wait too long to embrace solar could miss out on the current array of incentives and find themselves facing a less advantageous solar market.
Conclusion: Seize the Solar Opportunity
The sun-soaked roofs of Pennsylvania hold the promise of substantial energy savings, reduced carbon footprints, and financial incentives. With energy rate increases, federal tax credit incentives, and the allure of SRECs, the advantages of going solar are crystal clear. Moreover, the urgency to act stems from the impending renewable energy resource threshold, which could alter the current solar landscape. Whether your solar serious or solar curious, try this free solar calculator tool to see what the potential solar savings are on your home!