Ppl Solar Panel Rebate

The ppl electric utilities solar geothermal utility rebate program is a local government state government federal government residential nonprofit and schools program for those who have energy efficient improvements made with the following.

Ppl solar panel rebate.

On august 14 2019 mayor kenney of philadelphia signed a law which created a solar rebate. Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates. The role of the contractor. Home tax credits rebates savings please visit the database of state incentives for renewables efficiency website dsire for the latest state and federal incentives and rebates.

In addition to the state specific incentives and programs mentioned above you can reduce the cost of your solar panels system by 30 percent thanks to this great government program. The program offers up to 500k. The federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes. Solar is actually excluded from the rebate eligible expenses.

The program has a spending cap of 500 000 per fiscal year. Stathos director of customer programs and services for ppl electric utilities. The value of solar incentives in pennsylvania is even greater when taking into account the recent extension of the federal investment tax credit itc for solar. A contractor will help weigh the equipment and installation costs and the expected payback period on your system.

These incentive payments will average 1 000 per home. So much for the state giving it more than ppl. After the work is completed the customer can apply online or mail in the rebate form. These rebates could be a deciding factor for someone who is thinking of going forward with a solar photovoltaic array or ground source heat pump project said thomas c.

Ppl utility maintains a database of all participating contractors that the customers can reach out to for installations. Ppl electric utilities on thursday 3 4 announced a rebate program to benefit customers who install solar panels or ground source heat pumps. Imo as long as the materials are certified energy star and the contractor is registered and i can prove that they were installed correctly that should be enough. Ppl still offers a price close to retail power prices giving good value for excess solar power customers export to the grid what is net metering and what is a feed in tariff.

We recommend you hire a professional solar installation contractor who can help you in several ways. The payback period is the number of years it will take before the savings generated by your system offset the initial investment. Ppl customers can still take advantage of the 26 federal solar tax credit to install solar panels until it reduces at the end of 2020.