Ppl Solar Panel Rebate

Governmental and nonprofit customers can receive up to a maximum of 500 000 per customer or parent company.

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. We recommend you hire a professional solar installation contractor who can help you in several ways. These incentive payments will average 1 000 per home.

After the work is completed the customer can apply online or mail in the rebate form. In addition residential customers can apply for a ground source heat pump rebate of 217 per ton up to a maximum of 1 200. A contractor will help weigh the equipment and installation costs and the expected payback period on your system. A residential customer can apply for a solar panel rebate of 2 per watt up to a maximum of 5 000.

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. 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. Philly plays host to 10 of the state s population so the rebates have a chance to make a real impact in the lives of people who want to go solar in 2020. 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.

The applications for the rebates for appliances and equipment must be submitted within 90 days of installation. The payback period is the number of years it will take before the savings generated by your system offset the initial investment. If ppl is your electricity supplier you generally will receive a check in the mail from us each may for excess energy you return to the grid. Change from one supplier to another.

Unfortunately with funding exhausted for the statewide solar power rebate program other gaps in policy have drawn pennsylvania back to the middle of the solar friendly pack. The rebate is paid by the city for commercial or residential solar installations completed after july 1 2019. 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 has a spending cap of 500 000 per fiscal year.

Ppl utility maintains a database of all participating contractors that the customers can reach out to for installations. This payment is based on the price to compare at the time of the payout. Change from ppl to another supplier.