Solar State Incentives & Tax Credits

Pennsylvania Solar Energy Incentives

Pennsylvania’s Alternative Energy Portfolio Standard Act of 2004 (AEPSA) requires that 18 percent of electricity sold at retail in PA derive from solar energy and other renewable sources by 2021. To reach AEPSA compliance, your energy company is prepared to pay you for energy produced by your residential solar system.

Currently, homes and businesses are eligible to receive a federal tax credit of up to 30% of the installed system cost with no cap. This program previously set to expire December 31, 2016 has been extended through 2019. The tax credit then declines in value each of the next two years.

These energy payments can be worth thousands of dollars annually. But the pricing system is complex, based on your hourly kilowatt generation recorded in solar renewable energy credits (SRECs), which are then valued by a stock exchange-like market. That’s why JK Mechanical takes care of the process for all of our customers.

With JK Mechanical as your solar partner:

  • We manage your SREC paperwork with the state and your energy company.
  • We keep track of your kW production and work hard to find you the best rate.
  • You sit back and wait for your check.  It’s that simple.

Request a quote or contact us today and learn how a JK Mechanical solar installation can make money for you.

Energy Loans and PA Solar Incentives from JK Mechanical Maryland Solar Energy Incentives

Tax credits valid through 2016.Additionally, state grants may be available to help reduce your total investment by almost 50%. The current payback on a typical solar system installed in Maryland is between six and seven years.

Additional incentives:

Maryland Sales Tax Incentive

  • Offered for homeowners installing a photovoltaic solar system
  • Maximum incentive: $3,000 residential, $4,500 non-residential
  • 100% exemption from sales and use tax

Maryland’s Residential Clean Energy Tax Credit

  • Offered to residential, commercial, agricultural installing photovoltaic and solar thermal electric
  • Maximum incentive: $2.5 million (total credits allowed during five-year period)
  • No specific size restrictions, however initial credit minimum is $1,000
  • Valid through 12/31/2015

Earn Money with Solar Renewable Energy Credits

If you produce more energy than you use, you can sell it back to the utility company for electricity credits – saving even more money.  In Maryland, power companies are required by law to obtain a minimum percentage of their electricity from alternative sources such as solar power. Rather than create a costly solar facility themselves, the companies may meet this requirement by purchasing SRECs from other companies or individuals who generate renewable energy with a solar panel system, including homeowners with a personal solar panel system installed. Because solar must be purchased within the state, the SREC prices have remained stable at $125.

Request a quote or contact us today and learn how a JK Mechanical solar installation can make money for you.

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