While federal and state governments are giving NJ residents incentives to install solar power, the time is now to get solar power installed for your home. As demand increases, federal and state incentives will eventually dry up. This will mean the tens of thousands of dollars currently covered by tax credits, rebates, and energy credits will no longer be available.
Pennsylvania currently has a great environment for going solar in the world. To make solar energy more attractive, the federal government is providing a 30% tax credit for Pennsylvania solar energy installation costs to homeowners. In addition, the Pennsylvania state legislature is doing its part by offering other incentives known as SRECs (see SRECs below). With our experience, GeoPeak can help you get these benefits to make solar power for your home more affordable--but the incentives will not last forever. Call GeoPeak Energy now toll free at (888) 526-4428 to get in on these incredible, limited time discounts while they are still available. We will give you all the information you need at no cost, with no sales pressure and no obligations.
The federal government provides a Tax Credit for 30% of the system cost for homeowners. This tax credit can be used starting immediately, until 2016.
Varies based on market conditions; as of April 2011 the market price for PA-sourced SRECs was approximately $220/MWh ($0.22/kWh) although some individual trades have taken place at substantially lower and higher prices.
Pennsylvania solar energy rebates aren't the only way solar power adds to your pockets. Solar Renewable Energy Certificate (SREC) programs provide Pennsylvania homeowners with solar energy an annual income. This income can be thousands of dollars in your pocket per year. These solar incentives alone have resulted in a huge spike of interest in Pennsylvania solar energy with current residents. This year, the NJ state government will issue thousands of solar installation approvals--compared to just 809 in 2008.
Having solar power will reduce your energy bill to as little as $0. Moreover, thanks to Pennsylvania's use of net metering, any excess energy you produce will ensure you receive credits against energy usage in the future.
The value of your home will increase once it has a solar power system. How much? About $20,000 for every $1,000 in energy reduction costs per year. Moreover, thanks to favorable federal laws, this home value increase will not increase your property taxes. For example, if your current electric bill is $5,000 per year and your system provides 100% of your energy needs, the value of your home after the solar installation will be $100,000 more than before installation.
Most electricity in the U.S. is produced with coal. Coal power creates greenhouse gases, which contribute to global warming. After you install solar, if your home is an average size, you will reduce the amount of greenhouse gases pumped into the atmosphere by 18,000 pounds per year. This is the same positive effect on the environment of driving 22,000+ less miles annuallyor planting about 1,000 trees over a 25-year period.