SUNBEAM INNOVATIONS
While Pennsylvania does not currently offer a specific state-level income tax credit for solar, the combination of heavy federal tax relief, robust net metering laws, and the state's active SREC market makes it a highly profitable environment for renewable energy investment.
The financial foundation of your solar investment is the Federal ITC. This program allows you to deduct 30% of your total gross solar and battery system cost directly from your federal income taxes. If your system costs $26,000, you are eligible for a $7,800 federal tax credit. There is no maximum cap, and the credit rolls over to the next year if your federal tax liability cannot absorb the full amount immediately.
Thanks to Pennsylvania's Alternative Energy Portfolio Standard (AEPS), utility companies are required to source a percentage of their power from solar. To meet these mandates, they purchase Solar Renewable Energy Certificates (SRECs) from homeowners. For every 1,000 kilowatt-hours (kWh) of electricity your system produces, you earn one SREC. You can sell these SRECs on the open market, creating an ongoing stream of direct cash payments over the lifetime of your system.
If you live within the city limits of Philadelphia, you may also be eligible for the Philadelphia Solar Rebate program. This local initiative provides a direct cash incentive based on the kilowatt capacity of your system, further lowering your upfront costs. SunBeam Innovations monitors the funding blocks for this program to ensure eligible clients secure their rebates.
Our engineers will build a custom solar blueprint engineered for your operation — backed by 30-year linear warranties and Tier-1 equipment.
