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Pennsylvania Solar Power Can Save You Money
Many residents of Pennsylvania may not be aware how much money they may be forced to spend on their home energy use as a result of major and unpredictable changes in the Pennsylvania power market. Under Pennsylvania’s Electricity Generation Choice and Competition Act of 1997, electric rates – which are comprised of generation, transmission, and distribution – were capped to ease the transition from state regulated markets to competitive markets. This law allowed residential customers to have direct access to and purchase power from independent electricity supplies while still enjoying relatively low electricity rates and having their electricity physically delivered by electric distribution companies regulated by the Pennsylvania Public Utility Commission (PUC). As of January of 2011, these caps have expired. While customers are still free to shop for their electricity, the PUC expect electricity rates to go up regardless of customer choice. Furthermore, the PUC cannot predict how much electricity rates in Pennsylvania may go up as any increase is totally dependent on acquisition costs of the utility providers.
Fortunately, Pennsylvania has taken the necessary steps to begin building a renewable energy infrastructure for its residents to tap into to help mitigate some of the uncertainty associated with its traditional power markets. Part of Pennsylvania’s renewable energy platform includes substantial solar incentives to promote solar power throughout Pennsylvania as well as reduce the cost of solar in Pennsylvania.
Pennsylvania adopted a Renewable Portfolio Standard called Alternative Energy Portfolio Standard (AEPS) which mandates that 18% of all retail electricity provided to state residents be from alternative-energy sources by 2021. Even better for those interested in solar, the AEPS has mandated that a certain percentage of electricity each year must be from PA solar energy. Last year’s requirement was about .012% of all retail electricity which will gradually increase to .5% by 2020. As a result of these mandates, solar in PA has really blossomed and now Pennsylvania is a national leader in solar installations. In fact, Pennsylvania installed over 46 MW of solar PV systems last year, ranking it sixth in the U.S behind California, New Jersey, Nevada, Arizona, and Colorado…that’s enough solar energy for approximately 17,000 homes!
Furthermore, Philadelphia and Pittsburgh were named as one of the “Solar America Cities” by the U.S. Department of Energy (DOE) which means that these cities have been working to accelerate the adoption of solar energy technologies for a cleaner, more secure energy future. So whether you live in Philadelphia or Pittsburgh and want to go solar, there will be a rebate and/or incentive that will help make PA solar power a reality for you. By investing in Pennsylvania solar, Pennsylvania residents can insulate themselves in spikes in their electric bill but they can also substantially lower their electric bill. For example, if your average electric bill is $150/month, solar power in Pennsylvania may be able to save you over $1,250 each year!!
Home Solar Financing
While many Pennsylvania residents may be excited at the prospect of investing in solar panels for the home, since the average residential solar system can cost between $15,000-$25,000 after rebates and incentives, this may represent too large of an upfront investment for most people. Not too worry…our PA solar installation partners recognize this have developed a number of solar financing options to help residents invest in solar power without having to come up with such a large up-front payment. Whether it is a great interest rate on a home equity loan, a solar lease, or a power purchase agreement, there are plenty of options for consumers to consider making solar in Pennsylvania a reality. So even if you do not think you can afford the cost of solar up front, make sure you still talk to PA solar companies who educate you on all available solar financing options.
Home Solar Benefits
The benefits of home solar power are numerous, especially when it comes to saving money. Solar panel owners no longer pay utility companies thousands of dollars each year, because a home solar system can lower electric bills by 70% or more. And now, with current government rebates and incentives, solar roofs and shingles cost homeowners only about half as much. Many solar companies in PA have fantastic financing programs that can require as little as $0 down. By installing solar you can not only increase your home value by $20,000-$40,000 but also protect yourself from ever rising electricity costs. In a little as a minute, you can fill out the solar quote request above and begin receiving free estimates from qualified PA solar installers today!
Hiring the right solar energy installer is essential to a hassle-free, efficient home solar installation. PA solar panels are a large investment, not only for your wallet, but for your property. Make a payment now to ensure large future returns. To ensure that your system runs optimally, you’ll need to hire a certified and experienced solar professional who can guide you through every step of the solar installation process- from low interest finance options to maintenance- and help you avoid the common mistakes that people make when going solar. All of our solar installation partners are highly qualified, Pennsylvania solar energy professionals. When you get a quote through Solar-Pennsylvania.org, rest assured that you are getting a residential solar quote from reputable and professional solar installers.