Incentives >> Commercial and Non-Profit Solar Incentives
|PENNSYLVANIA COMMERCIAL SOLAR INCENTIVESSolar Thermal:
There is a rebate for 35% of installed system cost, capped at $52,500 for small businesses.
Solar Renewable Energy Certificates (SRECs):
SRECs are slightly different from standard RECs, as they are only produced by solar systems. Standard RECs are produced by any renewable source. This includes sources such as wind, biomass, hydropower, etc. SRECs are, therefore, less common and more valuable than standard RECs.
You are guaranteed to receive payments for your SRECs for 15 years; the price for an SREC changes every day. To see how much extra cash you could make by selling your SREC’s follow this link for a free solar installation quote.
FEDERAL COMMERCIAL SOLAR INCENTIVES
Commercial Federal Grant:
For all commercial solar electric and solar hot water systems there is a federal grant equal to 30% of the total installation cost, with no maximum limit. This grant is issued by the Treasury Department and paid within 2 months of the completion of your solar power project.
Federal Acclerated Depreciation:
Modified Accelerated Cost-Recovery System (MACRS): All commercial solar electric and solar hot water installations are classified as five-year property.