There has never been a better time to soak up the sun in Pennsylvania than now, especially in the state of Pennsylvania. Pennsylvania-based Exact Solar recently announced the commissioning of its first solar power plant in Philadelphia. ExACT Solar, one of the fastest growing solar companies in PA, is a PA solar installer who describes himself as "the world's first and only full-service state-of-the-art installer of solar modules for residential and commercial use."
The two solar power plants will operate with a total capacity of 220 megawatts and are expected to produce almost 450,000 MWh of electricity per year. The system, installed by Borrego Solar and Reading Electric, is expected to reduce ReadingElectric's energy costs by more than $700,000 over its lifetime, according to Exact Solar.
The figures below show the estimated amortisation and break-even period for the two solar power plants. The above savings have been calculated using the PPA, but these factors can affect the price.
U.S. government data and statistics on solar energy in Pennsylvania from the Pennsylvania Department of the Environment (DEP) and the Pennsylvania Solar Energy Commission.
Incentives for solar energy producers vary by market, with Pennsylvania renewable energy certificates from solar panels (SRECs) costing between $32 and $55 per MWh. While the price of solar panels continues to decline, the economic environment for electricity - the creation of solar and solar systems (also called solar or photovoltaic systems) in Pennsylvania - is still favorable, although prices for SreCs in PA are still relatively high. Pennsylvania offers incentives for installing alternative energy, including solar panels, wind turbines, geothermal, hydro, and biomass. US states behave similarly to other US states such as New York, California, New Jersey, Massachusetts, Connecticut, Rhode Island, Maryland, Illinois, Florida, Ohio, Michigan, Pennsylvania and Wisconsin.
When the Hankin Group built a two-megawatt solar park in 2011, the company planned even more solar power plants. Currently, SRECs can generate regular, ongoing revenue that increases the ROI of a home solar system. Solar panels for homes typically cost between $1,000 and $2,500 per MWh, plus the cost of installing federal tax credits. Your own solar system for your home will provide electricity for you, but not for your family, business or neighbors.
It would be hypocritical of me to suggest this course to my fellow Americans who do not practice what I have preached. I invested in solar energy on my farm in Bucks County, Pennsylvania, but it has not penetrated the Pennsylvania energy market, as is the case in other states, partly due to contradictory financial incentives.
Granahan helps customers to switch to solar energy by designing and installing solar panels, discussing available incentives and obtaining the necessary permits and formalities. He says people need to find ways to collaborate with solar development, according to the nonprofit organization that provides access to solar for business groups.
If you want to make a difference and perhaps save some money in the long run, you should explore solar panels in Pennsylvania. The aim is to encourage those considering solar energy for their homes to gain a basic understanding of the potential of this technology in their region and to discover the best opportunities for clean energy.
If you don't have time to become an expert in solar systems, economics and installation, the best shortcut is to find a trusted and efficient solar company. Choosing a solar installer is probably the most important step towards solar energy for any homeowner looking for good solar companies in Reading, PA. If you need to fund the installation of solar panels on your Reading Electric Power System (PEP), one of the most cost-intensive - and effective - ways to do this is to use a local solar energy company, such as Reading Solar Energy. We recommend reading our guide to choosing a solar company to learn more about the pros and cons of different solar installers.
In theory, solar power could provide 30% of the state's electricity, but the growth of solar production is slowing. According to the Solar Energy Industries Association, "The Solar Investment Tax Credit, which went into effect in 2005 and is extended through 2021, allows homeowners to deduct the cost of installing residential and commercial solar panels from federal taxes. There is a government Sunshine Solar Program that provides discounts to homeowners and small businesses that install solar panels on their homes or businesses. It takes about 8-10 years for a solar-powered photovoltaic system to pay for itself, and the 10% return on the investment is about $1,000 to $2,500 per kilowatt hour (kWh) of electricity.
Romich said it takes about 7 to 9 hectares to generate one megawatt of electricity from a solar system. It needs 1 MW to produce 1 MW of electricity, enough to supply 28,000 households. Pennsylvania ranks 11th in the nation in solar installed capacity and electricity, but accounts for only about 1% of the state's total electricity generation. A credit for alternative energy means that for every MWh of electricity produced by a photovoltaic plant in our state, we receive about $1,500 in tax credits for the cost of solar energy.