18 Best Solar Companies in Philadelphia, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Philadelphia

While solar panels can help save you money on utility bills over time, it's important to consider the upfront costs. Some key things that influence how much it will cost and how much you could save include:

• The model of solar panels you want: More efficient models have higher prices, so that will influence your budget for your solar project.
• How much energy costs for you: The typical household in Philadelphia pays around $1,100 a year on power alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Electricity consumption: The average household in Philadelphia uses a decent amount of, and consequently may save on their energy bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Philadelphia

Although a solar power system is typically a large investment, it can save you a substantial amount of money in the long term due to reduced energy bills and government incentives. These incentives typically take the form of cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost you pay for installing solar panels by 30%, upwards of 50% in some cases. For more information about incentives for homeowners in Philadelphia, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Philadelphia

An important reason so many homeowners are considering going solar is to help reduce their environmental impact. A question many might be wondering about is how much can they really help protect the environment by switching to solar power anyway? A key thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar energy for your home can help offset that. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.