18 Best Solar Companies in Philadelphia, PA (Aug 2022 Review)

The Cost and Benefits of Solar in Philadelphia

Although solar panels can save you a good amount of money on power bills over time, it's necessary to know the startup costs. The overall price and potential savings vary depending on a few important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $15,000 over 20 years with your solar panels, too.
• How much energy your household consumes: Households that need lots of energy each month may require more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• The amount of sunlight your area gets: Because of Philadelphia's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Your power bills: This will dictate how much you can save. In Philadelphia, the average homeowner can save about $1,100 a year on their electricity bills.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Additionally, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Philadelphia

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. There are a lot of federal, state and local rebates and tax credits that earn a decent amount of money back after paying for solar panels. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Philadelphia

There are a few important reasons why homeowners are interested in solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Philadelphia, though. In Philadelphia, where the energy generation could be cleaner, going solar can have a significant impact on the planet since solar power is a renewable source of energy. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Philadelphia, you can reduce your carbon footprint by 60 pounds a year with solar panels. The perks of solar power are infinite — just like solar power is! That's why so many people have been happy with using solar energy.