Solar Energy Grants Pennsylvania

Solar renewable energy credit srec the third major financial incentive program available in pennsylvania is the solar renewable energy credit srec scheme sometimes referred to as solar power performance payments or production incentives.

Solar energy grants pennsylvania.

This is a regulation that requires utilities to increase their production of energy from renewable energy sources such as wind solar biomass and geothermal by a certain date. At this rate a 5 kilowatt kw system that generates 5 mwh per year could make an. The program is administered jointly by the department of community and economic development dced and the department of environmental protection dep under the direction of the commonwealth. Solar renewable energy certificates srecs this program enables pennsylvanians to sell the srecs that their panels generate.

Pennsylvania renewable portfolio standards. The solar industry is growing at an unprecedented rate providing emissions free power opportunities for all sectors. For each megawatt hour of energy you produce you earn an srec. Businesses and non profits may apply for loans for alternative energy production projects and clean energy projects but may only apply for grants for alternative energy production projects and for site preparation for an alternative energy system as a clean energy project.

Instead the departments provide grants to low income and rural areas alongside farms tribes schools and nonprofit organizations. In 2018 pennsylvania has over 354 megawatts of solar power generation installed at nearly 19 000 homes farms and businesses and nearly 5 000 people employed in the solar energy field. Pa philadelphia streamlined solar permitting and fee reduction green building incentive. As of late 2019 the going rate for these credits was about 24.

Peco energy offers the top utility net metering program in pennsylvania. The solar energy program sep provides financial assistance in the form of grant and loan funds to promote the use of solar energy in pennsylvania. No typical residential solar energy grants are given directly at the federal level.