Yesterday, Pennsylvania Governor Edward Rendell announced a new tax credit for renewable energy projects, including solar panel installations, that were completed in the state in the last half of 2008 (July-December). The tax credit is equal to 15 percent of the net cost of such projects. The program budget for 2009 is $5 million. If you completed a commercial solar installation in Pennsylvania in those six months, apply for the credit by this September 15th. Pennsylvania made a splash earlier this year with its long-awaited solar rebate program. If you’re not pursuing solar or another renewable energy project in PA, the governor sure thinks you should be:
“Every day, more and more Pennsylvanians continue to develop alternative energy projects. By doing so, they are investing in their financial futures and the future of our state,” said Governor Rendell. “The Tax Credit Program, along with the Pennsylvania Sunshine Solar program that provides rebates up to 35 percent for residential and small business solar projects, are two examples of how we can continue to work toward energy independence.
This is very good news for the solar initiative in Pa. I hope in the year 2010 you are able to increase the amount substantially.
We own 4 large buildings in the eastern part of the state. These buildings will consist of 11-12 MWS in total. The plan is to complete in 2010 and 2011.
It’s a good start. We must also work on the SREC’s.
Thank you in advance.
Jeffry Kotler