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PA Announces New Solar Tax Credit

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:

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