We’re launching a brand new group discount on solar in Pittsburgh today, where the state’s lucrative SREC program makes it kind of ridiculous not to go solar. As you can see from the infographic, the incentives combined with the group discount make it cost about as much as a mid-range car, while the earnings back to you would be about $105,000 through avoided electricity bills and the state’s SREC program. It’s a no brainer.
Here’s what makes Pittsburgh such a great place to go solar:
- Pennsylvania’s state solar rebates of $1.25 per watt. State solar rebastes in Pennsylvania pay for a full 22 percent of your installation costs.
- SRECs or “Solar Renewable Energy Credits.” This amazing program allows homeowners to receive checks in their mailbox for an unlimited amount of time, simply for having panels on their roof. Very few states have SREC programs available, but New Jersey is one, where a similar program has fueled a solar frenzy. (Here’s a short video on SRECs.)
- The 30% Federal Solar Tax Credit. This tax credit covers a whopping one third of the cost of your solar installation, on top of the 22 percent state rebate. The federal tax credit will be paid back to you whether you have a tax obligation or not, so it’s like cash.
- And of course, One Block Off the Grid’s Pittsburgh group solar discount, which knocks yet another 15 percent off the cost of panels and installation. This group discount includes the option of zero-down, interest free loans on solar for qualified homeowners. To get access to the discount, just sign up here. It’s free and there’s no obligation.
How do Pittsburgh households make money by going solar?
A solar-installed household in Pittsburgh makes money in three different ways.
- First off, there’s the average amount of money a household will save on electricity costs over the life of its solar system: $55,000 (this is based on an average electricity bill of about $100 a month and an average yearly utility rate hike of about six percent, so if your bills are higher, you’d save even more.)
- Then, there’s the amount of money that a household will make on SREC payments over the life of the solar system: $50,000. The average family stays in a house in Pittsburgh for about 22 years, so there’s plenty of time for all this payback to happen, but even if you don’t plan on staying in your house that long, solar in Pittsburgh starts generating cash for your household as soon as the panels are switched on.
- That means that in total, solar panels on your roof in Pittsburgh will bring in about $105,000. That’s a 624 percent return on an initial investment of $16,800 (on average).
How to access the Pittsburgh solar group discount
To take advantage of the 1BOG discount, sign up for One Block Off the Grid right now. It’s free and there’s no obligation. Your personal solar advisor will get in touch with you to help you figure out if you have a good roof for solar as well as what your savings would be. Our Pittsburgh group discount on solar will be running from August 24th through November 24th. Sign up today!
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