There are many opportunities to help you offset the out-of-pocket costs to install a solar generating system. One of the best ways to understand costs and incentives is to use a tool to help you calculate your solar potential. PECO's solar calculator helps you assess your rooftop solar potential by combining your historical usage data with solar data in your area to provide a personalized evaluation for your property, including any incentives and credits.
Federal and state incentives are offered to PECO customers who choose to go solar. To learn about any incentives you may qualify for, launch our solar calculator.
Solar renewable energy credits (SRECs), also called alternative energy credits in Pennsylvania, may help customers finance and invest in a solar system. SRECs are created for each 1,000 kWh of electricity produced by a qualified alternative energy source.
The value of SRECs is measured in $/MWh (1MWh = 1,000 kWh). SREC prices fluctuate in value. Because they are bought and sold on an open market, several factors influence their price. The most important thing to know is that SREC prices are determined by supply and demand.
In Pennsylvania, customers with a solar system must apply to the Public Utility Commission’s Alternative Energy Credit Administrator to be qualified as an alternative energy facility. Customers also must register with the PJM Generation Attribute Tracking System, which is a credit issuance and tracking system for SRECs.
More information about SRECs in Pennsylvania can be found from
PJM Environmental Information Services and the
Pennsylvania Alternative Energy Credit Administrator.
Taxpayers can claim a Federal Income Tax Credit (FITC) of 26% for qualified expenditures on a solar system that provides electricity to their residence (owned and lived in by the taxpayer). For more information, visit
For a personalized assessment of the credits and rebates you may qualify for, launch our
When you have a solar system and are being billed for net metering, you are charged only for the net amount of energy you use during each billing period. In other words, this is the the amount of energy we deliver to you minus the excess amount you send back to the smart grid. If you send more energy to the grid than we deliver, you can receive credits on your bill. This program allows you to make full use of your own solar energy system, giving you more control over your energy costs.
Learn more about net metering.