Pennsylvania
Locals in Pennsylvania
Cosmo Solaris is committed to providing comprehensive solar energy solutions to Pennsylvania residents. With local offices in Pittsburgh, Philadelphia, Stroudsburg, Erie, and State College, we have a team of 174 in-house employees dedicated to managing every aspect of your solar panel project. Our approach ensures seamless integration of solar energy into your home, offering both environmental benefits and cost savings.
Local Expertise and Personal Management
As locals in Pennsylvania, we understand the specific needs and requirements of homeowners in the region. We assign a dedicated project manager to each project, who provides weekly updates and ensures the installation process is smooth and efficient. Our turnkey solution includes all necessary equipment, 30-year warranties, rebates, SREC/Buyback plans, financing options, design, permitting, administration, net metering, bidirectional metering, utility interconnection, and final inspections.
Complete Turnkey Solutions
Our turnkey solutions cover every process step, from initial consultation to final inspection. We handle the design, supply, installation, and administrative tasks associated with installing solar panels in Pennsylvania. This comprehensive service includes creating an account for trading Solar Renewable Energy Certificates (SRECs), which offer a production incentive for generating solar energy.
Federal Tax Credit (FTC)
The Federal Tax Credit, or investment solar tax credit, allows homeowners to claim a 30% rebate on the installation cost of a solar energy system through their annual tax returns. If your tax liability is insufficient to cover the entire 30% credit in one year, the remaining amount will roll over to subsequent tax years. This credit is available for both upfront purchases and financed systems, though it is not applicable for leased systems.
Pennsylvania Net Metering
Pennsylvania’s net metering policy enables homeowners to balance their electricity consumption by importing electricity from the grid when solar production is low (e.g., during evenings, cloudy days, or winter months) and exporting excess electricity back to the grid when production exceeds consumption. The utility company provides power credits for the surplus energy, which can be used later or rolled over to the next month. This policy operates on a one-to-one buyback basis, meaning each kilowatt-hour (kWh) of excess energy sent to the grid earns an equivalent kWh credit, which can be used throughout the year.
Pennsylvania offers a one-on-one buyback policy for the excess amount of electricity that is produced by your solar energy system. It means that the excess amount of energy is exported at the same rate at which the homeowner will import electricity from the grid. However, the excess energy is credited in kWh instead of monetary credit. For every kWh you send to the grid, you can use 1 kWh from the grid free of charge and it can be utilized throughout the year.
Renewable Energy System Property Tax Exemption
Installing a solar energy system increases your home’s value without increasing your property tax due to Pennsylvania’s renewable energy system property tax exemption. This exemption ensures homeowners do not face higher taxes despite the increased value of their property resulting from the installation of solar panels.
Solar Renewable Energy Certificates (SREC)
The SREC program rewards homeowners with one certificate for every 1000 kWh of electricity produced by their solar energy system. These certificates can be traded on SREC trading platforms, with proceeds directly deposited into a linked bank account. This program not only incentivizes solar energy production but also provides an additional income stream for homeowners. Also, you can receive the Solar Renewable Energy Certificate (SREC) amount upfront. You can choose to have this amount deducted from your total project cost, or if you prefer, you can receive the full Federal Tax Credit (FTC) on the total project cost and get the SRECs after installation.
Now, homeowners can receive their Solar Renewable Energy Certificates (SREC) upfront from Cosmo Solaris. This means we will provide the full SREC amount as a production incentive. This upfront incentive not only simplifies your cash flow but also accelerates the returns on your solar investment.
Immediate Financial Benefit: Receive srecs upfront, allowing you to reinvest in your solar system or use the funds as you see fit.
Simplicity and Convenience: Skip the complexity of managing periodic payments and enjoy the simplicity of a single upfront transaction.
we understand that upfront payment may not be the ideal choice for everyone. Moreover, if the homeowner is not interested in getting upfront SRECs, but they will still receive SRECs as per the agreement.
Learn how we’re also illuminating homes in Virginia with sustainable energy solutions.