The Inflation Reduction Act (IRA) makes going solar more affordable. In Pennsylvania, homeowners installing solar panels can claim a 30% federal Residential Clean Energy Credit for eligible solar and battery projects completed by December 31, 2025. The state offers net metering that turns excess power into bill credits, plus a market for Solar Renewable Energy Credits (SRECs) you can sell based on your system’s production. IRA-funded Home Energy Rebates are slated to roll out in PA and can further lower upfront costs for qualifying households. Install with Sunwise Energy by December 31, 2025 to claim the 30% federal tax credit.
State solar incentive programs vary among states and utility companies.
Solar incentive programs for residential solar power vary from state to state. Individual utility companies may also offer varying options and rebates, in addition to the federal solar tax credit. Sunwise manages all the applicable solar rebates and immediately passes on the benefits in the form of a lower upfront cost. Our team primarily installs in Delaware, Pennsylvania, and New Jersey.
Net metering lets your solar panels earn bill credits. When your system makes more power than your home uses, the extra flows to the grid and you get a credit on your bill. Later, when you use power from the grid, those credits lower what you pay. Credits roll over month to month. Once a year, your utility totals any leftover credits and settles the balance. If you still have extra, they may pay you at their standard supply rate or reset your balance, depending on the utility.
File Form 5695, Residential Energy Credits with your tax return. You must claim the credit for the tax year when the property is installed rather than the year that it was purchased.
The IRS recommends the following steps to maximize your New Jersey solar incentive credits:
Sunwise Energy is based in Cherry Hill, NJ, and we service residential and commercial properties within a 300-mile radius. Our team is ready to help; call us to learn more or get a free quote today.
