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One of the best-known gardens in the Keystone State will soon be home to a massive solar plant. Longwood Gardens, which is located just outside Philadelphia, will soon see construction on a large solar farm completed, according to a report from the Philadelphia Inquirer. More… Here are the latest Solar Renewable Energy Credit settlement prices: $322.50 – Maryland If you already have a PV Solar system installed and you do not have your state applications in place to sell your solar Renewable Energy Credits you are most likely forgoing several thousand dollars a year in income. New applications ARE NOT retroactive; so any sRECs that you may have accrued to date without a state application in place is lost income! Yes you can sell your Pennsylvania SRECs to other states; however, each state requires that you have an approved application on file. Sunny Day Power can help you with your state applications and help you start earning the maximum income from your sREC immediately. For more information please contact Dennis Murphy at 610.358.6065 x115 or at dennis@SunnyDayPower.NET Sunny Day Power LLC is an approved Solar Hot Water Installer with the PA Sunshine program! One of the most expensive energy hogs in your home or business is the generation of hot water! And a solar electric PV solution is the LEAST efficient MOST expensive way to generate hot water. Put simply, if you intend to generate hot water with PV electric panels you are wasting your money! According to EnergyStar, your water heating system accounts for 14% of your energy bill. Monetarily speaking, the average household spends $400-$600 per year on water heating. A properly sized solar hot water system can help you eliminate this annual expense. The correct, cheapest, and most efficient way to generate hot water is by installing a Solar Hot Water system. And this is a great time to install a solar hot water system since the PA Sunshine grant level is still at its max tier level! Also, you will still be eligible to receive a 30% federal tax credit. If you already have a solar PV system; no problem, we can installed a solar hot water system along side it and you will be elgible to receive another sunshine grant. For more information please call Dennis Murphy at 610.358.6065 x115 or email at dennis@SunnyDayPower.NET The Residential Pa Sunshine PV program incentive level is officially in Step-4 at $0.75/watt. However, if you are a low income household you are still eligible to receive $2.25/watt. Please contact Dennis Murphy for more details at (610) 358-6065 x115 or at dennis@SunnyDayPower.NET This is a good question and may be best answered by a qualified tax adviser. Even the IRS provides an unclear answer: “The IRS has not issued guidance on how these federal tax credits will interact with State or local rebates. However, in the past, it has worked like this:
Both options will come close to the same bottom line. With consumers in tax brackets above 30% doing slightly better with a non-taxable utility rebate, and consumers in tax brackets lower than 30% doing slightly better with a taxable utility rebate” Please see the EnergyStar web site for the complete text. It is my understanding that the State of Pennsylvania will issue a 1099 for your PA Sunshine Grant; which means the first option listed above will apply. The Alternative Energy Production Tax Credit, funded for over 8 years from the Commonwealth’s general fund, was eliminated last fall as part of the budget process. Approximately 110 applicants with requests of more than $4 million in credits for the purchase of solar systems will not receive the funding. The Commonwealth’s government is faced with another dire budget situation. It is uncertain whether this tax credit will be revived anytime soon. Source: Uni-Solar news letter 6/17/2010 After approximately 1 year, the small business photovoltaic (PV) portion of the Pennsylvania Sunshine rebate program is closed. As of April 30, 2010, the fourth and final incentive step had received applications totaling more than 11 MW, more than double the amount (5 MW) specified in the step. The first three capacity steps totaled 30 MW. Incentives under the Pennsylvania Sunshine program are still available for residential and small business solar-thermal installations, and to residential PV installations. Source: Uni-Solar news letter 6/17/2010 Residential Sunshine Fund has stepped to $1.25/watt. But don’t despair if you have not secured your Sunshine grant at the previously higher level of $1.75/watt, for Sunny Day Power can now provide additional rebates & discounts to help make up some or all of the difference. Due to Sunny Day Power’s large buying power of solar equipment, Sunny Day Power can get solar panels at significant discount which we can pass on to our customers. For more details please call Dennis Murphy at 610.358.6065 x115 or email at dennis@SunnyDayPower.NET. Please remember that the PA Sunshine program has limited funds which are getting quickly disbursed; and once the Sunshine fund is exhausted; the program will be over. Those who are thinking about installing a solar power system aren’t alone. The growth of solar installations in the U.S. has been nothing short of meteoric. According to data from the American Solar Energy Society, the number of residential solar power installations in the country grew by 40 percent last year. That is even more impressive in light of the tepid economic conditions that prevailed in 2009, when millions of jobs were lost and gross domestic product contracted by 2.4 percent. Read Entire Article. Source: Cooler Plantet, Friday, July 23, 2010 at 1:46:50 PM – by Nate Lew Through the Greenworks Rebate Program, the City of Philadelphia provides a 50% match, up to $10,000, for small business investments in energy improvements. For more information, contact Jeremy Thomas at (215) 683-2153 or jeremy.thomas@phila.gov. To apply for an audit, click here, or to apply for a rebate, click here. To learn more about this program and how it can benefit your Philadelphia small business please contact Dennis Murphy at (610) 358-6065 x115 or via email at dennis@SunnyDayPower.NET Source: Greenworks Philadelphia Exchange, a newsletter from the Mayor’s Office of Sustainability, July 2010 |
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