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Solar Panel Cost in Reading, Pennsylvania
Local pricing, savings, and net metering data for Reading homeowners.
$1,460
Annual Savings
11.9 yrs
Payback Period
$17,322
Net Cost
$32,549
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Reading
System Size
8.4 kW
Annual Production
10,355 kWh
Gross System Cost
$26,174
Federal Tax Credit (30%)
-$7,852
State Incentive
-$1,000
Net Cost
$17,322
Monthly Savings
$122
CO₂ Offset/yr
9,526 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityPPL Electric
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit110% of annual consumption
Electricity Rate$0.141/kWh
Peak Sun Hours4.2 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Pennsylvania State Incentive — Pennsylvania offers a Solar Renewable Energy Credit (SREC) program.
Common Questions
How much does solar cost in Reading?
Solar in Reading, Pennsylvania costs approximately $26,174 for a 8.4 kW system. After the 30% federal tax credit, your net cost is about $17,322.
What is the solar payback period in Reading?
The estimated payback period for solar in Reading is 11.9 years, based on a $150/month electric bill and local sun hours of 4.2 hrs/day.
Does PPL Electric offer net metering?
PPL Electric offers Full Retail net metering. Full retail rate.