New! PECO Incentive for Commercial Solar

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Effective June of 2023, PECO has expanded its incentives for commercial, industrial, government and institutional customers in the PECO service territory with interest in solar energy production.

Incentive:

The newly introduced incentive offers $0.10 per kWh of organizations’ net solar production over a period of one year. The incentive caps at the total project cost, including equipment and contractor labor costs.

Net solar production is the total or gross solar PV output minus any kWh fed back to the grid. In other words, the incentive pays customers $0.10 for each kWh produced, not including the excess energy returned to the grid.

Eligibility:

All commercial, industrial, government, and institutional (non-residential) customers in PECO’s service territory are eligible.

Eligible projects must meet the following criteria:

  • Installation and commissioning of a solar photovoltaic (PV) system at their premises

  • Ability to provide solar production trend data (to include net metering)

  • Installed, operational, and approved by PECO on or before May 31, 2026

To ensure your project lines up with the PECO commercial solar incentive, be sure to connect with your energy team and/or utility team prior to kicking off your project.

Combining Incentives:

It’s important to note the PECO incentive can be combined with other state and legislative incentives related to energy efficiency. For example, PECO’s $0.10 coupled with the IRA’s 30% tax credit for energy efficiency projects can produce a staggering return on investment within just a few years. And that’s on top of the straightforward savings on energy costs!

As a PECO Trade Ally, our Energy and Sustainability team has been trained on the PECO Ways to Save solutions and incentives. Working with a Trade Ally such as our team is the best way to ensure your project qualifies for financial incentives from PECO. 

The best clean energy plans incorporate a variety of incentives and financing opportunities. For assistance in determining your first steps, give us a call.

Paul Spiegel, PE, LEED AP | Director, Energy and Sustainability Services
paul.spiegel@ssmgroup.com | 610-609-8313