📍 Philadelphia, PA · ZIP 19101

Solar Panel Cost in
Philadelphia, PA

Live PECO Energy rate: 16.4¢/kWh · Updated June 2026 · Based on real EIA data

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$12K Net Cost After ITC
16.4¢ Utility Rate/kWh
9.4yr Avg Payback
$46K 25-Year Savings

Solar Cost Breakdown for Philadelphia

Here's what a typical 5.6 kW solar installation costs in Philadelphia, PA in 2026, based on current market pricing and live utility data from PECO Energy.

Cost ItemAmountNotes
Gross System Cost (5.6 kW)$18,000Before any incentives
Federal ITC (30%)-$5,400Applied to tax return (Form 5695)
Net Cost to Homeowner$12,600After federal tax credit
Monthly Loan Payment (25yr @ 5.99%)~$81/mo$0 down solar loan
Monthly Bill Savings~$97/moBased on PECO Energy 16.4¢/kWh

Solar Production in Philadelphia

Philadelphia averages 4.4 peak sun hours per day — moderate for solar energy production. A 5.6 kW system here will generate approximately:

TimeframeEstimated ProductionValue @ 16.4¢/kWh
Daily (avg)19.7 kWh$3.23
Monthly (avg)591 kWh$97
Annual7,195 kWh$1,180
25-Year Total179,872 kWh$46,000

PA Solar Incentives

Homeowners in Philadelphia, PA can stack multiple incentives to reduce the net cost of solar significantly:

IncentiveValueHow to Claim
Federal Investment Tax Credit (ITC)30% of system cost = $5,400IRS Form 5695 at tax time
PA Solar RebateVariesThrough installer or PA tax return
Property Tax ExemptionSolar value excluded from property taxAutomatic in most PA counties
Net Metering (PECO Energy)Credit for excess solar exported to gridApplied automatically to monthly bill

💡 Total potential savings: Between the 30% federal ITC ($5,400) and state incentives in PA, many Philadelphia homeowners reduce their net system cost by 35–45% before financing.

PECO Energy: Your Local Rate

Your Philadelphia utility provider is PECO Energy, currently charging 16.4¢ per kWh (source: EIA, June 2026). This rate determines how valuable solar is for your home — higher rates mean faster payback.

US electricity rates have increased an average of 3.4% per year since 2010. If PECO Energy's rate continues rising, your solar savings will grow each year — meaning real payback is often faster than static estimates suggest.

YearProjected RateAnnual Solar Savings (5.6 kW)
2026 (now)16.4¢/kWh$1,180
2031 (+5yr)19.4¢/kWh$1,395
2036 (+10yr)22.9¢/kWh$1,648
2046 (+20yr)32.0¢/kWh$2,303

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