Philadelphia Solar Expert Outlines Tax Incentives In New Green Economy

Sept. 30, 2009 - PRLog -- Philadelphia Mayor Michael Nutter's opening address at the World Green Energy Symposium set the stage for a greener Philadelphia with greener citizens and greener companies creating green jobs. Green Companies and Environmental groups filled the lobby of the Comcast Center with promotional and educational seminars.

David Blumenfeld of Urban Eco Electric lead a seminar on the current tax incentives available for "green projects" and specifically solar panels. He broke down how the federal tax credit works and how it applies differently depending on your tax situation. In his example, the average Philadelphian pays $1,000 to $3,000 a year in federal tax and it could take over ten years to monetize the $12,000 tax credit that results from a $40,000 solar panel installation. The federal incentive is supported by a state rebate (of about $9,000 for the typical $40,000 installation)

Then Blumenfeld laid out a way for lower and middle income Philadelphians to take advantage of the current incentives regardless of their tax status and without any upfront costs. The Solar Lease bundles the financing, construction and incentives into a single product for Philadelphia homeowners that allows them to benefit from the current incentives without having to front the initial investment on their roofs.

The video of one of his presentation is online at http://www.youtube.com/watch?v=xDnhjUDGVuw



Urban Eco Electric is a leading Philadelphia Solar (http://www.go-uee.com) financing company and an approved PV (photovoltaic) installer through the PA Sunshine Grant program.

f you would like additional information, call Wendy Pearson at 215 909-6814 or email wendy@go-uee.com