Harness the Power of the Sun with D.C.’s Solar Incentives and Rebates
Going solar is an economical and eco-friendly choice for homeowners in Washington, D.C. Despite ranking 49th among the sunniest states, D.C. enjoys abundant sunshine, with temperatures ranging from 90°F to 100°F during peak months. Embracing solar energy can help you cut costs while reducing your environmental impact. Keep reading to discover how you can benefit from the District’s solar incentives and rebates.
D.C.’s Solar Incentives, Rebates, and Benefits Explained
Renewable Portfolio Standards (RPS)
The District has set a Renewable Portfolio Standard (RPS) of 20% renewable energy by 2023. Utility companies face penalties if they fail to meet this target, incentivizing them to promote solar panel installations for homeowners.
Net Metering
D.C. homeowners with solar panels qualify for net metering through Potomac Electric Power Company (Pepco). This program allows you to feed excess energy from your solar system back into the grid, earning credits to offset your electricity costs.
Interconnection Standards
The District’s interconnection standards facilitate the smooth integration of solar and other renewable energy systems into the grid, making installation easier and more cost-effective while ensuring reliable net metering.
Performance-Based Incentives (PBI)
Washington, D.C., offers generous Performance-Based Incentives (PBI), also known as Solar Power Performance Payments. You earn credits based on the actual energy your solar system generates, measured in kilowatt-hours (kWh) or BTUs.
Solar Incentives and Energy Rebates
Substantial rebate programs are available to reduce the upfront cost of installing a solar system. Check with your solar installer to see if you qualify for any of the District’s valuable rebate programs.
Property Tax Exemption
Installing solar panels won’t increase your property taxes. The value added by your solar system is exempt from reassessment, allowing you to enjoy the benefits without additional tax burden.
Solar Renewable Energy Certificates (SRECs)
By installing a new solar system, you may qualify for Solar Renewable Energy Certificates (SRECs). For every megawatt-hour (MWh) of clean electricity your panels generate, you can earn money by selling SRECs on the market.
Solar for All Programs
The District’s Solar for All Programs aim to provide solar energy benefits to 100,000 low-to-moderate-income households. Qualified tenants and homeowners can expect up to 50% savings on their electricity bills over 15 years.
Federal Investment Tax Credit (ITC)
In addition to D.C.’s incentives, residents can claim the Federal Investment Tax Credit (ITC), currently valued at 26% of the total system cost, as a deduction on their income tax.
Embrace Solar Energy in D.C. Today!
Whether motivated by cost savings or environmental consciousness, embracing solar energy is a wise choice. Consult with a reputable solar company to explore the incentives and rebates you can leverage to make the switch to clean, renewable energy in the nation’s capital.
