Solar incentives in D.C.
What type of solar incentives are available?
Several types of incentives can help you go solar.
Solar Renewable Energy Credits (SRECs) are an incentive used to encourage solar adoption. The District has a valuable SREC market. SREC demand remains high due to the RPS Expansion Act of 2016, which expanded D.C.’s renewable energy target to 50 percent by 2032. Included in this RPS (Renewable Portfolio Standard) is a 5 percent “carve out” for locally-based solar. This carve out is enough solar to power 225,000 D.C. homes.
Below you will find a table that lays out the new RPS and ACP guidelines through 2032. You can find the most up-to-date SREC market prices at SRECTrade.com.
D.C. does not have legislation that allows for residential Property Assessed Clean Energy (PACE) programs. However, commercial PACE is available. All commercial properties, including office space, multi-family, industrial, institutional, and retail properties, are eligible. The program is run by Urban Ingenuity on behalf of the District Department of Energy and the Environment. D.C. PACE offers 100 percent financing with up to a 20-year payback period. This financing applies to projects for energy efficiency, water, and renewable energy improvements to the property.
D.C. is implementing an audacious new plan to use solar to reduce the bill of every low-income resident of the District by 50 percent. Solar United Neighbors was selected to help implement the program by providing free solar to more than 200 low-income D.C. homeowners through solar co-ops. Households that earn less than 80 percent of the area’s median income are eligible to have their system paid for under Solar for All. Join a D.C. solar co-op and take advantage of the new incentive.