Updated to include 2023 Washington D.C. solar incentives, tax credits, and rebates. Learn about all the ways you can cash in on big savings to help offset the cost of solar panel installation in D.C.
What’re the best D.C. solar incentives to take advantage of?
While there aren’t as many Washington D.C. solar incentives available as in other states, below are some of the local D.C solar rebates and tax credits you can take advantage of.
D.C. Solar Energy System Personal Property Tax Credit
The Solar Energy System and Cogeneration System Personal Property Tax Credit is available for D.C. residents interested in solar. When you install solar panels on your home, you are 100% exempt from paying any resulting increases in property taxes.
D.C. Solar Advantage Plus Program
The district’s Solar Advantage Plus Program is a first-come, first-serve D.C. solar rebate program for low-income residents. Those who are qualified get up to $10,000 to cover the installation costs of a 3-4kW to solar panel system. Participants own the system and can sell the resulting Solar Renewable Energy Certificates (SRECs).
D.C. Solar Renewable Energy Certificates (SRECs)
Washington D.C. residents who own solar panel systems have the option to earn hundreds of dollars each year by selling the excess power they generate back to the grid. At Solar Energy World, we calculate how much excess energy you are likely to generate, and we will set up the automatic system to earn and sell your D.C. Solar Renewable Energy Certificates (SRECs).
Net Metering in D.C
Another D.C. solar incentive is net metering. Homeowners and business owners can get a financial credit applied to their electric bills when they produce excess solar energy. For D.C. property owners, this means that credits generated during the summer can often offset higher electric bills in the winter.
Federal Tax Credits for D.C. Residents
You don’t have to limit yourself to local or state incentives. You can also take part in a federal program through the Investment Tax Credit (ITC). You can qualify for this credit as a homeowner if you purchase your PV system fully with cash or through a solar loan. You claim the credit when you file your federal taxes for the year. This credit covers 30 percent of your system costs. You can see this is a good year to add solar because federal tax credits are available and they provide a huge deduction.
Interested in adding solar panels to your single-family home? We can help you take advantage of any applicable Washington D.C. solar incentives. Solar Energy World has locations in both Maryland and Virginia and has been providing D.C. solar panel installation services for over 88 years.