While the cost of a D.C. solar panel installation will vary from project to project, this guide explains a little about what you can expect when purchasing a solar system in Washington D.C.
How much do solar panels cost in D.C.?
The installation cost of D.C. solar panels ranges anywhere from $14,500 to $19,500. There are purchase options, tax credits, and other incentives that can knock this cost down by thousands, and most people who have installed D.C. solar panels systems see it pay for itself within 6 to 10 years.
How does a D.C. solar panel system pay for itself?
Property owners who install solar energy systems on their D.C. homes can:
- Save an average of 50-100% on their monthly utility bill
- Generate hundreds of dollars a year selling Solar Renewable Energy Credits (SRECS)
- Gain equity from an increase in home value (usually 4% more than comparable homes without solar panels)
- Use less energy during peak energy consumption hours
- Minimize air pollution by contributing to a reduction in fossil fuels
- Support the creation of jobs generated by the solar energy industry
How can you reduce the cost of a D.C. solar panel installation?
If you’re looking to reduce the cost of installing solar panels, you can do so by taking advantage of local and federal D.C. solar tax credits and incentives. These incentives can help you save thousands of dollars on solar panel installation costs, and there are also lease options available that require no down payment.
How do you buy a D.C solar system?
When determining the cost of a D.C. solar panel system and how to pay for it, there are two main options to choose from:
Purchasing with Cash/Credit/Traditional Financing
When you buy your D.C. solar panel system outright, you can expect to see a 50-100% savings on your monthly utility bill. Solar Energy World offers $0 down financing options, based on creditworthiness.
Lease or choose our RateGuardian™ PPA to Pay $0
To pay nothing for your D.C. solar panel installation, you can finance your solar panel system with a Power Purchase Agreement or Solar Lease. Pending credit approval, our PPAs and Leases enable D.C. homeowners to put down $0. With our Solar PPA, D.C. residents pay nothing for solar panels and installations are able to lock in a lower rate for electricity (up to 30%) than their utility provider offers.