Grab Your $6,000 Solar Rebate While You Still Can!
Now is the time to get in line for a DC Solar Rebate – before the funding is gone! Prices of solar panels are at an all-time low, making the decision to go solar a great long-term investment. A recentcomparison of solar costs in the District indicates that the return on investment from installing solar panels varies from 6-10%. The existing 30% Federal tax credit, along with renewable energy credits that accrue with your solar project, make the economics of solar very favorable.
- $25,000 has been paid out (5 requestors have received checks)
- $598,000 are in the final approval stages (86 requestors will receive checks soon)
- 383 additional projects are on the waiting list.
- DDOE reports that usually about 40% of those that submit the initial application actually decide drop out of the process.
- Assuming that 230 of the 383 people on the waiting list are funded at an average of $6,000, then the full $2 million will be expended and new entrants to the waiting list will not be funded.
- If the average rebate award and/or the acceptance rates are higher, some at the bottom of the existing waiting list may not receive funding from the $2 million pot.
- If the average rebate or acceptance rate is lower, new entrants to the waiting list may get funding (so act fast and get your name on the list).
- It is possible that the DC Sustainable Energy Utility (SEU) will add funding for additional solar rebates – they added a small amount last year.
- Community activists with DC SUN are calling upon the DC Council, Mayor, Department of Environment, and the SEU to work together to renew the DC solar rebate program for another four years.
- DC SUN’s proposal is discussed in this blog post.
Vice President – DC SUN