DDOE Proposes to Reduce Solar Rebate
For those following previous posts, DDOE was given authority by the DC Council to reduce the solar rebate amount. Yesterday, DDOE published a proposal and is looking for comments on the proposal. Any first reactions? If so, feel free to post comments here. The proposal will reduce the existing rebate in half for most projects.
The dynamics are: solar panel prices have dropped since the original formula was released, DC Council and DDOE have raided the trust fund that provides these rebates – lowering the funding available, and there is a great demand for solar in DC – so DC is looking to fund more projects at a lower rate. If you are sitting on the sidelines thinking about solar, GET YOUR NAME ON THE WAITING LIST. It is unclear whether rebates will be offered after the REIP sunsets in 2012.
Text of DDOE Proposal…
Revised Rebate Amounts for the Renewable Energy Incentive Program