District of Columbia Solar Incentives

Solar Renewable Energy Credits

Under D.C. law, a solar renewable energy credit (SREC), is equivalent to one megawatt-hour (MWh) of electricity derived from an eligible solar resource. Electricity suppliers must purchase SRECs in order to meet their compliance obligations under the law, or pay a Solar Alternative Compliance Payment (SACP) for any shortfalls in SREC purchases. The maximum incentive is $500/MWh or $0.50/kWh. Solar-electric systems larger than 10 kW must be equipped with a revenue-grade generation meter.

DSIRE (dsireusa.org)

Solar Energy System and Cogeneration System Personal Property Tax Credit-

The District of Columbia Council created a personal property tax exemption for solar energy systems and cogeneration systems within the District. Systems using exclusively solar energy are exempt from personal property tax.

DSIRE (dsireusa.org)

District of Columbia Property Assessed Clean Energy Financing

The District of Columbia offers a commercial Property Assessed Clean Energy (PACE) program. PACE financing allows commercial and mulitfamily property owners in the district to borrow money to pay for energy improvements. The program will provide financing for projects costing between $250,000 and $10,000,000; larger and smaller projects will be considered on a case-by-case basis. The term of the repayment is up to 20 years

Properties applying for PACE financing:

  • must be located within the District of Columbia
  • must not be in default, or have a history of default, on mortgage or property payments
  • cannot have a combined debt limit of 90% of current value (including PACE financing)
  • must have primary mortgage holders give written consent to take a secondary position to PACE loan in cases of default.

DSIRE (dsireusa.org)

Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.