When you install a solar system in DC, the most important solar incentives to be aware of are solar renewable energy certificates (SRECs). The District is one of the places that offers this performance-based incentive to people generating solar electricity. Even better, it’s program is the most lucrative one in the country: when you buy and install a solar panel system in DC, you can earn thousands of dollars each year just from selling the certificates your system generates.
The amount you can earn in SRECs depends on supply and demand as well as how much electricity your system generates. You generate one SREC for every megawatt-hour (MWh) of electricity produced. So, an average eight-kilowatt system generates about 10 MWh per year. The current cost of an SREC is between $380 – $435. That means the average solar household could earn over $3,800 per year.