> If you spend $25K on a solar installation, does the value of your home increase by $25K?
I spent $25k to install solar in 2020 (also in DC like OP). The solar company estimated that my home value increased by $14K.
As part of the install, I bundled a "heavy-up" for $5K, which is an upgrade my house needed, but not strictly part of the renewable energy system. So total cash outlay was $30K.
I immediately got back 26% in a federal tax credit: $7.8K
So on balance, my system cost $8K cash, which was paid down by energy savings and SRECs within three years. The SRECs made the biggest impact.
I spent $25k to install solar in 2020 (also in DC like OP). The solar company estimated that my home value increased by $14K.
As part of the install, I bundled a "heavy-up" for $5K, which is an upgrade my house needed, but not strictly part of the renewable energy system. So total cash outlay was $30K.
I immediately got back 26% in a federal tax credit: $7.8K
So on balance, my system cost $8K cash, which was paid down by energy savings and SRECs within three years. The SRECs made the biggest impact.