- Generating electricity from this sunlight could contribute to meeting up to 20 percent of the District’s power demands of local homes and business
- Solar generation is the least cost option to produce local energy compared with the cost of purchasing electricity generated from other energy sources.
- The District needs to remove existing barriers in order to achieve its goal of 5 percent of all electricity coming from sites in the District solar by 2032, equivalent to reaching 550 MW solar capacity.
- Significant financial incentives are generally available to customers wishing to install distributed generation, however, both SREC prices and program incentives can vary from year-to-year, creating uncertainty regarding payback periods for solar investments.
- The Value of Solar analysis found that the utility system total value of solar is $132.66/MWh (2015$) and the societal total value is $194.40/MWh (2015$) (both calculations for 2017–2040 and levelized with a 3 percent discount rate).
- The District has a maximum solar generation potential of 1700GWh (gigawatt), primarily from large multi-family-buildings, government, commercial and industrial buildings, although small residential rooftops accounting for 21 percent of the District’s technical solar potential.
- Over a 25-year study period, at current distributed solar penetration levels, the typical residential non-solar customer in the District would experience an additional cost of $0.28 per year on average due to distributed solar.
- In 2016, the cost for a 4-kilowatt (kW) system was approximately $13,000. Even leasing arrangements through third parties generally require minimum credit scores or debt-to-income ratios, which can exclude many low-income customers.