Home | Newsletter | Advertise
loading...

Georgetown Students Make Neighborhood Solar One House At A Time

  • September 16, 2010

by Mark Wellborn

A group of students at Georgetown are going door to door in DC’s oldest neighborhood in the hopes of convincing area homeowners to transition to solar power.

Georgetown Students Make Neighborhood Solar One House At A Time: Figure 1
Members of Georgetown Energy

According to GreenDCDaily, Georgetown Energy, a student-run group, has been organizing community meetings and talking to area homeowners about the benefits of solar power. Their goal is to have 40 Georgetown homes go solar by May 2011, and so far four residents have begun solar installations and 14 others are strongly considering the switch, according to GreenDCDaily.

While the future of the Earth is certainly on their minds, Georgetown Energy’s focus seems to be on cost savings, noting that the DC, Federal and Solar Renewable Energy Credits (SRECs) can help recoup 90 percent of the solar costs. Also, by ordering equipment through Georgetown Energy, homeowners can save 3 percent of the gross cost.

UrbanTurf reader Matt Latham laid out the cost structure for the his 2.6 kW solar roof system for a recent UrbanTurf Reader Asks. Below are the calculations:

  • Total Cost: $20,000
  • Fed Credit: $6,000
  • DC Grant: $8,500
  • Net System Cost: $5,500
  • 20 Year Internal Rate of Return: 18%
  • Payback: 4 years
  • Additional improvement value: $8,500

Similar Posts:

See other articles related to: solar power, green real estate dc, green dc realty, georgetown

This article originally published at http://dc.urbanturf.com/articles/blog/georgetown_students_make_neighborhood_solar_one_house_at_a_time/2480

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse