Virginia, famed for its rich heritage and varied terrains, offers its inhabitants the finest of both urban and rural living. By adopting green energy through the installation of solar panels on their rooftops, Virginia homeowners contribute to the state’s mission of conserving its natural beauty and evolving into a more sustainable environment.
In addition to engaging in the eco-friendly movement, transitioning to solar energy provides Virginia homeowners with a variety of solar incentives. We are here to assist you in discovering the incentives available after you have embraced clean, renewable energy, enabling you to optimize the advantages and make the most out of your solar panel installation.
Virginia offers three primary statewide incentives for adopting solar energy:
- A Residential Property Tax Exemption
- Net Metering Programs and Policies
- Solar Renewable Energy Certificates (SRECs)
The Virginia Clean Economy Act, enacted in April 2020, mandates that investor-owned utility companies in Virginia utilize 100% clean energy sources by 2050, ensuring that net metering and SREC policies will be upheld. All of these options can also be combined with the 30% federal solar tax credit.
Let us delve into each of these solar incentive programs.
