It’s often been said (and we agree) that Virginia is for lovers... of solar power, that is. From Virginia Beach to Roanoke, homeowners in the Commonwealth are going solar and saving hundreds of dollars on their electricity bills. Thanks to falling installation costs and strong solar rebates and incentives, going solar is a smarter investment than ever in the Old Dominion.
The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.
What are the best solar power rebates and incentives in VA?
If you’re a solar shopper in Virginia, you have many solar rebates and incentives available to reduce your solar installation costs:
Net metering in Virginia
When you sign up for net metering, you get credits on your electricity bill for every extra kilowatt-hour of solar electricity that you send back to the grid. When you need more electricity than your solar panels are producing, you can use your net metering credits to make up the difference – helping you to balance out your electricity production and use. Dominion Energy offers the top utility net metering program in Virginia.
The benefits of going solar in Virginia
Federal solar energy tax credit (ITC)
Without a doubt, the federal solar tax credit, also referred to as the Investment Tax Credit, is one of the best incentives available for property owners in Virginia. With the ITC, you can deduct 26 percent of the cost of your solar equipment from your taxes – that means major savings on your solar installation.
Residential property tax exemption
All of the benefits of solar mean that installing a solar energy system on your home can increase your property value. That’s great news for homeowners who want to sell their property, but what about the impact of higher home value on your property taxes? Virginia has a law allowing localities to exempt or partially exempt solar from the property taxes residents pay. Note, however, that not all localities allow this exemption – currently only 30 do. If yours doesn't, you may wish to petition your Board of Supervisors to approve an ordinance to allow it.