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Solar Power Virginia Incentives

Financial Benefits

In Virginia, solar energy isn’t just a trend; it’s a movement towards a cleaner, more sustainable future. The state has rolled out incentives specifically designed to boost residential solar panel installations.

These efforts aim to dismantle financial hurdles, paving the way for homeowners to embrace solar power with open arms.

Thanks to federal tax credits, net metering, and property tax exemptions, getting solar panels for your Virginia Beach home has never been more appealing.

These initiatives not only make solar energy more attainable but also underline Virginia’s dedication to renewable resources.

Ready to make the switch to solar? Solar Panels Virginia Beach is here to guide you every step of the way.

Types of Solar Incentives In Virginia

Virginia’s incentives make solar panels more accessible and affordable for homeowners, turning solar energy into a smart choice.

Federal Investment Tax Credit (ITC)

Across the U.S. and Virginia, a tax credit reduces solar installation costs, offering homeowners a significant financial incentive.

Solar Renewable Energy Credits (SRECs)

Earning an SREC for each megawatt-hour of solar electricity, homeowners can sell these to utilities, offsetting installation costs with this income.

Property Tax Exemption

Solar panels may boost home values, but Virginia exempts the added value from property taxes, benefitting homeowners.

Net Metering

Exploring solar panels for your home? You’re in for a treat with net metering! This gem lets you sell excess electricity your panels produce back to the grid.

Imagine your solar system working not just to power your home but also earning you credits.

With net metering, every kilowatt of surplus energy your solar panels generate gets you a credit with your utility company. It’s like banking energy for a rainy day—or rather, for those nights and cloudy days.

Your system produces too much you get credited. Then, when your panels aren’t covering your needs, you use those credits to reduce your bill.

It’s a brilliant cycle that maximizes your investment in solar energy, making every bit of sunlight count.
Net metering isn’t just smart; it’s financially savvy. It turns your home into a mini power station with the grid as your battery, ensuring you get the most out of your solar panels.

Ready to make the switch? Solar energy has never looked so good.

Federal Solar Investment Tax Credit

The Federal Solar Investment Tax Credit (ITC) offers a significant cost reduction for homeowners and businesses installing solar systems. It provides a 30% tax credit for the purchase and installation of a solar power system.

Eligibility Criteria

For the federal solar tax credit, install your new solar PV system at your main or vacation home in the U.S. This benefit is exclusive to the initial installer, offering a special chance for homeowners to step into solar power. 

Claiming the Tax Credit

When you file your yearly federal taxes, you can tap into the investment tax credit for your solar PV system. Just make sure your system is up and running within the year you’re aiming to claim the credit.

Don’t forget to fill out Form 5695, “Residential Energy Credits.” Missed claiming the full Federal Residential Renewable Energy Tax Credit in the first year? No worries. You can roll over the unused portion to next year’s tax return.

Keep doing this until you’ve fully benefited, provided the credit is still in play. Always good to keep a record of the leftover credit and chat with a tax pro to stay on the right side of IRS rules.

Virginia Solar Renewable Energy Credits (SRECs)

Virginia sweetens the deal for residential solar energy systems with Solar Renewable Energy Credits (SRECs). For every 1,000 kWh generated, you earn an SREC, trading green for green, boosting your solar benefits.

a small residential home with a completed solar array by SolarPanelsVirginiaBeach.com taken by Mitch
installer team posing for the camera after a completed job


Virginia’s solar scene shines with Solar Renewable Energy Credits (SRECs), exclusive to solar systems.

With a price cap for residential setups, SRECs add income on top of energy savings.

Their value swings with market supply and demand. Virginia uses SRECs to hit renewable goals, urging utilities to buy them.

This setup not only boosts your wallet but also promotes solar adoption, turning rooftops into revenue generators.

Check out the Virginia Solar Incentives guide for financial insights into going solar. With a focus on SRECs, Virginia’s strategy supports sustainable growth and benefits for solar power users.

Understanding SRECs is key to maximizing your solar investment.

Local Property Tax Exemptions

Opting for solar panel installation in Virginia Beach? You’re in luck! Local tax exemptions mean the increase in property value from your new solar setup won’t hike up your taxes. For all the details, a chat with your local tax office is a good move. Also, peek at Virginia DEQ for broader energy incentives.

Solarize Programs

In Virginia Beach, Solarize Programs and LEAP are revolutionizing solar panel incentives, making solar power both accessible and affordable. By offering group discounts, streamlined installations, and educational resources, these initiatives help homeowners and businesses harness solar energy while cutting costs, thanks to collective buying power.

Call now to get a free quote

Utility-Specific Solar Rebates

Virginia brightens the path to solar with utility-specific rebates, encouraging both homes and businesses to go solar. Different utilities offer various rebates, so eligibility varies by location and provider. Dominion Energy provides rebates for solar installations, enhancing the solar journey. Appalachian Power offers credits for surplus solar energy, rewarding those who contribute back to the grid. These programs make solar an even smarter choice in Virginia.

Below is a brief overview of potential rebates:

Utility ProviderProgram NameDetails
Dominion EnergySolar Purchase ProgramRebates for solar installation
Appalachian PowerRenewable Energy RateCredits for excess solar generation

Residential Financing

Virginia’s financing options for solar installations offer a cost-effective path to renewable energy, with many plans starting at zero down payment, easing the transition for homeowners.

Solar Panel Financing Options

Financing solar isn’t complex. It’s clear-cut, with options like government incentives, tax credits, and community programs. These choices pave the way for you to join the solar movement, steering us towards a greener future.

Your Options

Virginia’s pathways to solar energy include solar loans for full system financing, Power Purchase Agreements (PPAs) to pay for the power generated, and solar leasing for enjoying solar without ownership. Ready to go solar?

Contact us today and start your journey to renewable energy with a quote for Solar Panels Virginia Beach.

Net Metering Policies

Virginia champions net metering, rewarding those with solar panels by crediting surplus electricity back to the grid. Homes can net meter up to 10 kW, while businesses have a 500 kW cap.

This billing approach means you only pay for net energy usage, turning excess production into savings.

Virginia’s net metering makes solar appealing by crediting you for excess power at retail rates. It’s key to check your utility’s policy, as details vary. This law boosts renewable energy use, making it a smart, cost-effective choice for Virginians.

Eager to know what solar savings look like for your home? Reach out to us for a detailed solar evaluation and discover the potential for energy independence and savings. Let’s power your home with sunshine!

Call now to get a free quote


Expert answers

In Virginia Beach, the average cost for residential solar panels is $3.01 per watt, making a 5 kW system around $15,035 before incentives. With the federal tax credit, you’ll see even more savings, making solar an attractive option for your home.

In Virginia Beach, residential solar panel installations won’t increase your property taxes, thanks to a new law. Ready to power your home with the sun? Explore how solar panels can transform your energy use and savings, all without added tax concerns.

In Virginia Beach, residential solar panels allow you to earn credits by trading excess energy back to the grid. These credits can be used to offset electrical usage during other times, maximizing your savings. Explore our services to make the most of your solar investment.

With the latest advancements in solar panel technology, your Virginia Beach home can achieve energy self-sufficiency. A well-planned solar panel installation, designed to match your unique energy consumption and paired with effective battery storage, can cover your needs around the clock. Success depends on aligning your system with factors like your home’s specific location, the intensity of sunlight it receives, your usual energy use, and the performance capabilities of the chosen solar panels and batteries.

Service Areas

Norfolk, Virginia Beach, Chesapeake, Newport News, Hampton, Suffolk, Portsmouth, Poquoson, Isle of Wight County, York County, Williamsburg, Smithfield, Gloucester County, James City County, Surry County, Carrollton, Norfolk Naval Base, Fort Monroe, Fort Eustis, Ocean View, Ghent, Great Bridge, Greenbrier, Western Branch, Downtown Hampton, Buckroe Beach, Phoebus, Denbigh, Oyster Point, Hampton Roads Naval Museum, City Center at Oyster Point, Fort Story, Little Creek Naval Amphibious Base, Virginia Beach Town Center, Sandbridge Beach, Pungo, Lynnhaven, Red Mill, Thalia, Fort Norfolk, Colonial Place, Deep Creek, Edinburgh, Green Run, Kempsville, Bayside, Lynnhaven, Oceanfront, Hilltop, Princess Anne.


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