Solar Panel Incentives Virginia

Solar incentives rebates and tax credits available in virginia in 2020.

Solar panel incentives virginia.

Virginiasaves green community program potential applicants. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Virginia incentives for energy efficiency and energy conservation. Virginia solar power performance payments performance based incentives virginia offers solar power performance payments also know as production incentives the state ranks 15th in the nation.

Solar power performance payments provide small cash payments based on the number of kilowatt hours kwh or btus generated by a renewable energy system. Finally the solar incentives section includes information about money back rebates and grants tax credits and tax exemptions for going solar in virginia. Commercial entities are fully exempt from state and local taxes under commercial property tax exemption for solar. Click any of the boxes below to go to that section of the page or scroll down to read the page in order.

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.