Solar Power Programs Virginia

Your write up on dominion virginia power s solar purchase program neglects to point out that the power you sell to them is taxable.

Solar power programs virginia.

Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. Development of solar energy program in virginia deq developed a permit by rule to facilitate the review of small solar projects in virginia. On september 11 2018 the virginia state corporation commission scc approved the virginia community solar pilot. As of the end of 2018 it appeared that a virtual net metering bill will succeed which would open solar access to residents who cannot install solar on their own.

The pilot program application and other procedural information are available on the scc s website under case number pur 2018 00009. Local government non profit organizations businesses and industry the virginiasaves green community program is a unique public private partnership sponsored by virginia s department of mines minerals and energy dmme to provide subsidized financing for energy. Thus depending on your tax bracket that 0 15 kwh they will pay will only be worth to maybe 0 10 0 12. That doesn t stop you from claiming your 30 federal itc of course.

Without an rps utilities are less likely to help with solar or wind power for their customers. There s no income tax credit itc offered by the state in virginia. They say they will send you a 1099 each year and report the amount of power you sold to them to the irs. Virginiasaves green community program potential applicants.

Otherwise getting solar at home in virginia without any upfront cost means getting your solar system financed either through a loan or a lease. The state made further strides in making solar more accessible in 2017 by enacting a community solar pilot program through utilities such as dominion energy and appalachian power. Dominion energy the university of virginia and its darden school of business have entered into an innovative solar power partnership. Virginia launches no upfront cost solar program for middle class homeowners virginia is one of the best states in the country if you want to go solar but only if you re rich enough.

The small renewable energy projects solar permit by rule pbr regulation became effective on july 18 2012. But if you see ads for free solar from a government program that s almost always false advertising. This program includes executing power purchase agreements with participating solar facilities. 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.

Under the agreement the university and darden will purchase the entire output of electricity produced at a new 160 acre solar facility in king william county for the next 25 years.