Solar Incentives in Virginia: Empowering Your Energy Choices
Solar incentives in Virginia are designed to encourage homeowners to adopt renewable energy solutions. By leveraging these programs, residents can enhance their energy independence and contribute to environmental sustainability. Sunrun ๐ Key Incentives Available Federal Residential Clean Energy Credit (ITC): Homeowners can claim a 30% tax credit on the cost of solar panel systems, including installation and equipment. This credit is available through 2032 and can be applied to federal income taxes. I Solar Renewable Energy Certificates (SRECs): For every megawatt-hour of electricity your solar system generates, you earn one SREC. These certificates can be sold to utilities, providing an additional revenue stream. Property Tax Exemption: Virginia offers a property tax exemption for the added home value from solar installations, ensuring that your property taxes won't increase due to the addition of solar panels. Net Metering: This program allows h...