Virginia’s Solar Power Push: Incentives, SRECs & Top Solar Providers
Virginia’s Solar Power Push: Incentives, SRECs & Top Solar Providers
Blog Article
With over 200 sunny days per year and a growing commitment to renewable energy, Virginia is quickly becoming a prime location for solar adoption. Through the Virginia solar program, homeowners and businesses can now access a wide range of incentives that not only make solar installation more affordable but also improve ROI over time. From Virginia solar tax credits to SREC price Virginia benefits, the state is opening the door to a cleaner, cost-efficient future.
Virginia Solar Program: What You Need to Know
The Virginia solar program is designed to reduce upfront solar costs and accelerate the adoption of clean energy. This program includes benefits like property tax exemptions, net metering, and access to solar financing options. The recent legislation changes have made it even easier for systems under 25kW to qualify for tax exemptions and utility savings.
SREC Program and SREC Price Virginia
One of the most exciting features of going solar in Virginia is participation in the Virginia SREC program. Solar Renewable Energy Credits (SRECs) are tradable certificates earned for every 1,000 kWh your solar system produces. The Virginia SREC market allows you to sell these credits to utilities, creating an additional revenue stream.
In 2023, the SREC price Virginia ranged from $45 to $70 per credit. This means that a system producing 10,000 kWh per year could generate up to $700 annually—on top of energy savings. As the demand for in-state SRECs grows under the Clean Economy Act, this value could continue to increase.
Virginia Solar Tax Credit & Rebates
While Virginia doesn’t offer a standalone state tax credit, residents can benefit significantly from the 30% federal Investment Tax Credit (ITC). In addition, Virginia solar rebates and local incentives—like the VirginiaSAVES program—support energy-efficient upgrades for both homes and businesses. Some counties may also provide specific rebates or grant programs to lower installation costs.
Best Solar Companies in Virginia
Choosing among the best solar companies Virginia can be overwhelming, but important. Look for companies with strong local expertise, NABCEP-certified installers, and a history of SREC program participation. Top providers often offer full-service solutions including design, permitting, installation, and SREC registration.
Solar for Businesses: Rebates & C-PACE Financing
Businesses in Virginia can also take advantage of C-PACE (Commercial Property Assessed Clean Energy) financing. This tool allows commercial property owners to finance solar installations at low interest rates via property tax assessments. Combined with SRECs and other Virginia solar rebates, this is a game-changer for commercial energy savings.
Conclusion
With the right mix of financial incentives, favorable SREC price Virginia, and access to reliable providers, going solar in Virginia has never been easier. Whether you're a homeowner looking to lower your bills or a business aiming for sustainability, the Virginia solar program has something to offer. And when you're ready to start your solar journey, trust Solar SME—your partner in powering a cleaner, brighter future. Report this page