As of 2012, Virginia had yet to heavily incentivize residential solar power. Nevertheless, Virginia's fledgling solar energy industry currently sits atop sufficient solar resources as well as a strong foundation for statewide policy. With one of the fastest growing renewable energy economies in the nation, Virginia is soon to follow many other states which have already fully embraced solar power. In this article, you will find all the information needed to help you decide if a solar energy system is right for you.
Grid Connected Solar Power Systems In Virginia (2012)
- Residential Solar Power Systems: 1 Megawatt
- Non-Residential Solar Power Systems: 4.3 Megawatt
- Utility: NA
- Total: 5.2 Megawatt
- Cumulative: 10.5 Megawatt
Although Virginia's solar energy industry currently offers few solar incentives, 5 Megawatts of Virginian solar power were installed in 2012. With a rapidly swelling clean energy market, Virginia's renewable energy industry already employs more workers than its coal mining industry.
Cost of Electricity in Virginia
- Electricity Price: $0.11 per kWh
- Average Electricity Bill: $159.00
- Average Bill after Solar: $68.00
A solar installation in Virginia can cut the monthly bill in half. Keep in mind that the average monthly cost for a leased solar power system is about $48. But even with a leased system, average monthly savings amount to $43. At these rates, it will take about 6.9 years for 5kW of solar energy to pay for itself.
Average solar radiation in Virginia is between 3 and 4 Kilowatt per day over an area of 1 square meter (10.76 square feet). This represents a high amount of solar radiation. Additionally, Virginia's 206 days of sunshine place it just a hair shy of South Carolina, ranking a respectable 15th in the nation.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: 20% of sales tax paid by an individual maximum incentive - limit $500
- State Solar Rebate: NA
- Property Tax Exemption: Local option
- Sales Tax Exemption: NA
Some counties and cities in Virginia offer additional solar incentives. Check here for more information about local solar incentives. In addition to these solar incentives, the Federal Tax Credit also applies.
Solar Installers in Virginia
Solar installers in Virginia must be licensed as an electrical contractor. To find out if your solar installer is licensed in Virginia, call (804) 367-8511, or verify the license of your solar installer on the state’s website.
Summary: Good Conditions for Solar Power Systems
Virginia's solar energy industry is still in the process of spreading its wings and taking flight. While the larger solar incentives are still to come, the state's abundant sunshine and solar tax credit translate to significant energy savings. To calculate your own costs and savings, please use our Solar Calculator, or contact solar installers in your area.
Solar Energy Fact Sheet: Virginia, © SolarContact.com