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Virginia's Solar Tax Incentives
 The Solar Friendly State

Residential and Commercial SREC's
(Solar Renewable Energy Credits) in Virginia

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Everything you need to know about solar power incentives, tax credits, and rebates in Virginia

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Virginia Solar Programs, Rebates & Incentives

Dominion Energy offers incentives like tax credits and rebates to make solar energy more affordable for you. If you own a home in Virginia and want to cut your electricity costs, you can take advantage of numerous state and federal incentives to lower the cost of installing solar panels, leading to quicker investment returns. 

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These incentives may not last long - switch to solar energy today

Save big with a
solar incentive program

Besides the benefits of lower electricity bills, you can save even more by applying for federal, state and local tax rebates that offset the cost of your solar panel installation. .

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Virginia Solar Tax Credit options

Net Metering

Net Metering

By participating in net metering, you earn credits on your electricity bill for any surplus solar electricity your system exports back to the grid. Whenever your solar panels produce less electricity than you need, you can use these credits to cover the difference. This system encourages using less electricity and ensures that any surplus clean energy benefits the grid.

VirginiaSAVES Green Community Loan Program

VirginiaSAVES Green

This initiative offers low-cost loans for energy efficiency and renewable energy projects to commercial/industrial entities, non-profits, and local governments in Virginia.

Federal Tax Credits

Federal Tax Credits

If you invest in a residential solar installation, you can receive 30% of your bill back come tax time. For example, if the total cost of your PV system is $24,000, then you owe $7,200 less on your federal taxes

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Interconnection Standards

Interconnection standards ensure that solar photovoltaic systems can safely connect to the grid. Virginia is ahead with clear standards that streamline the solar installation process, avoiding the delays and extra costs seen in states without these guidelines.

Virginia has two sets of interconnection standards: one for net-metered and one for non-net metered systems. For residential solar, the net-metered regulations, applicable to systems up to 20kW, are most relevant. These rules guarantee safe grid connection and compliance with national safety and equipment standards.

Before installing solar panels, customers must get approval from their electric distribution company and energy service provider. 8MSolar simplifies this process for its residential solar customers, managing all necessary approvals.

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Virginia SREC & Tax Incentive options

Solar Rights in Virginia

Solar Rights in Virginia

Virginia’s community associations generally cannot block homeowners from installing solar energy devices. They can, however, set reasonable restrictions on the placement and size of these devices and limit installations in common areas.

Solar Easements

Solar Easements

The Virginia Solar Easements Act of 1978 enables property owners to establish solar easements, ensuring unobstructed access to sunlight for their solar devices.

Virginia Solar Tax Exemptions

Virginia Solar Tax Exemptions

Installing solar panels can raise your home’s value without necessarily increasing your property taxes, thanks to Virginia laws allowing localities to exempt solar improvements from property taxes. Contact 8MSolar to find out if your area offers such exemptions and consider advocating for them if they don’t.

Local Tax Exemptions for Renewable Energy

Local Tax Exemptions

Virginia allows local governments to apply different property tax rates to renewable energy machinery, ensuring they’re not taxed more heavily than other equipment. Residential solar equipment may also be eligible for tax exemptions, encouraging homeowners to invest in solar energy.

Commercial Solar Tax Benefits

Commercial Solar Tax Benefits

Certified commercial solar facilities under 20 MW enjoy exemptions from state and local taxes, excluding the land value.

How you benefit from
solar energy incentive programs

Energy incentive programs give you unique opportunities to benefit from embracing clean energy solutions. And with the Inflation Reduction Act investing in making it easier for homeowners to afford solar power, now truly is the time to future-proof your home with solar energy.

Benefits for residential energy customers

Here are a few advantages energy incentive programs offer residential customers in Virginia

  • Make solar installation affordable
  • Upgrade your electricity system
  • Save money over time
  • Minimize carbon footprint
  • Raise your home’s resale value
  • Have power during emergencies
  • Boost your local economy

Frequently asked QUESTIONS

As of January 1, 2023, all residential and agricultural solar panel systems in Virginia will be exempt from local and state taxes.

Federal Rebates

Right now the main incentive available is the 30% Federal Tax Credit which was restored in 2022 with the signing of the Inflation Reduction Act. This 30% tax credit will run until 2032 when it is set to decrease to 26%.

State Rebates

There are no Virginia solar rebates. However, there are many solar incentives provided to maximize the return on investment for solar customers. 8MSolar will help check if you qualify for incentives and assist you in the application process.

Getting tax credit for your solar panel installation is pretty straightforward. Hold onto all your receipts, invoices, and documentation related to your solar panel project and use them to file for a massive 30% tax credit during tax season.

In most cases, the residential solar energy credit isn’t refundable. That means you can only reduce your tax credit to $0.00. So if you have $100 left over, this will be carried forward to the following year.

Virginia does not have a state solar tax credit as some other states do. However, the federal solar tax credit is available to all homeowners throughout Virginia. 

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Working with 8M Solar was awesome. Extremely professional and squared away. They did not try to add gimmicks or unnecessary complications regarding financing to the solar project. The financing was easy to do and I good a great rate on my loan. They did an accurate assessment of my electricity needs with projections for future electricity requirements when I purchased an electric vehicle. Their projected kilowatt energy production of my solar panels was extremely accurate. My project was 13-panels, Tesla Power Wall and 240V EV charger. The quoted price was accurate from the start of the contract until completion. There were no hidden fees or financial surprises. Installation went great, it was done in a day and with the Duke Energy approvals I was up and running within a week after installation. Lastly, they provided a veterans discount which gave me one panel for free. Simply an excellent group to work with. 8M Solar rocks!
Peter Clemens
Peter Clemens
in the last week
8MSolar was a 5 star pick for our solar installation. 1) Friendly and genuine, 2) they answered all of my questions, no matter how redundant or obvious, 3) they worked with me to design a system that was specific to our needs - not too much, not too little, 4) they walk through each step of the process with clear instructions on what to expect, what to fill out, when they were coming and how to prepare for the permits, inspections and more ,5) they handled all the paperwork work, forms, inspections, permits and etc. If there were any that I needed to submit, they provided the form and instructions on what to do, 6) install was quick and well done - and in 1 day, and 7) they followed up to make sure everything was to our expectation, tested and that we knew how to operating/monitor it. While they do not finance themselves, the credit union they work with was just as easy, reasonable rates and options to adjust 3x and no penalties to pay off early.
Joseph O'Donnell
Joseph O'Donnell
a month ago
I am extremely happy with the level of service 8M Solar provided when installing solar panels and battery at my residence. The team is extremely professional. They were quick to give me a quote for the system, which was a very competitive and reasonable quote. They worked with me to address all questions and concerns I had. The installation process went through without a hitch. The project manager shared all relevant details ahead of time and he made sure that each of the teams working on the project were on time. I installation teams were polite and went about their business with great professionalism. The installation completed on time. I am still in the first week after the installation, but I have had a great experience so far. I definitely recommend 8M Solar for anyone looking to go solar
Sathya Krishna Murthy
Sathya Krishna Murthy
a week ago
The sales process was smooth and informative. I felt in control the whole time, wasn’t rushed. The install was great, it happened sooner than I thought it would and only took a day. The project team kept us informed the whole time of next steps and worked hard to get the system certified with the county as quickly as possible. The panels and battery have been working very well, just need it to be sunny again! I would definitely use 8M again and there’s a reason why they are the biggest installer in the state.
Adam Huet
Adam Huet
a week ago
I received my solar from 8m solar almost 2 mo this ago now. It has been amazing and my original duke bill is nonexistent! (Power pair incentive). 8m was very professional and made the whole process easy. The best price and panels across at least 5 different companies that I spoke to these guys stood out the most. 10/10 recommend
jeremiah watson
jeremiah watson
2 weeks ago

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Attention: With the 30% tax credit expiring after this year, it is highly recommended you book a time slot for a virtual meeting and/or call; so that one of our consultants can contact you at your preferred day/time.