Your Power. Your Choice.
Solar Financing Options for Virginia
Dominion Energy Solutions will provide you with options when it comes to paying for solar. From cash purchases to loans to tax credits, you’ll get all the information you need to make a smart decision.
Here are the Plans We Offer
Solar Loan
Finance your purchase with affordable monthly payments.
- Low interest rates.
- Low monthly loan payment.
- Maintenance options available.
- Solar panel and workmanship warranty.
- Benefit from tax credits and incentives.
- Solar panel ownership with no upfront cost.
- Optional battery backup ownership with no upfront cost.
Cash Purchase
Purchase your solar panels and see immediate monthly savings on your power bill.
- No monthly payment.
- Maintenance options available.
- Solar panel and workmanship warranty.
- Benefit from tax credits and incentives.
- Solar panel ownership.
- Optional battery backup ownership.
Solar Investment Tax Credit
Thanks to the federal solar investment tax credit (ITC) created by the Inflation Reduction Act (IRA), you are entitled to a 30% tax credit on your entire solar system investment including storage batteries if purchased between 2023 – 2032.
Federal Solar Investment Tax Credit
The federal solar investment tax credit (ITC) will have the biggest impact on the cost of your solar installation. The Investment Tax Credit has been increased from 26% to 30% and applies to both business and residential solar projects. This 30% credit is off the entire cost of the systems including equipment, labor, and permitting. This includes solar projects installed between now through 2032.Net Energy Metering in Virginia
Net metering through Dominion Energy gives you credits on your electricity bill for every excess kilowatt-hour of solar electricity that your meter sends back to the electric grid. When you need more electricity than your solar panels are producing, you can use your net metering credits to meet the difference in usage. Each kilowatt-hour sent to the grid is worth one kilowatt-hour taken from the grid; it is a one-for-one exchange. This helps foster an economic model that rewards using less electricity while ensuring any excess clean energy produced does not go to waste. Our parent company Dominion Energy offers the top utility net metering program in Virginia to incentivize renewable energy adoption to reduce carbon output for VA residents and businesses.Additional Solar Rebates
While Virginia does not have a dedicated state rebate for solar panel installation, some manufacturers offer their own solar rebates. These programs are usually time sensitive, and all Dominion Energy Solutions installers will be able to provide you with a list of the latest offers to make your purchase that much more affordable.
Why don’t we offer leasing?
There are no options to lease solar in the state of Virginia, but Dominion Energy Solutions financing is a great alternative as you own the system and all the hardware. If you ever sell your home, you won’t have to worry about the purchaser being approved for the lease of your solar system. And because you own the panels, you will be able to pay off any remaining balance on your panels with proceeds from your home sale. Remember, solar panels have been proven to increase the value of a home!
Find Out if Solar is Right For Your Home
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About Dominion Energy Solutions
Dominion Energy Solutions is a Dominion Energy subsidiary offering residents EV charging, solar education, and home assessments. As part of the process, we provide turn-key EV charging and solar installation with a network of certified and vetted residential electricians and solar installers.
We provide a wide range of solar solutions including design, installation, financing, consulting, energy storage, and more. We are a proven energy partner with 20 years of experience and 220+ megawatts of successful solar projects. We service regions across the state of Virginia including Alexandria, Roanoke, Norfolk, Hampton Roads, Roanoke, Virginia Beach, and more! Check out our full service area here.