Why Consider Solar Panels in Virginia?

Abundant Sunshine

Virginia enjoys an ample amount of sunshine throughout the year, making it an ideal location for solar panel installations. With approximately 4.5 hours of peak sunlight per day on average, the state offers an excellent environment for harnessing solar energy. And these levels are expected to only increase; in fact, the U.S. Government estimates that Virginia is receiving on average 14.88% more sunlight in 2023 compared to 1992 levels.

Lower Energy Bills

Investing in solar panels can significantly reduce your electricity bills. By generating your own electricity, you can lower your dependence on the grid and even sell excess energy back to the utility company through net metering programs.

Environmental Benefits

Solar energy is clean and renewable, producing no harmful emissions or pollution. By using solar panels, you can reduce your carbon footprint and contribute to a greener and more sustainable Virginia.

Increased Property Value

Homes with solar panel installations tend to have higher property values. Solar panels are an attractive feature for potential buyers, and they can make your property more marketable in the future.

What solar panels should I install in Virginia?

What rebates and incentives are available in 2024?

To encourage the adoption of solar energy, the federal government and the state of Virginia offer several incentives to homeowners and businesses. Here are some of the most notable programs:

1. Solar Investment Tax Credit (ITC)

The federal government offers a Solar Investment Tax Credit, which allows you to deduct 30% of the cost of your solar panel installation from your federal taxes. This credit makes solar panels even more affordable for homeowners and businesses in Virginia.

2. Net Metering

The state’s net metering program allows solar panel owners to receive credits on their electricity bills for the excess energy they generate and feed back into the grid. This can result in significant savings over time.

3. Solar Renewable Energy Certificates (SRECs)

SRECs are tradable certificates that represent the clean energy produced by your solar panels. You can sell these certificates to SREC traders, providing an additional source of income from your solar installation.

4. Property Tax Exemptions

In 2022, Virginia’s Governor signed into law a bill creating property tax exemptions for residential and mixed-use solar installations of less than 25kw (which is the majority of residential solar installs). This bill, S.B. 686, declares these solar installations to be a “separate class of property” not subject to state or local taxes on real or personal property.

How much do solar panels cost in VA?

Understanding the cost and payback period of solar panel installations in Virginia is crucial for making an informed decision about transitioning to solar energy. On average, the cost of a solar panel installation in the state falls within the range of $18,000 to $48,000. It’s important to note that the exact cost can vary based on factors such as the size of the system, location, and quality of materials.

When considering the return on investment, the solar payback period in Virginia averages around 12 years. This means that, on average, homeowners and businesses can expect to recover their initial investment in solar panels in a little over a decade.

While solar panel installations represent a substantial upfront expense, there are multiple financing options available to make them more affordable. Cash purchases offer long-term value, but for those who prefer not to make a significant upfront payment, solar loans provide accessible financing solutions, making solar energy an attainable and cost-effective choice for Virginians looking to embrace clean, sustainable power.

Is solar really worth it in Virginia?

Absolutely, going solar in Virginia is a wise and financially rewarding decision for many homeowners and businesses. Virginia receives a considerable amount of sunlight, especially in regions like central and southern Virginia, making it well-suited for solar energy production. With decreasing installation costs and a range of financial incentives, the economic benefits are substantial.

The Solar Investment Tax Credit allows you to recoup a significant portion of your installation costs, with a generous 30% credit currently available. This percentage translates to substantial savings on your taxes. Additionally, the state’s net metering program empowers you to sell excess electricity back to the grid, effectively reducing your energy bills further. Over time, these savings can add up to thousands of dollars, ultimately making your solar investment more than worthwhile. Moreover, by adopting solar power, you’re contributing to a greener, more sustainable future while gaining energy independence. It’s a win-win situation that not only benefits your finances but also the environment and your community.

Can I get a loan for solar panel installation in Virginia?

Dominion Energy Solutions is your trusted partner on the path to affordable, sustainable energy independence. Our solar loan options bring your clean energy aspirations within reach, offering low interest rates and stable monthly payments commensurate with your current energy expenses. With our industry-leading warranties, your solar panel system remains efficient and trouble-free. Plus, when you choose Dominion Energy Solutions, you can tap into valuable tax credits and incentives, unlocking even more savings. Say goodbye to upfront costs, as we make solar panel ownership accessible to all, and consider adding an optional battery backup system for added peace of mind. Dominion Energy Solutions is your key to a greener, more cost-effective energy future.

What should I consider before solar panel installation?

Before proceeding with a solar panel installation in Virginia, Dominion Energy Solutions can help you with several crucial considerations to guide your decision. Firstly, we’ll assess your location’s solar potential, as areas with more sunlight will yield greater energy production and savings. Understanding your current energy consumption is essential for sizing your solar panel system appropriately. Additionally, we’ll examine the condition and orientation of your roof, as solar panels are typically installed on rooftops, requiring a structurally sound surface.

We can help you with navigating local regulations and permits while validating any solar installation guidelines from your homeowners’ association. Don’t forget about the federal tax credits, which can significantly reduce upfront costs. Consider the maintenance requirements and explore energy storage options like batteries if you desire backup power during outages.

Finally, calculate your budget and assess the expected return on investment (ROI) to determine the long-term financial benefits. Factor in the positive environmental impact of solar energy in your decision-making process, and consider your future plans for your property, as they may impact the solar panel system. By addressing these key considerations, you can make an informed and successful transition to clean, sustainable energy in Virginia.

Solar Panel Installation Process

Choosing the Right Solar Panel System

When it comes to selecting the perfect solar panel system for your home or business in the Old Dominion state, careful consideration of several critical factors is essential to ensure long-term energy efficiency and financial savings.

System Size

The size of your solar panel system is of paramount importance. It should be closely aligned with your energy consumption needs to strike a balance between generating enough electricity and avoiding unnecessary upfront costs.

An energy audit of your property should be conducted to evaluate your current electricity usage and identify areas where energy efficiency improvements can be made. An assessment is performed to tailor a solar system that perfectly matches your specific requirements. This assessment will take into account factors such as roof space, orientation, and shading, ensuring your system maximizes energy production while minimizing costs.

Panel Efficiency

Panel efficiency directly impacts the performance of your solar panel system. It refers to the ability of the panels to convert sunlight into electricity, with higher efficiency panels generating more power per square foot. If you have limited roof space or specific aesthetic preferences, choosing high-efficiency panels can be advantageous.

Your solar installer can provide valuable guidance on selecting panels that strike the right balance between cost-effectiveness and efficiency for your unique circumstances.

Warranty

Solar panel warranties are a vital aspect of your investment. Typically spanning 25 years or more, a strong warranty ensures the long-term reliability and effectiveness of your solar panels. When reviewing warranty terms, it’s crucial to scrutinize what is covered beyond the panels themselves.

Comprehensive warranties often include coverage for other critical system components, such as inverters. Additionally, consider the reputation of the panel manufacturer, as established and reputable companies are more likely to honor warranty claims seamlessly. Furthermore, inquire about any warranties or guarantees offered by your chosen solar provider, as these can provide additional peace of mind

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Your Journey to Solar With Dominion Energy Solutions

Guiding You Every Step of the Way

To proceed, we’ll ask you to provide your most recent electric bill, which offers crucial insights into your monthly electricity consumption over the past year. This data is essential for designing a solar system that perfectly aligns with your current and future energy needs.

A Customer-Centric Approach

At Dominion Energy Solutions, it’s our unwavering commitment to delivering an exceptional customer experience that sets us apart. With our local team based right here in Virginia, we understand the unique needs of residents and business owners of the Old Dominion state and take pride in catering to them.

Going solar may seem like a complex process, but we’re dedicated to ensuring that every homeowner is well-informed at every step. We prioritize a seamless and straightforward journey, and industry-leading warranties.

Your journey to clean energy is in capable hands with Dominion Energy Solutions.

What Our Customers Say About Us

– Christian Bell, Virginia Homeowner

My experience with Dominion Energy Solutions providing solar was a very easy process and I’m happy with how much I’m savings on my energy. Swapping a random monthly bill for a fixed cost every month has been very important to me.

History of the Virginia’s State’s Solar Policy

Virginia’s history of solar policy has undergone notable changes in recent years, reflecting the increasing importance of renewable energy and evolving political priorities. In the earlier years, Virginia had relatively limited policies supporting solar energy, with net metering in place but not favorably structured for solar customers. However, in 2013, the state’s regulatory body, the State Corporation Commission (SCC), updated net metering rules to be more solar-friendly. The state briefly repealed solar tax credits in 2016, reducing incentives for solar adoption.In 2017, Virginia introduced a pilot program for community solar, aiming to expand solar access. In 2019, the “Solar Freedom” legislation removed restrictions on distributed solar installations. The landmark Virginia Clean Economy Act of 2020 set a goal for the state to achieve 100% clean energy by 2050, with a strong focus on expanding solar capacity. This act also established a Renewable Portfolio Standard (RPS) with resulted in a valuable SREC market, promoting further solar adoption.

Additionally, the state clarified solar energy access rights and invested in solar workforce development, highlighting Virginia’s commitment to sustainable energy practices and renewable growth. The state’s solar policies have evolved significantly to encourage solar adoption, foster clean energy growth, and benefit both the environment and the economy.