Virginia's [Lack Of] Solar Incentives

Currently, the Commonwealth of Virginia offers little to home and business owners in terms of tax credits or rebates for the purchase and installation of solar energy systems – including solar water/space heating, solar air conditioning and PV systems. When compared with incentives offered neighboring states such as North Carolina and Delaware, Virginia is way behind the curve. North Carolina has one of the most attractive incentive programs in the U.S. offering a 35% corporate tax credit ($2.5 million max) for all commercial PV, solar water heating and solar space heating applications. Similarly, Delaware offers a 50% rebate on all commercial solar water heating, space heating and PV applications.
According to MDV-SEIA (Maryland, DC, and Virginia Solar Energy Industries Association), the Energy Bill (SB-232) passed earlier this year contains a grant program with approximately $300,000 allocated for the program.

Sen. Frank Wagner has been a key proponent of a comprehensive solar energy incentive bill. The Wagner Energy Plan introduced included tax credits for both PV systems and domestic solar water heating systems but failed to pass in the current session. It will once again be proposed in the coming session. Stay tuned for further updates.

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www.solarpanelsplus.com/blog/2007/11/20/virginias-lack-of-solar-incentives