Virginia Commercial Solar Incentives & Rebates

USDA – High Energy Cost Grant Program

The Mother of States houses 41,500 farms spread across 7.7 million acres according to the Department of Agriculture. This is why rural and agricultural and rural small businesses can take advantage of this commercial solar incentive in Virginia. The USDA through the Rural Energy of America Program offers to pay 25% up to $500,000 for solar upgrades for this type of business. The program has paid over $2 billion since its inception. To qualify, you must be an agricultural producer or a rural business. Application opens for the year 2024 from June 30, 2024, through to September 30, 2024.

Solar Potential in Virginia: Incentives and Savings

Virginia boasts significant solar potential, driven by its ample sunlight and vast available land. The state has been making strides in harnessing this potential, with policies and initiatives aimed at promoting solar energy adoption. More recently, Virginia’s renewable portfolio standard (RPS) requires phase II Utilities to generate 100% of their energy from renewable sources by 2045. This is a great step for the solar industry in Virginia as this might increase the number of state-wide solar incentives. Currently, you can expect a payback period for your solar investment of up to 7 years with incentives.

Understanding the Electric Utility Landscape and Rates in Virginia

Virginia’s electricity cost is around the average despite rate volatility over the years. The state’s utility market is regulated or at least partly regulated, with investor-owned utilities dominating the sector. Rates are determined through regulatory processes overseen by the Virginia State Corporation Commission (SCC). Factors influencing rates include generation sources, infrastructure investments, and regulatory policies, all of which impact consumers’ energy costs and choices. In a more recent bill, utilities are trying to further deregulate the Virginia electricity landscape according to Senate Bill 591, giving more freedom to retail customers of electric energy in Virginia, and allowing them to choose renewable energy options from any licensed supplier.

Impact on Solar Energy Decisions in Virginia

Solar energy provides an inexhaustible source of energy. With Virginia’s climate, solar users can harness this energy to reduce or even eliminate energy bills, reduce reliance on fossils, increase property value without having to worry about paying more property tax on the added value and obtain energy independence. With the several commercial solar incentives Virginia offers, you can also expect more affordability in your solar installation. Furthermore, with Commercial-solar Proprietary Energy Savings Payment Model (ESPM), you can enjoy further positive impact on your solar investment.

Are Solar Panels Worth It in Virginia?

Ample sunshine and a supportive regulatory environment, Virginia presents a compelling case for solar panel investments. The state offers various incentives and programs to encourage solar adoption, making it financially feasible for commercial users to harness solar energy. Additionally, the declining costs of solar panels over the past decade have enhanced the economic viability of solar projects for businesses in Virginia. While individual circumstances and industry-specific factors should be considered, the overall landscape in Virginia suggests that solar panels can be a worthwhile investment for commercial users. Consulting with a reputable solar company like commercial-solar.org can provide tailored insights and guidance to make informed decisions regarding solar adoption in Virginia.

Why Choose Us?

Commercial-Solar.org offers a unique Energy Savings Payment Model (ESP), providing immediate energy savings and positive cash flow from day one. With zero upfront expenses, clients benefit from tax advantages and increased property value while we assumes all risk and maintains the system for free until it’s paid off. By front-loading federal and state subsidies, clients can own their solar system outright and begin saving money as soon as it’s operational. With completed projects for numerous Fortune 500 companies and a commitment to long-term savings, Commercial-Solar.org offers a reliable solution to drastically cut energy bills and promote sustainability.