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Fueled by the sun.
VCEI is a leader in solar-powered, clean energy solutions for homes and businesses in Virginia. We aim to provide customers with solar energy system solutions that are both economically and power-efficient.
What rebates, solar tax credits, and other solar incentives are available in Virginia?
Virginia law requires retail electric providers to make net metering available to their customers. This policy provides credits for any excess generation a solar system produces that can be applied to future bills to reduce costs.
VA Property Tax Exemption
There is no state-mandated property tax exemption for renewable energy systems. However, there is a law that allows counties, cities, or towns to choose if they would like to enact a policy exempting the costs of a solar system from an individual's property taxes. Some towns such as Alexandria, Charlottesville, and Chesterfield exempt solar system costs from property taxes.
Federal Tax Credit
Existing homes and new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
Alexa Young, VA
"VCEI is a superb company to work with. Prompt, upfront and genuine in all aspects of the process. I highly recommend them for your solar needs!"
Benefits Of Residential Solar Panels To Homeowners
Now, let's focus on the cost and value benefits you homeowners can expect to benefit from when you install residential solar panels. We'll go over long-term return on investment, increases to home value, lowering of electricity bills and promoting energy independence.
Increases To Home Value
Buyers typically like the idea of green living, and in many areas of the country, homes with solar systems sell faster than homes without them. In 2019, homes with solar systems sold for 4.1% more on average than comparable homes without solar power. This translated to an additional $9,274 on a home sale, according to Zillow research. You can expect a home to sell for 2.7% – 5.4% more than homes without solar panels. If you're thinking of selling your home, consider the benefits of adding solar to your home prior to listing with an agent.
Lowers Electricity Bill
You can lower your electricity bill by lessening the amount you spend on electricity. You can also return the energy back to the grid for a meter reversal or store it in a home battery. Your energy provider may also offer performance rebates or payments, also called performance-based incentives (PBIs). You can get extra cash through a per kilowatt-hour credit for the electricity that your system produces.
Promotes Energy Independence
Energy independence measures how much you rely on nonrenewable and renewable energy. Relying on solar energy, particularly during peak times of the year (like hot summer days) means it puts less demand on the grid. You can choose several variations of grid reliance.
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