Buy Solar Panels In Virginia

Average electricity costs in virginia.

Buy solar panels in virginia.

But this option is not generally available to homeowners in virginia. High utility costs generally drive up the use of solar power. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. The final steps are.

The consensus on virginia solar power rebates and incentives. In virginia the average solar payback period is 12 52 years. Regardless of the exact cost of installation there are many affordable financing options for solar panel systems. The benefits of going solar in virginia federal solar energy tax credit itc without a doubt the federal solar tax credit also referred to as the investment tax credit is one of the best incentives available for property owners in virginia with the itc you can deduct 26 percent of the cost of your solar equipment from your taxes that means major savings on your solar installation.

A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. Additionally there is evidence homes with solar panels sell faster than those without. My son in law s maryland business just paid 300 000 to buy panels to cover their entire roof. Virginia has all the right pieces in place for strong statewide solar policy good net metering standardized interconnection and even the framework of an rps.

You just buy the power the panels produce through a power purchase agreement or ppa.