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If you’ve been considering solar panels in Virginia, it’s worth it to get informed before making a decision.
While Virginia has been a slow adopter of solar energy over the last 10 years, the state is starting to catch onto the many great reasons to switch to clean energy and specifically the power of sunlight.
As of 2021, Virginia currently ranks 9th in the country in terms of total installed solar capacity at 3,760.9 MW.
If you’re a homeowner, there’s no better time to turn that sunshine into savings by going solar. Wondering why you should switch to clean green energy instead of relying on fossil fuels the electric companies are still offering up?
It’s time to tell your electric company to get with it and get into the future of energy in Virginia!
Let’s go over all the reasons why switching to solar energy in Virginia has never been a better idea. First, let’s start with a snapshot of the state of electricity in Virginia.
Over the years, Virginia’s electricity prices have slowly increased, keeping Virginia well below the national average each year.
However, in the last two years, electricity prices have taken a large jump in Virginia, leaving residential customers at the mercy of their electric companies.
In an article by the NRDC about this shocking development, they explain the state of electricity rates in Virginia:
“Rising bills are particularly striking, when in the wider energy market of which Virginia is a part, electricity costs have significantly declined, in contrast to Dominion’s steady drumbeat of increases and overcollections.”
Time will only tell what the future will hold for energy prices in 2022 and beyond, but leaving it in the hands of the power company monopolies is something to be increasingly concerned about.
“To be fair, our regulated electric companies absolutely should (and indeed must) be profitable, both to keep the lights on and to ensure investment in the best technology for customers. However, the concurrence of Dominion’s eyebrow-raising profit levels with steadily rising bills indicates something is out of whack.”
Now let’s dive into all the great reasons why people in your neighborhood and all across the state of Virginia (as well as the rest of the world) have been switching to solar energy, including environmental concerns and increased home value.
The cost of solar panels has decreased thanks to improvements in solar technology, making it more accessible for homeowners. In addition, the government has created solar incentives to make solar panel systems more affordable than ever to any homeowner. Virginia has a few great incentives for solar customers, including:
The Solar Investment Tax Credit (ITC) offered by the United States federal government is available to Virginia home and business owners. This incentive provides a 30% tax credit of the entire solar system cost, including a battery system.
Call (866) 450-1012 or enter your information. An ADT Solar Energy Specialist will contact you to schedule your estimate and help you determine if solar is right for you.
Now you’ve seen how installing solar panels on your home can save you money, as well as provide an investment for freedom from your utility company, what are you waiting for?
Now is never better to reduce or eliminate your electric bill, as well as increase your home value, and reduce your environmental footprint.
In addition, thanks to a mandate signed in Virginia in 2020 by Gov. Ralph Northam, the future for solar energy in Virginia looks promising.
The Virginia Clean Economy Act will require the state’s utilities to switch to 100% clean energy by 2050, while also adding 16 GW of solar and onshore wind, 3 GW of energy storage and the closing of all the state’s coal power plants by 2024.
This means for those wanting to free themselves of their electric company, the state is about to light up with solar energy, including the potential for more incentives for your solar panel system.
An article in Solar Builder Magazine summed up this bill quite nicely, outline the four main pillars it stands on:
Now let’s dive into the incentives that are already in play for solar panels in Virginia.
Net metering is a great incentive that helps homeowners get the most value out of their solar panel investment.
Read more about net metering.
Net metering is set up through your utility company provider and allows you to sell any excess electricity produced by your solar panels back to your utility company. They will then credit your account for this energy, which reduces your monthly bill, or in some cases can eliminate it completely. Excess generation of power due to your solar panels can bring large savings for your home.
Currently, Dominion Energy offers net metering.
Fortunately for residents of Virginia, the state’s interconnection policies are solid, which means homeowners wanting to go solar are looking at straightforward rules to get their system ready for earning energy credits from net metering.
You can find their 5 simple steps as well as requirements on their site.
And here is an example of how net metering works, thanks to Dominion Energy.
Not only do solar panels save you money, but they also add value to your home.
On average, solar panels add $20 of value for every $1 you save on your electric bill. So if you saved $200 a month on your electric bill with solar panels, you’d have an additional $4,000 of value added to your home.
But if you’re worried about increased property taxes as a result of this added value, worry not! In the state of Virginia, solar panels are completely property tax exempt. That means all the value without having to pay additional property taxes for the solar panels installed on your home.
Now that we’ve seen the local incentives for going solar, let’s take a look at the federal incentives, otherwise known as the solar investment tax credit (ITC).
The Virginia Solar Easements Act of 1978 allows property owners to obtain easements to maintain access to sunlight. If your neighbor can obstruct your solar energy system’s access to sunlight, a solar easement would restore your direct access to sunlight.
Virginia homeowners who live in a Homeowners Association do not need to worry about the possibility of your Homeowners Association restricting your right to install a solar energy system. The state of Virginia has solar access laws that deny community associations from prohibiting homeowners a solar panel system in their property.
So long as your request for solar panels follows your HOA’s home improvement guidelines, they cannot deny you the right to install residential solar panels in your home. For your convenience, our solar specialists handle any paperwork required for an installation on your behalf.
Choosing a solar contractor for your area can be intimidating, which is why it’s helpful to remember the three most important tips when choosing a solar panel company.
Since 2008, ADT Solar has a proven history and reputation for providing quality service, and was ranked #5 for 2020 Solar Power World’s Top Residential Solar Installer in the United States. We are proud to offer some of the best warranties you can find in the solar industry and only use products that offer the same.
If you’re ready to take the next step, or even if you’re considering what it would take to get you there, contact us to discover all your options.
We install solar and roofs in Richmond and surrounding areas. Contact us today to see if we service your area and get free solar quotes for your particular needs.
*Tax and credits or incentives including those provided by federal, state, or local governments may change or end. This can impact the amount of money you might save. Consult a tax professional to understand any tax liability or eligibility for any tax credits that may result from the purchase of your solar system.
**If you have taxable income and own the system, you may qualify for the federal investment tax credit (ITC). It is your responsibility to determine your eligibility and to apply. Consult a qualified tax professional for assistance and details.