Buy Solar Panels In Virginia

Moving to solar power may be a smart move for virginia residents.

Buy solar panels in virginia.

Ppas were more popular in past years when solar panels were much more expensive and when it could cost 45 000 or more to put solar on your home. Dominion energy currently has solar energy services in nine states. In response solar is on the rise meeting the economic and environmental needs of the state. Now in virginia the average home can get solar installed for 20 000 or less.

How long does it take to earn back your initial investment in solar panels. How much do solar panels cost in virginia. Yes the whole range of zero down payment options are available in virginia from loans to leases to power purchase agreements ppas. There are plans for a significant expansion of large scale solar energy in virginia.

The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april. 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. Here s an example of how the numbers work for a purchase of a 5 kw rooftop solar system in virginia. Installing a typical 5 kw solar system should start at about 18 750.

According to dominion energy virginia s most recent long term plan at least 15 900 megawatts of new solar energy could be added in the next 15 years. 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. But in the last five years the cost of solar panels has dropped by 80 making home solar much more affordable. These are increasingly popular and offer a great way to leverage your solar investment or simply to power your home with green energy without spending big wedges of greenback.

On a cost per watt w basis a solar panel installation in virginia ranges in price from 2 46 to 3 34. From virginia data it is shown that the average cost of a solar panel installation ranges from 12 325 to 16 675. Nature power solar panels take the sun s energy and turns it into electric current.