ORION SMART POWER
Virginia, often referred to as the 'Mother of States', is becoming a leading solar energy producer in the United States. Boasting an average of 205 sunny days annually, Virginia has implemented several policies that support solar energy production within the state. The Solar Energy Industries Association indicates that Virginia produces 2,546.4 Megawatts (MW) of solar power each year – enough to provide electricity to 280,993 homes. It is projected that this number will skyrocket during the next five years with a grand total of 6,454 MW being generated - making it one of the top solar-producing states in America. Furthermore, the state pledges to go 100% renewable by 2045 – five years before many other states! This makes Virginia an attractive place for anyone interested in investing or exploring opportunities involving solar energy.
4 Reasons Why It’s Worth Going Solar in Virginia
Add battery storage to your solar system so you can rely on clean energy and disconnect from the grid during outages.
COUNT ON SAVINGS
Reduce your carbon footprint while harnessing the power of the sun. Solar panels take advantage of this by providing consistent, reliable power.
LOWER YOUR FOOTPRINT
Solar power has many advantages over fossil fuels as a renewable energy source. It is a more viable option for your home, community, and the environment.
INCREASE HOME VALUE
Due to the increasing popularity of solar-powered homes, they stand out, resulting in immense profits as they sell faster and at a higher value in the national real estate market.
Available Solar Incentives Virginia
Incentives help lower the cost of your solar energy system. Those available in Virginia include:
The Federal ITC: Most solar energy installations are eligible for the federal tax credit—formally known as the Solar Investment Tax Credit (ITC), which allows you to deduct up to 30% of your solar system’s installation costs from your total tax liability for the year of purchase. Storage costs when paired with solar qualify for the ITC.
State Property Tax Exemption: Solar has been shown to increase the value of your home. Texas is great in that it exempts this addition from your property taxes, meaning you don’t pay extra taxes because you got solar panels.
Solar Renewable Energy Certificates (SRECs): SRECs are the non-tangible “certificate” of proof solar energy was generated. Solar panel owners can sell SRECs on the market similar to stocks.
Switching to solar is easy with ORION
Orion Smart Power is one of the country’s fastest-growing companies. We actively install in twenty states. Not in one of these states?
Please contact us to see if we’re in your area.