Dominion Energy Solar Panel

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.

Dominion energy solar panel.

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. All across virginia homeowners are working to protect the state s natural beauty by switching to renewable energy resources like solar. Retaining the ownership of the solar panels allows the solar farm investors to realize the federal investment tax credit itc for qualified advanced energy projects. In order to serve you better please select your dominion energy location services.

There are plans for a significant expansion of large scale solar energy in virginia. Dominion energy acquired the hollyfield solar project as a development asset. The decision to switch to solar in old dominion is made easier with strong financial incentives such as a renewable energy systems tax credit solar easements and rights and net metering availability. Since dominion energy said in 2018 that it would initiate a program to add 3 000 megawatts of solar and wind generation to the electric grid in virginia by the end of 2022 the company has announced plans or power purchase agreements for about 675 megawatts of such energy or 20 percent of its goal.

Three thousand megawatts of electric generating capacity can serve at least 750 000. The facility features approximately 65 000 solar panels enough to power about 4 250 homes at peak output. Program participants then virtually use solar energy without needing solar panels installed on their home or business. By selecting to choose later you are choosing not to view state specific content.

Dominion energy currently has solar energy services in nine states. Program development status on september 11 2018 the virginia state corporation commission scc approved the virginia community solar pilot. The dominion energy south carolina bill credit of 0 10 per kilowatt hour remains the same for the full term whether or not the customer elects to purchase the panels outright. Dominion energy plans to place 1 400 solar panels on top of the five story parking garage at its tredegar street office complex along the james river.

The facility entered operations in september 2018. Dominion energy customers who have solar panels have the opportunity to enroll in a net metering program.