Virginia has announced that it will be implementing its first-ever renewable energy rebate program, supported by Standard Solar. This will provide homeowners and businesses in the Commonwealth with a possible US$2,000 per kW for PV systems up to 10kW. Standard Solar urges interested parties to apply quickly as there is a limit on available funds.
The Mid-Atlantic region’s largest solar developer and installer, Standard Solar has commended the state’s governor — Tim Kaine — for his interest in implementing this policy, allocating US$15 million of Federal stimulus funding in order to launch this program.
“In setting up this program, Governor Kaine is going to unleash the pent-up demand for solar that we have been seeing in the Commonwealth for the past three years,” said Tony Clifford, CEO of Standard Solar.
The program could potentially supply a residential system of 10kW a maximum rebate of $20,000, while businesses can receive a rebate for PV systems up to 200kW. The rebate amount for businesses starts at $2,000 per kW for the first 10kW installed, with a reduced amount for systems larger than this.
“Virginians who have long wanted solar now have the opportunity better manage their electricity costs and lower their own carbon footprints,” Clifford added. “We look forward to working with both residents and businesses throughout the Virginia. This is the best way yet to save money and improve our environment.”
This initial rebate program is working with finite funding, with rebates issued on a first-come, first-served basis. For this reason Standard Solar recommends that eligible homeowners and businesses in Alexandria, Fairfax, Arlington, Loudoun, Fauquier, Prince William and Stafford counties sign up quickly for an evaluation on Standard Solar’s website.
The new Virginia rebate will work alongside the 30% solar Federal Investment Tax Credit now in effect.