Virginia passes law to allow third-party solar financing

Facebook
Twitter
LinkedIn
Reddit
Email
Over 50,000 homes have installed solar systems in Virginia. Image: Sunnova.

The Virginia General Assembly has passed a bill to allow rooftop solar leasing with a third party in the state, and prohibit customers from being required to provide proof of liability insurance as a prerequisite for interconnection.

The law, which will come into effect on 1 July 2024, also states that customers that generate their own electricity and use battery energy storage systems (BESS) alongside their generator won’t have to pay standby charges.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“As our energy demand increases, we’ll need to think of novel ways to generate supply, and programs like solar leasing and net metering help incentivise deployment where it’s needed most,” said Suhas Subramanyam, a member of the Virginia Senate.

According to the Solar Energy Industries Association (SEIA), more than 50,000 Virginia homes have solar systems installed, and the market is expected to grow by nearly ten times in the next decade. In 2020, the Virginia General Assembly passed the Virginia Clean Economy Act (VCEA), which mandated a goal of 100% zero carbon energy generation by 2050.

“As thousands of Virginia families consider their energy choices and install solar over the next decade, the solar and storage industry is taking steps to ensure every installation is safe, reliable, and meets customer expectations. SEIA will continue to advocate for policies that open the market for solar, put customers first, and strengthen Virginia’s energy economy,” said Caitlin Vincent, Southeast senior manager for the SEIA.

As of the end of 2023, Virginia boasted 4.84GW of installed solar capacity while it added 591.6MW in 2023, according to the SEIA, and solar met 6.56% of power demand in the state last year. Regarding solar installations, utility scale projects have accounted for the majority of additions since 2020, while residential solar installations have gained traction since 2020 as well. 

Read Next

May 26, 2026
German developer Blue Elephant Energy has begun constructing a 268MW solar PV plant in Germany. Power from the project will be bought by Germany train operator, Deutsche Bahn.
May 25, 2026
Mining giant Fortescue has begun construction on the 690MW Turner River solar PV power plant in Western Australia's Pilbara region.
May 25, 2026
Australia's CIS Tender 7 has seen 19 successful projects, which will deliver 7.8GW of renewable energy generation across the NEM.
Premium
May 22, 2026
As trade dynamics shift, could the EU become the next big market for Indian solar suppliers? PV Tech Premium explores the outlook with Wood Mackenzie’s Yana Hryshko and IEEFA’s Charith Konda.
Premium
May 22, 2026
PV Talk: Frank Oudheusden explains how robotics could create a paradigm shift and improvements in PV system optimisation for extreme weather.
May 22, 2026
The planned merger of US utilities NextEra Energy and Dominion Energy should be met with “caution” by state lawmakers, according to a number of US clean energy and political non-profit groups.

Upcoming Events

Upcoming Webinars
May 27, 2026
9am BST / 10am CEST
Upcoming Webinars
May 27, 2026
9am BST / 10am CEST
Media Partners, Solar Media Events
June 2, 2026
Johannesburg, South Africa
Media Partners, Solar Media Events
June 3, 2026
National Exhibition and Convention Center (Shanghai)
Solar Media Events
June 16, 2026
Napa, USA