Estimated Savings for a Typical Virginia Home
Based on a $150/month electric bill
System Size
7.9 kW
Gross Cost
$23,236
Federal Credit
-$6,971
State Incentive
-$500
Net Cost
$15,765
Annual Savings
$1,460
Payback Period
10.8 yrs
25-Year Savings
$34,105
CO₂ Offset/yr
9,733 lbs
Virginia Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$500
Virginia State Incentive
Virginia offers a sales tax exemption on solar equipment.
Net Metering Policy: Full Retail
Top utility in Virginia: Dominion Energy VA. View full incentives detail →
Solar Costs by City in Virginia
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Virginia Beach | $1,460 | 9.5 | 459,470 | Dominion Energy VA |
| Chesapeake | $1,460 | 11.7 | 249,422 | Dominion Energy VA |
| Norfolk | $1,460 | 9.8 | 242,742 | Dominion Energy VA |
| Richmond | $1,460 | 9.3 | 226,610 | Dominion Energy VA |
| Newport News | $1,460 | 9.4 | 181,913 | Dominion Energy VA |
| Alexandria | $1,460 | 9.8 | 160,035 | Dominion Energy VA |
| Hampton | $1,460 | 10.8 | 137,148 | Dominion Energy VA |
| Roanoke | $1,460 | 12.1 | 100,011 | Appalachian Power |
| Suffolk | $1,460 | 11.2 | 96,901 | Dominion Energy VA |
| Lynchburg | $1,460 | 11.7 | 82,168 | Appalachian Power |
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Quick Facts: Virginia
- ⚡ Avg rate: $0.138/kWh
- 🌞 Peak sun: 4.6 hrs/day
- 🏭 Top utility: Dominion Energy VA
- 📋 Net metering: Full Retail