Benefits of Solar Energy
Solar energy provides multiple advantages that will enhance your home for years to come.
- Lowered energy bills: You can avoid the expensive cost of grid-tied power by creating some electricity at home.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Solar systems with energy storage work through power outages and emergencies, and you won't have to rely on the grid for your safety and well-being.
What Solar Incentives Are Available to Virginia Beach Homeowners?
The state of Virginia offers numerous solar incentives to help cut your solar system costs. Here's a breakdown of available solar programs where you live.
Incentive Type: Personal Tax Deduction
20% of the sales tax paid by an individual
Incentive Type: Property Tax IncentiveWebsite: law.lis.virginia.gov
Depends on the local governing body
Incentive Type: Property Tax IncentiveWebsite: dmme.virginia.gov
Varies (local option)
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Virginia Beach
The more thorough your company research is, the better your solar system will ultimately perform. Consider all of these aspects in your service provider search.
Licensing and Training
Since 2012, Virginia's Department of Professional and Occupational Regulation has issued Alternative Energy Systems (AES) licenses to contractors who install solar photovoltaic systems. A contractor with an AES license may need to subcontract plumbing, electrical or HVAC work. Solar companies can also pursue certifications from standards organizations and trade groups. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Virginia Beach
Your solar panels' model will affect how much energy you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional components, such as battery storage and electric vehicle (EV) chargers, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider provides these extras, so look for a company that installs them if it's important for you.
Generally speaking, it will cost about $17,950 for a five-kilowatt solar array in Virginia Beach. This table shows more specific costs for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Virginia Beach
Solar companies offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar leases, solar loans, cash payments and power purchase agreements (PPAs). We recommend making a cash payment or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to reduce your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, similar to an electric bill. We typically don’t recommend these two choices because you won't own the panels and cannot use solar incentives. We suggest working with an installer that offers multiple financing options. Ask each representative about what's available, and secure more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Virginia Beach.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. City and state governments and utilities might also offer their own rebates, incentives, and financing programs that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Virginia Beach
How much money could I save by going solar in Virginia Beach?
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Should I expect a property value increase after switching to solar energy?
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