Solar power systems virginia

How much solar energy does Virginia produce?

According to the SEIA, Virginia generates 2,546.4 MW of solar energy each year, enough to power 280,993 homes. The state's solar production makes it the 11th top solar producer in the U.S. Projections indicate that the state's solar energy production will rise to 6,454 MW within five years.

Is Virginia a good place to use solar energy?

Virginia’s sunny conditions make it a great place to use solar energy. According to the Solar Energy Industries Association (SEIA), it’s one of the top 10 states for solar energy and has invested $4.8 million in solar power as of December 2022.

What does Virginia Energy do with solar energy?

The Virginia Energy supports solar energy projects that promote the broader use and application of solar technologies in the Commonwealth. On April 22, 2024, Virginia Energy received $156 million for the Solar for All program through EPA's Greenhouse Gas Reduction Fund.

How much do solar panels cost in Virginia?

In Virginia, the typical cost of solar panels is $3.04 per watt, and the average system size is 11 kW. The cost per watt is calculated by taking the total cost of the solar system and dividing it by the system’s total wattage capacity. » WHAT’S THE DIFFERENCE? Kilowatt vs. kilowatt-hour Are solar panels worth it in Virginia?

Are solar panels a good investment in Virginia?

Solar panels will save you a lot of money over time, but the upfront costs aren't cheap. The average Virginia homeowner needs a 12.82 kW solar panel system to cover their electricity needs, which comes out to $36,980 before incentives.

Can you sell solar panels to a utility company in Virginia?

Virginia solar owners earn one SREC for each megawatt-hour (MWh) of energy their panels produce. You can sell these SRECs to your utility company to make money back. Virginia solar customers who purchase their systems in full or take out a loan also qualify for the federal solar tax credit, referred to as the Residential Clean Energy Credit.