| Implementing Sector: | State |
| Category: | Regulatory Policy |
| State: | Virginia |
| Incentive Type: | Public Benefits Fund |
| Web Site: | https://www.dmme.virginia.gov/srdd/frmMain.aspx |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Space Heat, Solar Photovoltaics |
| Name: | Va. Code § 67-1300 et seq. |
| Date Enacted: | 04/06/2011 |
| Expiration Date: | 07/01/2016 |
In April 2011, the Virginia legislature created the Voluntary Solar Resource Development Fund. The fund is administered by the Department of Mines, Minerals and Energy (DMME). All utilities are required to provide a link on their web site to the DMME web site, where customers can make contributions to the fund. Utilities must also provide opportunities for customers to donate through their paper newsletters, emails or bills.
The fund will be used to provide loans for residential, commercial, or nonprofit solar energy projects. Qualifying solar energy projects cannot be acquired, installed or operating before July 1, 2012.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
