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Newly Signed Virginia Bill Offers Property Tax Relief for Solar Owners

Virginia Gov. Glenn Youngkin Virginia Gov. Glenn Youngkin has actually signed a bill into law which produces a real estate tax exemption for residential and mixed-use solar energy systems up to 25 kW in size. This new law expands energy liberty for customers and produces an additional reward to do service in the Commonwealth. “With his signature, Governor Youngkin has considerably strengthened consumer energy option in Virginia with a business-friendly method to promoting the regional tidy economy,” specifies Will Giese, southeast local director for the solar energy Industries Association (SEIA). “This new law empowers millions of Virginians to select the energy that works for them, while increasing the value of their homes and producing certainty to attract new services and jobs. “The solar industry employs over 4,000 Virginians and has actually assisted 10s of countless state homeowners lower their electricity expenses by going solar,” continues Giese. “Virginia now has a home-generation tax policy that is competitive with other southern states, and business are ready to continue decreasing and growing the local economy energy expenses for individuals throughout the Commonwealth. Looking ahead, SEIA will continue to be a steadfast advocate for a competitive and open solar and storage market in Virginia.”

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