{"id":6596,"date":"2023-02-03T08:14:19","date_gmt":"2023-02-03T08:14:19","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=6596"},"modified":"2023-02-03T08:25:53","modified_gmt":"2023-02-03T08:25:53","slug":"solar-incentives-virginia","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/solar-incentives-virginia\/","title":{"rendered":"What Solar Incentives Virginia State Offers in Tax Credit Form?"},"content":{"rendered":"\n
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The solar incentive Virginia<\/em> state offers in the form of a tax credit for its residents who invest in solar energy systems. This solar tax credit is designed to encourage the adoption of renewable energy sources and reduce the state’s dependence on non-renewable energy. Yes, it may not be like the California solar incentives<\/a>, but still, the state allows some.<\/p>\n\n\n\n

The tax credit is equal to 25% of the cost of the solar energy system, up to a maximum of $2,500 for residential properties and $50,000 for businesses. This means that the tax credit will cover the entire cost if a solar energy system for residential property is less than $10,000. If the cost is more than $10,000, the credit will be limited to $2,500. For businesses, if the cost of the system is less than $200,000, the tax credit will cover 25% of the cost. If the cost is more than $200,000, the credit will be limited to $50,000.<\/p>\n\n\n\n

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