Virginia solar has had a long and hard history, but with solar panel prices falling, install prices dropping, and SREC prices increasing, things are looking up!
This year has been a strong one for solar, with the Pennsylvania SREC finally reaching above the $20 range. With a high point of $70, and an average market value of around $55, the SREC value for Virginia solar-system owners translates to roughly an additional $0.05/ kWh in energy value.
Previously, the only way to get a production incentive was to be signed up on the Dominion Power “Solar Purchase Program”, which locks users in for a five-year term, at 15 cents / kWh. With the SREC price on the move, Virginia system owners may have more options, and more incentives than they ever have before.
For a current quote, or more information about available incentives, please contact us today.