Charlottesville (Residential) Tax Incentives
Located in Charlottesville? Looking to learn more about the incentives that make Charlottesville a solar-friendly place?
City of Charlottesville residents get a real estate tax credit for 5 years for the cost of their solar system! What does this mean?
If your solar system costs $20,000, then your real estate tax assessment will be reduced by that amount for five consecutive years.
The real estate tax rate is 1% so you save 1% of the cost of your solar system each year which amounts to a 5% system cost reduction over five years.
This might sound like a small amount of money, but it adds up, increasing your ROI and shortening your payback period significantly.
Thanks Charlottesville, we are proud to call you home.
Commercial Tax Incentives
Charlottesville – no interest for 10 years – systems could be paid off in as little as 4 years.