Solar Incentives

Solar energy systems are now more affordable than ever with substantial Federal and State incentives up to 30%, as well as dedicated financing sources such as Clean Power Finance.

Federal Incentives

The Federal stimulus package of 2008 included incentives to reimburse purchasers of solar energy systems – with no maximum limit. Time-frames and funds available are limited.

State Incentives

Virginia Governor Tim Kaine announced in October 2009 the release of $15 million in incentives for investment in renewable energy. Time-frames and availability are limited.

ROI (Return On Investment) Timeline

• Based on typical residential solar energy system of 5.5watts installed for $48k.
• Return on investment rate based on electricity rates rising at 8% per year.

Installation – Day 1

Contractor costs, initial investment.

State Credit – 3 months

Payback 30% (+/-) of system.

Federal Credit – 1 year

Payback 30% (+/-) off system.

Payoff – 5 to 10 years

Cost $0k

+ Free supplemental energy