Solar Incentives

Recent Federal and State incentives makes solar energy systems more affordable than ever. Comfortable with the procedure, Shockoe Solar can help guide you through the process.

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