Newly Signed Virginia Bill Offers Property Tax Relief for Solar Owners

Virginia Gov. Glenn Youngkin, the Virginia governor, has signed a bill into legislation that creates a property-tax exemption for residential and mixed use solar energy systems up 25 kW. This law expands energy freedom and provides an incentive to do business with the Commonwealth.

“With his signature, Governor Youngkin has significantly strengthened customer energy choice in Virginia with a business-friendly approach to promoting the local clean economy,” states Will Giese, southeast regional director for the Solar Energy Industries Association (SEIA). “This new law empowers millions of Virginians to choose the energy that works for them, while increasing the value of their homes and creating certainty to attract new businesses and jobs.

“The solar industry employs over 4,000 Virginians and has helped tens of thousands of state residents lower their electricity bills by going solar,” continues Giese. “Virginia now has a home-generation tax policy that is competitive with other southern states, and companies are ready to continue growing the local economy and lowering energy costs for people across the Commonwealth. Looking ahead, SEIA will continue to be a steadfast advocate for an open and competitive solar and storage market in Virginia.”