Cost & Savings Breakdown
Based on $150/month electric bill in Chesapeake
System Size
8.5 kW
Annual Production
11,680 kWh
Gross System Cost
$25,106
Federal Tax Credit (30%)
-$7,532
State Incentive
-$500
Net Cost
$17,074
Monthly Savings
$122
CO₂ Offset/yr
10,746 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDominion Energy VA
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.125/kWh
Peak Sun Hours4.7 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Virginia State Incentive — Virginia offers a sales tax exemption on solar equipment.
Common Questions
How much does solar cost in Chesapeake?
Solar in Chesapeake, Virginia costs approximately $25,106 for a 8.5 kW system. After the 30% federal tax credit, your net cost is about $17,074.
What is the solar payback period in Chesapeake?
The estimated payback period for solar in Chesapeake is 11.7 years, based on a $150/month electric bill and local sun hours of 4.7 hrs/day.
Does Dominion Energy VA offer net metering?
Dominion Energy VA offers Full Retail net metering. Full retail rate.