Cost & Savings Breakdown
Based on $150/month electric bill in Suffolk
System Size
8.2 kW
Annual Production
11,231 kWh
Gross System Cost
$24,141
Federal Tax Credit (30%)
-$7,242
State Incentive
-$500
Net Cost
$16,399
Monthly Savings
$122
CO₂ Offset/yr
10,332 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$0.130/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 Suffolk?
Solar in Suffolk, Virginia costs approximately $24,141 for a 8.2 kW system. After the 30% federal tax credit, your net cost is about $16,399.
What is the solar payback period in Suffolk?
The estimated payback period for solar in Suffolk is 11.2 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.