Cost & Savings Breakdown
Based on $150/month electric bill in Virginia Beach
System Size
7 kW
Annual Production
9,359 kWh
Gross System Cost
$20,555
Federal Tax Credit (30%)
-$6,166
State Incentive
-$500
Net Cost
$13,888
Monthly Savings
$122
CO₂ Offset/yr
8,610 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$0.156/kWh
Peak Sun Hours4.6 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 Virginia Beach?
Solar in Virginia Beach, Virginia costs approximately $20,555 for a 7 kW system. After the 30% federal tax credit, your net cost is about $13,888.
What is the solar payback period in Virginia Beach?
The estimated payback period for solar in Virginia Beach is 9.5 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does Dominion Energy VA offer net metering?
Dominion Energy VA offers Full Retail net metering. Full retail rate.