RichmondSolar Incentives 2026: Rebates, Tax Credits & Net Metering
Richmond homeowners installing in 2026 cannot claim the federal residential credit. What remains is Dominion Energy net metering. At 4.8 peak sun hours a day, a home with a $135/month bill (about 964 kWh) needs roughly a 8.4 kW system — 21 panels — and pays back in about 12.7 years.
Solar Incentives Available in Richmond
The federal residential credit does not apply to a Richmond system installed in 2026. Virginia does not add a state income tax credit in this dataset. Dominion Energy sets the local rules for crediting the solar power you export.
Dominion Energy serves Richmond with net metering, and Virginia's solar property tax exemption keeps the added home value off your tax bill.
How Much Solar Richmond Homes Produce
Richmond gets 4.8 peak sun hours a day, so each 1 kW of panels produces about 1,402 kWh per year here. A 8.4 kW system — the size that fits a typical $135/month Dominion Energy bill — generates roughly 11,773 kWh annually, worth about $1,648 in avoided electricity in year one and more as rates rise.
Dominion Energy Net Metering in Richmond
Dominion Energy credits excess solar generation from Richmond homes under Virginia's full retail-rate net metering (~100% of retail). A right-sized system can bring net annual electricity costs close to zero. See full Virginia net metering rules →
How Much Do Solar Panels Cost in Richmond?
At Virginia's 2026 average of $2.90/watt, the 8.4 kW system most Richmond homes need runs about $24,360 before incentives. The federal residential credit is $0. Net cost in this model is about $24,360, with payback around 12.7 years. Those figures use $0 federal credit.
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Frequently Asked Questions
Solar Incentives in Other Virginia Cities
See your exact Richmond solar savings
Enter your Dominion Energy bill. The calculator uses $0 federal credit plus Virginia incentives — system size, net cost, payback, and 25-year savings.