6 October 2009:

Governor Tim Kaine announced this afternoon that $40,000,000 in American Recovery and Reinvestment Act (ARRA) funds are now available to implement the Virginia State Energy Plan (SEP)

Governor Tim Kaine announced this afternoon that $40,000,000 in American Recovery and Reinvestment Act (ARRA) funds are now available to implement the Virginia State Energy Plan (SEP).

Of the $40 million available, $15,000,000 has been earmarked for the new Virginia Renewable Energy Rebate Program which will provide rebates to Virginians who install solar renewable energy generation systems.

"The Renewable Energy Rebate Program provides rebates on purchases made after June 25, 2009. Rebates will be based on the capacity of the generating systemfor example a residential photovoltaic system is eligible for $2,000 per kilowatt , up to 10 kilowatts in size."

To read the full press release, visit http://www.stimulus.virginia.gov/news/index.cfm?id=1106.

In addition, the new 30% Solar Federal Income Tax Credit (ITC) is now in effect. If you install your solar electric system in 2009, you will receive 30% of the installed system cost back in the form of a Federal income tax credit when you file your 2009 Federal Income Taxes. The Federal Solar ITC is in effect through 2016.

Combine the Virginia Cash Rebate, the 30% Federal Tax Credit, annual electricity savings, and an annual Solar Energy Credit, and your new solar panel system can pay for itself in a matter of a years... leaving you with a rock solid return on your investment and free electricity for the next 25+ years.

Time is of the essence. The Virginia Renewable Energy Rebate Program funds are available on a first come, first serve basis only.

Take control of your rising energy costs. With the current incentives, now is the right time to go solar. Don’t miss out on these tremendous government incentives and get on the Virginia Solar Rebate list. Call us today to get started at (301) 944-5222 or request a free solar evaluation online.