Establishes Virginia Solar Energy and Battery Energy Storage Systems Program.
The bill establishes the Virginia Solar Energy and Battery Energy Storage Systems Program, administered by the Department of Energy. It includes tax credits for solar energy and short-duration battery energy storage projects, with specific requirements for residential, commercial, industrial, and utility-scale projects. The Department evaluates and approves projects, and the Tax Commissioner develops guidelines for tax credits. The program also mandates the creation of a regional uptake dashboard and quarterly transparency reports.
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