Virginia Solar Energy and Battery Energy Storage Systems Grant Program; established.
What changed between versions
Changed from a tax credit program to a grant program, eliminating the 35% tax credit structure and replacing it with direct grant funding
Removed the $50 million annual credit cap and the specific allocation of $12.5 million for residential projects and $37.5 million for commercial/utility-scale projects
Consolidated definitions into a single section and removed the separate program administration sections, making the definitions section more comprehensive and standalone
Removed detailed project approval requirements and operational timelines that were previously specified in separate sections for residential, commercial, and utility-scale projects
Changed the program title from 'Virginia Solar Energy and Battery Energy Storage Systems Program' to 'Virginia Solar Energy and Battery Energy Storage Systems Grant Program' to reflect the funding mechanism change
Removed the certificate of approval process, documentation retention requirements, and Tax Commissioner guidelines that were part of the tax credit enforcement structure
Removed the specific effective date of January 1, 2027 that was tied to the tax credit implementation timeline