Virginia Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 07/26/2012
Program Overview:
| State: |
Virginia |
| Incentive Type: |
Personal Deduction |
| Eligible Efficiency Technologies: |
Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Heat Pump Water Heaters |
| Eligible Renewable/Other Technologies: |
Fuel Cells |
| Applicable Sectors: |
Residential |
| Amount: | 20% of the sales tax paid by an individual |
| Maximum Incentive: | Not to exceed $500 |
| Equipment Requirements: | Must meet federal Energy Star efficiency requirements |
| Start Date: | 3/23/2007 |
| Expiration Date: | 7/1/2017 |
| Web Site: |
http://www.dmme.virginia.gov/DE/taxcredit.shtml
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Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
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Va. Code ยง 58.1-609.1
3/23/2007
3/23/2007
7/1/2012
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Summary:
This incentive is available for dishwashers, clothes washers, air conditioners, ceiling fans, compact fluorescent light bulbs, dehumidifiers, programmable thermostats or refrigerators that meet or exceed federal Energy Star standards. Purchases of fuel cells that generate electricity using an electrochemical process, have an electricity-only generation efficiency greater than 35%, and have a generating capacity of at least two kilowatts(kW) are also eligible for the deduction.
For taxable years beginning in 2007, individuals may claim a deduction of 20%, up to $500, on their state income tax return for sales tax paid to purchase certain energy-efficient products listed on this web site.
Note: Certain EPA "Watersense" products may also qualify. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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