The bill will create a “Voluntary Solar Resource Development Fund,” which will distribute affordable loans to help power customers install solar panels and solar water heaters at their homes or businesses. The fund will receive funding from voluntary contributions and grants. Utilities will be required to promote the funds and let customers opt-in for monthly contributions.
“Virginia has some of the highest solar energy potential in the region, but we’re being outpaced by our neighbors like Maryland, which has only two-thirds our population but thirteen times the number of homes powered by solar energy,” Ebbin said. “We all recognize the need to increase the use of renewable energy resources and my legislation will make the environmental choice a more affordable choice for Virginians.”
The bill received support from both utility companies and environmental groups.