Virginia Adopts New Laws to Promote Renewable Energy
June 17, 2011
Virginia's Governor Bob McDonnell signed eight pieces of new legislation on June 15 to promote the state's renewable energy industry and to spur clean energy pilot projects. The laws will further advance development of renewable energy sources through solar generation demonstration programs, expansion of distributed generation, and by establishing additional incentives for individuals and companies to use renewable energy. The new laws will go into effect July 1.
The new measures boost renewables by allowing the Virginia Resources Authority to support the development of renewable energy projects, doubling the amount of electricity a homeowner or business can generate from 10 kilowatts (KW) to 20 KW, and establishing a voluntary solar resource development fund which can be used to loan funds to boost construction of solar projects. See the governor's press release.