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Governor Youngkin Signs Energy Generation Property Tax Exemption Into Law, Strengthening Energy Freedom in Virginia
RICHMOND, VA — Virginia Governor Glenn Youngkin signed a bill into law today which creates a property tax exemption for residential and mixed-use solar energy systems up to 25 kilowatts in size. This new law expands energy freedom for consumers and creates an additional incentive to do business in the Commonwealth.
WASHINGTON, D.C. — Today over 100 manufacturers and producers sent a letter to President Biden, Leader Schumer, Speaker Pelosi, and committee chairs stating their strong support for long-term clean energy tax incentives in federal budget reconciliation legislation.
It’s well documented that clean energy tax incentives can launch massive private investment. It has also become clear that these incentives will transform U.S. solar manufacturing — putting us well on our way to achieving the Solar Energy Industries Association’s (SEIA’s) goal of 50 GW of domestic solar manufacturing capacity. This will only happen, however, if we seize the energy tax investment opportunity before us.