Commercial Solar Property Tax Exemption

Commercial, industrial, institutional, agricultural, or public property used in Virginia as part of a solar thermal system, including thermal energy storage, may be partially or wholly exempt from property tax. Property associated with systems producing 5 MW or less is wholly exempt, as are systems up to 20 MW owned by higher education institutions. Projects up to 150 MW can be 80% exempt; but not if they exceed 20 MW and begin construction in 2024 or later. Land cannot be exempt under this policy. Systems combining solar photovoltaic with thermal energy storage qualify for the exemption.