This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer.
West Virginia does not offer many commercial solar incentives. However, there are several federal incentives can significantly reduce solar system project costs for commercial businesses when combined with the state's solar incentives.
West Virginia Solar Incentives
Tax Credit Bonuses
Additionally business owners in West Virginia can qualify for the Domestic Content Bonus, which provides a 10% extra tax credit for projects using U.S.-manufactured materials, and the Energy Community Bonus, offering an additional 10% credit for projects in areas such as former coal communities. These federal solar incentives, available for up to 10 years after installation.
Net Metering
West Virginia's net metering policy allows commercial businesses to receive credits for excess energy that their solar system produces. Credits can be applied to future utility bills to alleviate energy costs.
Fill out our interest form to get connected with one of our trusted installers and find out which regional solar incentives you may qualify for!
Commercial Installation Projects
Federal Incentives Available in WV
Business owners in West Virginia may also take advantage of several federal solar incentives that could be combined with the state's current incentives. When applied, these solar incentives have the potential to significantly reduce the cost of installing a solar system.
- Business Energy Investment Tax Credit (ITC)
The business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district.
Connect with a local installer to find out if you qualify for additional tax credits.
- Renewable Electricity Production Tax Credit (PTC)
Business owners in West Virginia may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.
Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.
- Modified Accelerated Cost-Recovery System (MACRS)
West Virginia business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
- West Virginia Commercial Property-Assessed Clean Energy (C-PACE)
C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.
- Rural Energy for America Program (REAP Grant)
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
This grant is only available if you own a small business in an area with less than 50,000 in total population.
Connect with a local West Virginia installer to see which incentives can contribute to your solar system.
Get Connected with a WV Installer!
As a leading solar equipment distribution company in North America, Greentech Renewables goes beyond supply by connecting business owners to our vast network of trusted local installers. Our installers work closely with one of our 100+ Greentech Renewables locations across the country to guide you through each stage of the project from creating a custom proposal and project design to acquiring materials and installing the solar system. Fill out our interest form to get connected with the best West Virginia installer for you!
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