INDUSTRY NEWS

Virginia passes law to allow third-party solar financing

2024-05-07

Over 50,000 homes have installed solar systems in Virginia. Image: Sunnova.

The Virginia General Assembly has passed a bill to allow rooftop solar leasing with a third party in the state, and prohibit customers from being required to provide proof of liability insurance as a prerequisite for interconnection.

The law, which will come into effect on 1 July 2024, also states that customers that generate their own electricity and use battery energy storage systems (BESS) alongside their generator won’t have to pay standby charges.

(The above content is reproduced from pv-tech,By Simon Yuen)

 

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