Northern Virginia

Northern Virginia Electric Company (NOVEC)

https://www.novec.com/Environment/Net-Metering.cfm

Utility Fixed Fee: $21.30/month

Avg Utility Rate (before solar): $0.124/kWh

Solar Buyback: 1:1 Net Metering

Max System Size: 29 kW DC

Max Offset: 100%

System Size Justification: Based on NOVEC's Schedule NEM-10, systems can not be built to exceed 100% offset up to a max system size of 20 kW AC. We arrive at a maximum allowable kW DC value based off of our AC-DC conversion factor.  

Monthly Net Metering Credit: Excess NEM credits can be carried over from month to month on a per kWh basis 

Annual Credit True Up: Excess NEM credits can carry over to a subsequent year if not used. Any credits still not used after two years will be forfeited back to the utility without compensation.  

Available Solar Incentives

Federal ITC

Solar Property tax exemption

- Varies by local jurisdiction in VA

SREC option 

R.E.T.E