Income tax, state and corporate; tax credit for solar thermal systems. (HB1916)

Introduced By

Sen. Scott Surovell (D-Mount Vernon) with support from co-patron Del. Rob Krupicka (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Solar thermal system tax credit. Establishes beginning in 2013 an individual and corporate income tax credit for solar energy space heating, water heating, space cooling, and industrial and commercial process heating systems placed in service. The credit would equal 35 percent of the installed cost of the system and only the ultimate consumer or user of the system would be allowed to claim the credit. The credit would not exceed (i) $500,000 for solar energy systems placed in service for any purpose other than use for a single-family dwelling or placed in service and having in excess of 120 square feet of collector area or (ii) $2,500 for every other solar energy system placed in service.

The credit would be required to be claimed in three equal annual installments for solar energy systems serving other than a single-family dwelling. The credit would expire and no further credit could be claimed if the solar energy system is disposed of, taken out of service, or moved out of the Commonwealth during any of the installment years. Any unused credit could be carried forward for three taxable years. The credit would sunset in 2018. Read the Bill »


Bill Has Failed


01/08/2013Prefiled and ordered printed; offered 01/09/13 13102096D
01/08/2013Referred to Committee on Finance
01/14/2013Assigned Finance sub: #3
01/21/2013Impact statement from TAX (HB1916)
01/25/2013Subcommittee recommends laying on the table (4-Y 1-N)
02/05/2013Left in Finance