Rebates

Residential

Residential Renewable Energy Tax Credit

Note: Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date and modified the phase down of this tax credit. It also made stand-alone energy storage systems eligible for the credit, and biomass heaters ineligible for the credit. Biomass heaters are now eligible for the residential energy efficiency tax credit. The summary below reflects the credit after the enactment of H.R. 5376.

A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures

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Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

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Mississippi Power - Battery Storage Incentive Program

Note: Incentive suspended pending further investigation by the Mississippi PSC according to an order filed in early April 2024 (See Docket No. 2023-UN-16).

Mississippi Power offers customers a one-time $2,000 cash incentive on a first-come, first-served basis when installing a UL 1741-certified battery storage system.

The utility also offers the Low-to-Moderate Income Residential Incentive Program, but customers are only allowed to choose one of the two incentives, and no incentive will be available beyond 2027.

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Entergy Mississippi - Residential Demand Response Battery Incentive Program

Note: Incentive suspended pending further investigation by the Mississippi PSC according to an order filed in early April 2024 (See Docket No. 2023-UN-16).

Entergy Mississippi offers customers a one-time $2,000 cash incentive on a first-come, first-served basis when installing a UL 1741-certified battery storage system.

The utility also offers the Low-to-Moderate Income Residential Incentive Program, but customers are only allowed to choose one of the two incentives, and no incentive will be available beyond 2027. 

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U.S. Virgin Islands - Equitable E-Mobility Rebate Program

The Virgin Islands Energy Office launched the Equitable E-Mobility Rebate Program in January 2024, granting those who purchase an eligible new and used EV from a local or off-island dealership a $5,000 rebate. Applicants may also receive a $500 rebate for eligible e-bikes purchased from qualified vendors. 

One EV rebate and one e-bike rebate are allowed per household, as well as two EV rebate applications per business entity (including non-profits).

EVs and e-bikes purchased starting October 1, 2023, are eligible and rebates are given on a first-come, first-served basis.

For more information visit the program website.

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Multi-family shared solar program

In April 2020, the Virginia General Assembly enacted Chapters 1187 (SB 710), 1188 (HB 572), 1188 (HB 1184), 1239 (HB 1647) of the 2020 Virginia Acts of Assembly. The chapters authorize a multi-family shared solar program in the service territories of Dominion Energy Virginia and Old Dominion Power.

System size is limited to 3 MW, up to 5 MW cumulative for systems on contiguous locations owned by the same entity.

Subscriptions are administered by a Subscriber Organization. For facilities with a nameplate capacity greater than 500 kW, the Subscriber Organization must be

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