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Solar energy equipment; establishes a nonrefundable income tax credit.

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

VA HB 1422 · House Bill · 2026

Stage
Session ended
Started in
House
Sponsor
Garrett McGuire
Latest action
Feb 18

What it does

Tax credit; solar energy equipment. Establishes a nonrefundable income tax credit for taxable years 2026 through 2030 for individuals who incur allowable expenses, as defined in the bill, for the purchase and installation of solar energy equipment, also defined in the bill. An individual who properly claims this credit shall be allowed a credit in the amount of 15 percent of the cost of such equipment and allowable expenses, up to $1,000. The aggregate amount of credits allowable under the provisions of the bill shall not exceed $5 million per taxable year.

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Where it stands

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

  1. Introduced (Current step)

    Introduced · Feb 18

  2. Committee (Needs attention)

    The session ended first

  3. Floor (Not started)

  4. Law (Not started)

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Work with this bill

Solar energy equipment; establishes a nonrefundable income tax credit. | 52