June 16, 2012
The State Corporation Commission is seeking public comment on Dominion Virginia Power's solar-power incentive program.
The Richmond energy provider is proposing an incentive to encourage customers to install solar panels and sell the electricity to company.
Dominion is seeking approval to buy solar-generated power from residential and small commercial customers at 15 cents per kilowatt-hour for a five-year demonstration period.
The demonstration project would be limited to a total of 3 megawatts, or 3,000 kilowatts. The typical residential solar installation in the company's Virginia service area is 4 kilowatt hours.
The proposed rate is designed to pay a premium to customers who generate electricity with solar power to defray installation costs.
Comments or a request for a public hearing on the proposal must be submitted by September 14.