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Dominion Va. proposing solar-power incentive

Thursday - 5/17/2012, 3:31pm  ET

RICHMOND, Va. - Dominion Virginia Power is proposing an incentive to encourage customers to install solar panels and sell the electricity to company.

The proposal was outlined Thursday in a filing with the State Corporation Commission. Dominion is seeking regulators' 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.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)