February 17 Educational Webinar for County Officials on New Online Tool to Compare Revenue Options for Solar Projects

February 5, 2021

The Virginia Department of Mines, Minerals and Energy (DMME) in partnership with the Energy Transition Initiative (ETI) has developed a new online tool for local governments to compare the choice between applying the current Machinery and Tools (M&T) tax on utility-scale solar energy equipment versus the recently adopted option to apply an energy tax (aka Revenue Share) on the rated generating capacity of the installation. Specifically, a locality may choose to replace the M&T tax with a $1,400 per Megawatt (MW) energy tax.

The Virginia SolTax Model is a web-based, computational tool that enables a locality to run customized, hypothetical scenarios to better understand the financial implications of adopting one solar tax model over another.

ETI and DMME will be hosting an educational webinar on the Virginia SolTax Model for local government staff and officials on Wednesday, February 17, 2021 from 8:30-10:00am EST. The event is free, but registration is required. To register, click HERE and then follow the link to register. For more information, please contact Elizabeth Marshall at emm2t@virginia.edu.

VACo Contact: Joe Lerch, AICP

- Related Blog Posts -

Allocation of Federal Transit Assistance funding under CARES Act approved by Commonwealth Transportation Board

May 6, 2020

View Blog Post

Department of the Treasury Releases Guidance on Use of Coronavirus Relief Fund

May 6, 2020

View Blog Post

VRS Achieves 4.7 Percent Return for Fiscal Year 2015

October 2, 2015

View Blog Post