Solar Manufacturing Incentive Grant (SMIG) Program (Virginia)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Solar Manufacturing Incentive Grant (SMIG) Program|
|Incentive Type||Industry Recruitment/Support|
|Applicable Sector||Commercial, Industrial|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive||4.5 million per year|
|Program Administrator||Virginia Department of Mines, Minerals, and Energy|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Created in 1995 and administered jointly by the Virginia Department of Mines, Minerals and Energy, and the Virginia Economic Development Partnership, the Solar Manufacturing Incentive Grant (SMIG) Program offers up to $4.5 million per year to encourage the production of photovoltaic panels in Virginia. The incentive is paid at a rate of up to $0.75 per watt for panels sold in a calendar year, with a maximum of 6 MW.
New manufacturers that meet certain production and other criteria are eligible to receive annual incentive grants for six years. The amount will be awarded as follows:
- Years 1 and 2 - $0.75/watt
- Years 3 and 4 - $0.50/watt
- Years 5 and 6 - $0.25/watt
In April 2011, H.B. 2316 (S.B. 1360) repealed the SMIG Program and replaced it with the Clean Energy Manufacturing Incentive Grant Program. The SMIG Program will be repealed on July 1, 2013. SMIG grants based on sales made in 2011 cannot exceed $1 million. Any claims above $1 million will be prorated among applicants, as described in the statutes.
|Contact Name||Ken Jurman|
|Department||Virginia Department of Mines, Minerals, and Energy|
|Division||Virginia Division of Energy|
|Address 2||1100 Bank Street, 8th floor|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Va. Code § 45.1-392|
|Authority 2:||H.B. 2316|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.