VA HB1133

Establishes the Virginia Solar Energy and Battery Energy Storage Systems Program within the Department of Energy to coordinate development and approve projects for state tax credits.

Creates a refundable tax credit of 35% of eligible project costs for qualified solar and battery storage projects: up to $6,000 for residential, $2.5 million for commercial/industrial, and $5 million for utility-scale projects.

Caps total annual tax credits at $50 million per budget cycle, with $12.5 million reserved for residential projects and $37.5 million for commercial/industrial and utility-scale projects, allocated on a first-come, first-served basis.

Requires projects to meet federal Inflation Reduction Act qualifications as of June 30, 2025, begin construction on or after July 1, 2026, and be completed within five years.

Mandates the Department of Energy maintain a public dashboard tracking regional uptake, demographic distribution, and progress toward allocation targets, with quarterly transparency reports.