Clusterwise inference is a popular approach in neuroimaging to increase sensitivity, but {most existing methods are} currently restricted to the General Linear Model (GLM) for testing mean parameters. Statistical methods for variance components testing, which are critical in neuroimaging studies that involve estimation of narrow-sense heritability or test-retest reliability, are seriously underdeveloped due to methodological and computational challenges, which would potentially lead to low power. We propose a fast and powerful test for variance components called CLEAN-V ('CLEAN' for testing 'V'ariance components). CLEAN-V models the global spatial dependence structure of imaging data and computes a locally powerful variance component test statistic by data-adaptively pooling neighborhood information. Correction for multiple comparisons is achieved by permutations to control family-wise error rate (FWER). Through analysis of task-fMRI data from the Human Connectome Project across five tasks {and comprehensive data-driven simulations}, we show that CLEAN-V outperforms existing methods in detecting test-retest reliability and narrow-sense heritability with significantly improved power, with the detected areas aligning with activation maps. The computational efficiency of CLEAN-V also speaks of its practical utility, and it is available as an R package.