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Vermont

Vermont

Incentives/Policies for Renewables & Efficiency

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Uniform Capacity Tax and Exemption for Solar   

Last DSIRE Review: 06/22/2012
Program Overview:
State: Vermont
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Industrial, Residential, Multi-Family Residential, Low-Income Residential, Agricultural
Amount:100% property tax exemption for systems 10 kilowatts or less
Uniform $4/kilowatt property tax payment
Start Date:01/01/2013
Authority 1:
Date Enacted:
Date Effective:
H.B. 436 (Act 45)
05/24/2011
05/24/2011
Authority 2:
Date Enacted:
Date Effective:
H.B. 679 (Act 127)
05/11/2012
01/01/2013
Summary:

During the 2012 legislative session, Vermont passed a 100% property tax exemption for solar photovoltaic (PV) systems up to and including 10 kilowatts (kW). For systems greater than 10 kW, the state assesses a uniform $4 per kilowatt (kW). This applies to the equipment, not to the land.

The 100% exemption for small PV systems expires January 1, 2023, although a study will be completed by January 15, 2021 recommending whether or not the exemption should be continued beyond the expiration date and whether or not the $4/kW uniform rate should be amended.

It should be noted that the tax exemption and uniform assessment applies to the state-level property taxes (the state education property tax); municipal property taxes may still apply. Consult with the local municipal assessor to verify.

For a discussion of Vermont's property tax system and the recommendations to the legislature prior to this law's enactment, see the January 17, 2012 report by the Vermont Division of Property Valuation and Review and the Vermont Commissioner of Public Service: "Valuation of Renewable Energy Property, Report on the (Sec. 12 of Act 45 of 2011)"


 
Contact:
  Information VT DOT
Vermont Department of Taxes
Division of Property Valuation & Review
133 State Street
Montpelier, VT 05633
Phone: (802) 828-5860
Phone 2: (802) 828-2865
Web Site: http://www.state.vt.us/tax/pvr.shtml
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.