Local Option - Property Tax Exemption (Vermont)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Local Option - Property Tax Exemption|
|Incentive Type||Property Tax Incentive|
|Applicable Sector||Commercial, Industrial, Residential, Agricultural|
|Eligible Technologies||Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, CHP/Cogeneration, Anaerobic Digestion, Small Hydroelectric, Fuel Cells using Renewable Fuels|
|Energy Category||Renewable Energy Incentive Programs|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Vermont allows municipalities the option of offering an exemption from the municipal real and personal property taxes for certain renewable energy systems (Note: state property taxes would still apply). Eligible systems include, but are not limited to "windmills, facilities for the collection of solar energy or the conversion of organic matter to methane, net-metered systems ... and all component parts thereof including land upon which the facility is located, not to exceed one-half acre." Adoption of this exemption varies by municipality, but the exemption generally applies to the total value of the qualifying renewable energy system and can be applied to residential, commercial, and industrial real and personal property.
Note: Solar PV systems of 10 kW or less are already currently exempt from municipal property taxes under 32 V.S.A. § 8701 (see Uniform Capacity Tax and Exemption for Solar).
|Contact Name||Information VT DOT|
|Department||Vermont Department of Taxes|
|Division||Division of Property Valuation & Review|
|Address||133 State Street|
|Phone 2||(802) 828-2865|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||32 V.S.A. § 3845|
|Date Enacted||1975 (subsequently amended)|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.