Local Option - Property Tax Exemption (Vermont)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Vermont

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
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs





























Date added to DSIRE 2000-01-01
Last DSIRE Review 2014-10-27



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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).


Incentive Contact

Contact Name Information VT DOT
Department Vermont Department of Taxes
Division Division of Property Valuation & Review
Address 133 State Street

Place Montpelier, Vermont
Zip/Postal Code 05633
Phone (802) 828-5860
Phone 2 (802) 828-2865


Website http://www.state.vt.us/tax/pvr.shtml
     
     

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.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"