Uniform Capacity Tax and Exemption for Solar (Vermont)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Vermont


Name Uniform Capacity Tax and Exemption for Solar
Incentive Type Property Tax Incentive
Applicable Sector Commercial, Industrial, Residential, Multi-Family Residential, Low-Income Residential, Agricultural
Eligible Technologies Photovoltaics
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 100% property tax exemption for systems 10 kilowatts or less

Uniform 4/kilowatt property tax payment




Start Date 2013-01-01










Program Administrator Department of Taxes


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


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 education property tax, as well as the municipal property tax.


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)"

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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: H.B. 436 (Act 45)
Date Effective 2011-05-24
Date Enacted 2011-05-24


Authority 2: H.B. 679 (Act 127)
Date Effective 2013-01-01
Date Enacted 2012-05-11


Authority 3: VT Dept. of Taxes Technical Bulletin 67
Date Enacted 2013-06-24
















  • 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" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content