Uniform Capacity Tax and Exemption for Solar (Vermont)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| 100% property tax exemption for systems 10 kilowatts or less|
Uniform 4/kilowatt property tax payment
|Program Administrator||Department of Taxes|
|Date added to DSIRE||2012-06-18|
|Last DSIRE Review||2014-10-27|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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)"
|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:||H.B. 436 (Act 45)|
|Authority 2:||H.B. 679 (Act 127)|
|Authority 3:||VT Dept. of Taxes Technical Bulletin 67|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.