Vermont fully exempts solar photovoltaic (PV) systems up to 50 kilowatts (kW) from the statewide education property and municipal taxes.
Vermont’s sales tax exemption for renewable energy systems, originally enacted as part of the Miscellaneous Tax Reduction Act of 1999 (H.B. 0548), initially applied only to net-metered systems. The exemption now generally applies to systems up to 500 kilowatts (kW) in capacity
All equipment purchased to construct and install a net metered renewable energy system is exempt from Vermont’s 6% sales tax. Your Municipality may offer additional tax credits or incentives.
The Commercial Energy Loan Program (CELP) provides low-interest loans to businesses for larger renewable energy and energy efficiency projects. (The current interest rate is 3%.)
The maximum loan amount is $2,000,000, and may fund up to 60% of the project.
Customers transferring RECs to the utility will receive an additional monthly bill credit for 10 years equal to $0.01/kWh multiplied by all kWh produced by the system during the billing period.
Federal Solar Tax Credits for 26% of the installation cost is applicable to all solar installations. Also, there is accelerated depreciation for commercial applications that can assist in moving to clean, renewable energy.
As per our standard operating procedure, we advise each customer talks with their tax professional.
Solar Liberty’s Vermont residential and commercial solar power systems include the option for a real-time monitoring platform that provides up-to-date system performance data, so you know exactly how much energy and savings your system produces. Our home solar energy monitoring systems reports.
Solar Liberty services the State of Vermont with crews operating out of Burlington, Colchester, Essex and Rutland.