In addition to the incentives listed below, all renewable energy systems are exempt from Vermont sales tax.
Residential solar hot water and solar electric PV systems qualify for a personal tax credit of 30% of the system cost. An individual can take both a 30% credit for a PV system and a 30% credit for a solar water heating system.
Commercial solar hot water and solar electric PV systems qualify for an investment tax credit 30% of the system cost.
Solar hot water and PV systems are classified as “5-year property” under the Modified Accelerated Cost-Recovery System (MACRS). Businesses can recover investments in solar systems through accelerated depreciation deductions.More details are available at www.dsireusa.org
Contact us today to for more information about incentives in your area.