Vermont Solar Incentives Update:
Considering Solar? Now is the Time to Act!
The Solar Adder, for net-metered PV, will decrease from $0.02 to $0.01 effective July 1 2019. If you are considering solar contact Building Energy now so we can submit your Certificate of Public Good (CPG) before the deadline in order to lock in the higher incentive. This is a ten year adder for all the solar production, so the savings could amount to $1000 or more, depending on system size.
In addition to the incentives listed below, all renewable energy systems are exempt from Vermont sales tax.
Federal Solar Incentives Update:
30% Federal Tax Credit will be expiring on 12/31/19
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.