Why go solar in Vermont
It is no surprise that the Green Mountain state is a national leader in renewable energy. With a target of producing 20 percent of its energy from renewables by 2017, and 75 percent by 2032, Vermont is pursuing a greener future more aggressively than almost every state. By going solar you can help preserve the beautiful outdoors, have predictable energy bills, and invest in your home.
Solar incentives in Vermont
With Vermont’s Renewable Energy Systems Sales Tax Exemption, you won’t pay any sales tax on the purchase of your system, and the Uniform Capacity Tax and Exemption for Solar keeps you from having to pay increased property taxes. Vermont also offers net metering through the Public Utility Comission, which allows you to sell your excess energy back to the grid and get a credit on your energy bill. As of February 2, 2021, net metering is credited on a one-to-one exchange. This means you get credited for the exact amount each kWh sells for. Beginning September 1, 2021, the electricity you sell back will be one cent less than what it normally sells for. Green Mountain Power customers can also get up to $10,500 toward the purchase of a new home battery when they enroll in their Bring Your Own Device program. All programs are dependent on customer eligibility.
Vermont homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.