Discover How Vermont’s State Solar Incentives Can Help You Go Solar Today!
Vermont takes solar seriously. Thanks to its Comprehensive Energy Plan1 and an ambitious goal to rely on 90% renewable energy by 2050, the state is paving the way towards a more sustainable future.
So what does that mean for you? Solar incentives like tax exemptions, along with the Federal Solar Tax Credit, and other state programs all help make a home solar system a worthwhile investment. Keep reading to learn more about the solar incentives available to you when you go solar in Vermont.
Home Solar Property Tax Exemptions
With a home of your own, you know that property tax exemptions can be a pretty big deal. So you’ll be pleased to hear that Vermont also employs a property tax exemption for home solar panels.3 And when owning a solar system can increase the value of your home by $15,000 on average, you can bet that it’ll amount to even more savings.4 The added value to your home from your solar system won’t be taxed, while getting you more bang for your buck if you decide to move.
Solar Sales Tax Exemptions
The price of solar systems has gone down by over 50% in the past 5 years5—but we’ll never turn down a way to keep saving. That’s why the Renewable Energy Systems Sales Tax Exemption6 is a welcome addition to the other incentives available, saving you at least 5% when you buy Vermont solar panels.7
Vermont is also a solar friendly, green state and we want to play up the environmental benefits of going solar where possible.
Federal Solar Tax Credit (ITC)
On top of Vermont’s state solar incentives, solar system owners are also eligible for the Federal Investment Tax Credit,8 or ITC, if you buy your own solar system outright.* The tax credit amounts to 30% of the cost of purchasing your solar system.
However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%, and by 2022 the residential credit will drop to zero.9 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. And by partnering with the top solar companies near you, you’ll also get a custom solar installation in Vermont to meet the unique needs of your home and lifestyle.
Whichever one you choose, we’ll help you take advantage of the Vermont solar energy incentives that might be available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.
Choose And Control Your Home Energy