THE GREEN MOUNTAIN STATE WILL BE EVEN GREENER WITH SOLAR
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.
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*Offset requires matching energy usage to the solar system’s output
**This information is current as of May 5, 2021 and figures are only approximations. We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
***Customers are encouraged to check with their local utility providers for the most up to date and accurate information regarding solar incentives and programs available.
****You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.