Combined Heat and Power Partnership
Local Option - Property Tax Exemption
| Date Last Updated | 12/24/2012 |
| Incentive Type | Tax |
| State/Federal | VT |
| Incentive Administrator/Contact Office | Renewable Energy Vermont |
| Incentive Initiation Date | 1/1/1975 |
| Incentive Size and Funding Source | Vermont allows municipalities the option of offering an exemption from the municipal real and personal property taxes for certain renewable energy systems (Note: state property taxes would still apply). The tax exemption applies to all component parts of a system including land upon which the facility is located, not to exceed one-half acre. Adoption of this exemption varies by municipality, but the exemption generally applies to the total value of the qualifying renewable energy system. |
| Eligible Recipient | Vermont taxpayers can apply the exemption to residential, commercial, and industrial real and personal property. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Eligible systems include, but are not limited to, "windmills, facilities for the collection of solar energy or the conversion of organic matter to methane, net-metered systems ... and all component parts thereof including land upon which the facility is located, not to exceed one-half acre." |
| Resource Website(s) |
