Solar Incentives in Vermont
Commercial properties in Vermont with an energy-generating system with a capacity of 50 kW or less are exempt from the Uniform Capacity Tax, Education Property Tax, and Municipal Property Tax. Properties with systems larger than 50 KW may be subject to some of these taxes.
Vermont commercial businesses and ag producers who install a solar system are 100% exempt from the state's 6% sales tax for the purchase of their solar equipment. The incentive automatically applies during the solar system purchase.
The Vermont Agricultural Credit Corporation (VACC) offers the the Agricultural Energy Loan Program (AELP) designed to provide loans to agricultural companies for renewable energy and energy efficiency projects. Project funding by VACC is negotiable, and the maximum loan amount is $5 million with variable rates and terms depending on the project.
What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in Vermont, as well as AG producers through this program. |
handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of Vermont and any agricultural producer can apply and may be eligible.
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Generating 19.1% of its power from solar energy, the Green Mountain State is a relatively solar friendly state and has several incentives to reduce the cost of installing a commercial solar system. However, no VT solar incentive is as significant as the USDA's REAP grant. The 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry, so take advantage of the REAP rant while it is still available. Fill out our interest form to get started!
The REAP Grant is available in:
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