VermontPersonal Tax Credit
Investment Tax Credit
You get7.2% for systems placed in service by 12/31/2032 6.24% for systems placed in service by 12/31/2033 5.28% for systems placed in service by 12/31/2034
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Quick facts
- Incentive type
- Personal Tax Credit
- Amount
- 7.2% for systems placed in service by 12/31/2032 6.24% for systems placed in service by 12/31/2033 5.28% for systems placed in service by 12/31/2034
- Administrator
- Vermont Department of Taxes
- Applies to
- State, Commercial, Industrial, Agricultural
- Technologies
- Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Geothermal Heat Pumps, Combined Heat & Power, Wind (Small), Fuel Cells using Renewable Fuels, Microturbines, Lithium-ion
Dates
- Start date
- 2009-01-01
- Source last updated
- April 14, 2026
About this incentive
Vermont offers an investment tax credit for installations of renewable energy equipment on business properties, in order to encourage investment in rehabilitation and qualifying renewable energy projects. Vermont created this credit starting for Tax Year 2002 and provided an additional incentive for solar investments for Tax Year 2008 (via S.B. 209 ). The project must be eligible for and receive the federal tax credit to receive the state credit. The credit is equal to 24% of the "Vermont-property portion" of the federal business energy tax credit for project leaders . For qualifying renewable energy projects the credit is calculated to be a 7.2% state-level credit for systems placed in service on or before 12/31/2032. This credit will step down (according to the federal tax credit's step-down schedule) to 6.24% for systems placed in service by 12/31/2033, then down to 5.28% for systems placed in service by 12/31/2034.
Data updated . Always confirm details on the official program website before applying. Programs change frequently.