2019 Solar Incentives in Vermont

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How to Save with Solar Incentives in Vermont in 2019

Our mission is to make solar affordable and accessible to all. That means making sure people know about all the discounts and incentives available, so that we can build a brighter future, together. 

Here’s what you need to know.

 

1

If you go solar before January 1, 2020, you can take advantage of a federal tax credit equal to 30% of what you paid for solar . Next year, that incentive decreases to 26%. 

2

You’ll get paid for the power you produce. Your utility will ‘net-meter’ the power you send back into the grid, paying you 2 cents for every kWh your solar panels produce. This adds up to thousands of dollars over the lifetime of your system.

Solar Incentives Vermont Residential Home
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How to Save with Solar Incentives in Vermont

1. The federal tax credit

The federal tax credit, also called the federal income tax credit, remains at 30% for all systems installed in 2019. When this big refund check shows up, in your mailbox or direct deposit, it’s happy-dance time. 

While this sizable credit has been a huge help for solar consumers, it is contingent upon a family’s tax liability. Basically, your tax refund is limited to what you pay in taxes over the course of a given year. The good news is, you may be able to use the credit over multiple years. We recommend speaking with your tax professional to see if you’ll be able to benefit from this tax credit.

The current phase-out schedule of the federal tax credit is:

For systems installed in Incentive amount
2019 30%
2020 26%
2021 22%
2022 0% – no more credit

2. The state net metering incentive

The state net metering incentive for home solar is based on a law requiring public utilities to fairly credit solar customers for the energy that they add to the grid. For the first 10 years of a new solar system’s life, all the power it generates is credited at a premium rate. An extra 2 cents – often called the solar adder.

Adding 2 cents per kWh above the retail rate seems small, but home solar systems generate thousands of those kWh each year. That adds up to thousands of dollars in extra credits over the ten years.

Beware: This incentive just dropped from an extra 3¢ per kWh down to 2¢ on July 1, 2019. Fast forward a year and it may drop down to 1¢ per kWh.

Schedule your home visit today to lock in the full Federal incentive before it declines!

Solar incentives are on the decline. Take advantage of them! The sooner you go solar, the more you save. Tax credits, rebates, and incentives can cover a really significant portion of the cost of going solar.

Can solar work for you?
Find Out
Where should we send your results?
We have our team of advisors looking at your address to figure out if solar will work for you. Please provide your information below so that we can contact you and give you the results of our solar check.
Submit
Thank you for your submission
Someone will be in touch shortly. If you would like to expedite the process of going solar, and get scheduled for a home visit, please click here to provide additional information about your home.

Ready to learn more about your solar options?

Give us a call at 802-882-8170 to connect with a solar advisor.

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