Corporate Tax Credits for Solar
Vermont offers a corporate income tax credit in an amount equal to 100% of the "Vermont-property portion" of the federal business energy tax credit for solar. In effect, this constitutes a 30% state-level corporate credit for systems and equipment that use solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. Hybrid solar lighting systems are those that use solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight. The credit is generally not available for public utility property, passive solar systems or pool heating equipment. Contact: Public Information – VT DOT, Vermont Department of Taxes, Corporate Income Tax, 133 State St., Montpelier, VT 05633; 802-828-5861; http://www.state.vt.us/tax
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