Views of Vermont
Home Welcome Contact Information
Business
E-Services
Forms
Individual
Links
Practitioner
Property
Publications
Statistics
Taxpayer Advocate
IRS
Get Adobe Acrobat  
 

PVR Solar Valuation

Solar photovoltaic plants in Vermont are potentially subject to a tax on plant capacity and municipal property tax. Depending on several factors, a plant can be subject to both taxes, one of the taxes, or be exempt from both taxes. 

Vermont imposes a Uniform Capacity Tax on operating solar plants with a plant capacity of 50 kW or more. The tax is imposed at a rate of $4.00 per kW of plant capacity. Plant capacity is determined by the rated nameplate capacity stated on the plant’s Certificate of Public Good (CPG) unless a taxpayer can demonstrate that another method is more accurate.

Solar plants subject to the Uniform Capacity Tax are exempt from the education property tax. Beginning Jan. 1, 2015, solar plants with a plant capacity of less than 50 kW and are (1) on a net-metered system, or (2) off grid and only provide power to one property, are exempt from both municipal and education property taxes. Municipalities may also vote to exempt some solar plants from municipal property tax.

Solar plants that are not exempt from municipal property tax must be valued. Vermont law requires a solar plant to be valued using the discounted cash flow method as described in 32 V.S.A. § 3481(1)(D) and designated by the Department’s Division of Property Valuation and Review.

Below you will find instructions for the valuation model designated by PVR and required by law, as well as a downloadable version of an inventory form for use by municipalities.

 




More Information:
- Annual Reports
- Appeal Handbook
- Appraisal Firms -Lister info
- Current Use
- e-PTTR
- Education Tax Rates
- Equalization Study Intro
- Homestead Declaration FAQ Fact Sheet
- Land Gains Allocations
- Lister Information
- VT Mapping Program
- Military Exemption
- Property Tax Adjustments
- Property Transfer Data
- Property Transfer Tax
- Reappraisal Contract Guidelines-2009
- 2013 Reappraisal Activity
- School District Codes
- Solar Valuation
- Treasurer/Collector Info

 
Vermont Department of Taxes, 133 State Street, Montpelier, Vermont 05633-1401