| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Federal |
| Incentive Type: | Property Tax Incentive |
| Web Site: | https://ltg.gov.vi/press-release/property-tax-credits-deadline-for-new-homeowners/ |
| Incentive Amount: | Not specified |
| Maximum Incentive: | Not specified |
| Eligible System Size: | Not specified |
| Equipment Requirements: | Not specified |
| Name: | 12 V.I.C. § 1168 |
AB 7586 establishes that renewable energy systems must be counted as personal/chattel property instead of real property for tax purposes. Renewable energy systems do, however, count as real property for insurance purposes.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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