AB 7586 (The FIT Act) establishes that renewable energy system 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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Virgin Islands |
| Incentive Type: | Property Tax Incentive |
| Web Site: | https://ltg.gov.vi/press-release/property-tax-credits-deadline-for-new-homeowners/ |
| Administrator: | |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Incentive Amount: | Not specified |
| Maximum Incentive: | Not specified |
| Eligible System Size: | Not specified |
| Equipment Requirements: | Not specified |
| Name: | Title 12: Ch. 23 V.I.C. § 1168 |
| Date Enacted: | 04/29/2014 |
| Effective Date: | 05/16/2014 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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