U.S. Virgin Islands Property Tax Incentive

March 05, 2024


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.

Program Overview

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/
Start Date:
Eligible Renewable/Other Technologies:
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.