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Last Updated March 5, 2024

Program Overview

Category:

Financial Incentive

State:

Virgin Islands

Incentive Type:

Property Tax Incentive

Administrator:

N/A

Start Date:

N/A

Expiration Date:

N/A

Web Site:

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

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.