Yes, there are states that offer both property tax exemptions and sales tax exemptions for solar panels. As of the latest information, states like New York, Vermont, and Massachusetts provide both types of exemptions. Here is a breakdown of each:
- New York: Offers both a property tax exemption and a sales tax exemption. Additionally, New York City provides a property tax abatement program for solar installations.
- Vermont: This state provides a 100% exemption for both property and sales taxes on solar energy systems.
- Massachusetts: Also offers both property and sales tax exemptions for solar energy systems.
These exemptions help reduce the upfront costs of purchasing solar panels and avoid increased property taxes due to the added value solar systems bring to properties. However, the specifics and availability of these exemptions can change, so it’s important to verify current policies and incentives in each state.
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