U.S. Virgin Islands Property Tax Incentive

VI Property Tax Incentive commercial industrial nonprofit residential schools state government institutional

Quick Summary

Under the FIT Act, renewable energy systems installed on your U.S. Virgin Islands property are classified as personal property rather than real property for tax assessment purposes, potentially reducing your property tax burden. To apply, contact the Tax Assessor's offices on St. Thomas, St. John, or St. Croix, or call (340) 774-2991 or (340) 773-6449 for details on eligibility and the application process.

AI-generated summary • Updated 7/12/2026

Program Details

Program ID: 5498
Last Updated: 1/2/2026

Eligibility

Eligible Sectors

commercial industrial nonprofit residential schools state government institutional

Eligible Technologies

solar - passive geothermal electric solar photovoltaics wind (all) biomass hydroelectric municipal solid waste landfill gas tidal wave ocean thermal wind (small) hydroelectric (small)

Program 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.

Contact & Resources

Additional Resources

https://ltg.gov.vi/press-release/property-tax-credits-deadline-for-new-homeowners/

Please verify current program details with the administering agency before making any financial decisions.