USVI Residents: Solar + Battery Storage Incentives You Need to Know in 2024
Imagine a future where every home and business in the USVI has access to clean, dependable energy, even when the grid goes down.
Solar power and battery storage aren’t just about saving on your electric bill—they’re about building resilience, securing a stable energy future, and strengthening our entire community. Thanks to a variety of incentives and rebates, making the switch is more affordable than ever. Programs like the Federal ITC, VI Battery Energy Storage Rebate, and USDA REAP Grant put clean energy within reach for more Virgin Islanders every day. You can explore the full list of incentives available in the USVI here.
At VI Solar Technologies, we believe everyone should have access to clean, reliable energy, and thanks to a variety of incentives and rebates, this vision is within reach. Let’s explore how going solar can improve the quality of life in the USVI and how these incentives make this transition more affordable for everyone.
1. The Federal ITC (Investment Tax Credit) – Helping More People Access Solar Power
For many, the idea of switching to solar can feel out of reach financially. That’s where the Federal Investment Tax Credit (ITC) comes in to level the playing field. Currently, this credit covers 30% of the cost of your solar system, including installation. That’s a massive chunk of the cost knocked right off your bill, making solar more affordable for families across the USVI.
By reducing upfront costs, the ITC opens the door to clean energy for more people, helping us transition away from reliance on fossil fuels and towards a greener, more resilient future. Even better? If your tax liability doesn’t cover the full credit in the first year, you can carry it forward and use it in the next tax year. It’s financial flexibility that brings solar within reach.
This incentive is a powerful tool that can turn your dream of going solar into a reality. But don’t wait too long—the ITC will eventually step down. Now’s the time to lock in those savings and start harnessing the sun’s power.
Want to know more? Learn more at Energy.gov
2. VI Energy Office Battery Energy Storage Rebate Program – Making Resilience More Affordable
VI Solar Technologies, Tucker Strickland
When the grid goes down, those with battery storage systems will be the ones who stay comfortable and connected. The VI Battery Energy Storage Rebate Program helps make battery systems more affordable by offering up to a $4,000 rebate to households that install battery storage systems alongside their solar panels.
How do you qualify?
In order to be eligible for VIBES, you must be a full time resident of the territory with an active WAPA bill in your name, and be the owner of a condominium, or a single or multi family home. If you own a small business or non-profit, you may also apply. You must also have purchased a new and approved grid interactive battery energy storage system that provides automatic whole or partial home battery back up by means of either an automatic transfer switch or smart critical load panel from a local vendor. Finally, the system has to have been permitted by the Department of Planning and Natural Resources.
For more information on VIBES visit Energy.vi.gov
3. USDA REAP Grant – Helping Businesses Go Green in a BIG Way
Small businesses are the heart of the US Virgin Islands. For commercial property owners, going solar isn’t just an energy decision—it’s a way to reduce costs, improve resilience, and make your business more sustainable.
The Rural Energy for America Program (REAP) is designed to help rural small businesses and agricultural producers install solar systems and make energy-efficient upgrades. The program offers up to 50% of the cost of solar installations, which can significantly reduce the financial burden on small business owners.
By taking advantage of this grant, you’re not just saving money—you’re positioning your business to be more sustainable, less dependent on the grid, and a leader in renewable energy for the community. It’s an investment in your business’s future and the future of the USVI.
Learn more and see if you qualify:
Other Potential Solar Rebates in the USVI
While the three incentives above are the main stars of the show, there may be other local programs or rebates periodically available. Keeping an eye on what incentives are available can give you an advantage in accessing these funds. Plus, if you’re working with a solar installation expert like VI Solar Technologies, we’ll keep you in the loop on any new rebates that pop up.
Clean, Reliable Energy for All: VI Solar’s Mission
At VI Solar Technologies, we believe that clean, reliable energy should be a right, not a privilege. The sun shines for everyone, and it’s time more people were able to harness its power. Whether you’re a homeowner or business owner, these incentives make it easier than ever to transition to solar and battery storage.
Our team is committed to helping you navigate these opportunities and taking the stress out of the process. Every step of the way, we’re here to ensure you get every dollar of savings possible.
Why Solar is the Key to a Sustainable USVI
Our islands are a paradise, but they’re also on the frontlines of climate change and energy vulnerability. Every step we take towards renewable energy helps protect our beautiful environment while securing energy independence for future generations.
With the right incentives, going solar is no longer just an eco-friendly dream—it’s an achievable reality. Programs like the Federal ITC, the VI Energy Office Battery Rebate, and the USDA REAP Grant are giving residents and businesses the opportunity to transition to a cleaner, greener future without breaking the bank.
By making the switch to solar and battery storage, you’re not just reducing your carbon footprint or cutting your utility bills—you’re helping to build a resilient, sustainable community where everyone has access to affordable, reliable energy.