A system with voltage regulator bypass, comprising: a voltage regulator comprising at least one transformer (202, 204, 206); a source bushing and a load bushing; a tap changer comprising series winding, movable contacts and stationary contacts, the stationary contacts including a neutral position contact; a bypass switch coupled to the voltage regulator, and between a source and a load at a contact, the bypass switch comprising a source disconnect contact, a load disconnect contact, and an actuator, the bypass switch further comprising a first state and a second state, wherein the actuator only permits the bypass switch to be in one of the first state and the second state wherein in the first state, the bypass switch electrically couples the source to the voltage regulator through the source disconnect contact and the voltage regulator to the load through the load disconnect contact, establishing a conductive path between the source and load via the voltage regulator; and wherein in the second state, the bypass switch electrically decouples the voltage regulator from the source at the source disconnect contact, electrically decouples the voltage regulator from the load at the load disconnect contact, and electrically couples the source directly to the load through the bypass contact, bypassing the voltage regulator; a bypass switch controller coupled to the bypass switch, wherein the bypass switch controller controls whether the bypass switch is put into the first state or the second state; and a logic controller coupled to the bypass switch controller, wherein the logic controller prevents the bypass switch controller from actuating an actuator for moving the bypass switch from the first state into the second state unless one or more bypass conditions are met, wherein the one or more bypass conditions include that the logic controller has received a signal from a neutral position switch indicating a movable contact of the tap changer is in a neutral tap position which effectively bypasses the series winding so that no portion of the series winding is connected between the source and load bushings (230, 232). a voltage regulator comprising at least one transformer (202, 204, 206); a source bushing and a load bushing; a tap changer comprising series winding, movable contacts and stationary contacts, the stationary contacts including a neutral position contact; a bypass switch coupled to the voltage regulator, and between a source and a load at a contact, the bypass switch comprising a source disconnect contact, a load disconnect contact, and an actuator, the bypass switch further comprising a first state and a second state, wherein the actuator only permits the bypass switch to be in one of the first state and the second state wherein in the first state, the bypass switch electrically couples the source to the voltage regulator through the source disconnect contact and the voltage regulator to the load through the load disconnect contact, establishing a conductive path between the source and load via the voltage regulator; and wherein in the second state, the bypass switch electrically decouples the voltage regulator from the source at the source disconnect contact, electrically decouples the voltage regulator from the load at the load disconnect contact, and electrically couples the source directly to the load through the bypass contact, bypassing the voltage regulator; wherein in the first state, the bypass switch electrically couples the source to the voltage regulator through the source disconnect contact and the voltage regulator to the load through the load disconnect contact, establishing a conductive path between the source and load via the voltage regulator; and wherein in the second state, the bypass switch electrically decouples the voltage regulator from the source at the source disconnect contact, electrically decouples the voltage regulator from the load at the load disconnect contact, and electrically couples the source directly to the load through the bypass contact, bypassing the voltage regulator; a bypass switch controller coupled to the bypass switch, wherein the bypass switch controller controls whether the bypass switch is put into the first state or the second state; and a logic controller coupled to the bypass switch controller, wherein the logic controller prevents the bypass switch controller from actuating an actuator for moving the bypass switch from the first state into the second state unless one or more bypass conditions are met, wherein the one or more bypass conditions include that the logic controller has received a signal from a neutral position switch indicating a movable contact of the tap changer is in a neutral tap position which effectively bypasses the series winding so that no portion of the series winding is connected between the source and load bushings (230, 232).