Try our solar cost and savings calculator
Solar vs. grid power: how much can you save?
Electricity rates are on the rise. The U.S Energy Information Administration (EIA) estimates that electricity prices in the U.S. rose 6.2% in 2023 alone.
Homeowners across the country are looking for ways to reduce their energy costs and many are turning to solar energy. But just how much can you save with solar and is it worth the investment?
Solar customers can often save tens of thousands of dollars over the lifespan of their solar system. To determine exactly how much you can save, you’ll have to do a little math.
Compare your current cost per kW from Green Mountain Power Corp with the cost per kW of your solar system. Then calculate your monthly or yearly expenses across a 25-year period. Finally, subtract your total cost of energy with solar from your total of energy from the grid to determine your savings
A simpler way to estimate your savings potential is to compare your current monthly energy costs with your projected solar payments. If your energy costs are higher than your solar payments, there is a good chance you will see savings.
At Solar Cost Calculator, we suggest that anybody paying more than $100 a month for electricity should consider solar.
What solar incentives Green Mountain Power Corp does offer?
Category : Financial Incentive
Website : https://www.efficiencyvermont.com/services/renovation-construction/residential-new-construction
Applicable Sectors : Construction, Residential, Low Income Residential
Incentive Amount : Efficiency Vermont Home Certification: 50% of the cost of the rating up to $750 Drain Water Heat-Recovery System Bonus (Vermont Gas Systems customers): 50% of equipment cost up to $400 Balanced Ventilation: $350 - $700
Implementing Sector : State
Category : Financial Incentive
Website : https://www.efficiencyvermont.com/rebates/list?cat=&hvacfilter=&type=res
Applicable Sectors : Residential, Multifamily Residential, Low Income Residential
Incentive Amount : Air-to-Water Heat Pumps: $6,000, plus $500 income-eligible bonus Ducted Heat Pumps: $1,000 to $2,000, plus $200-$2,200 income-eligible bonus Ductless Heat Pumps: $350 to $450, plus $200-$2,200 income-eligible bonus Integrated Controls for Ductless Heat Pumps: Up to $600 Ground Source Heat Pumps: $1,000 to $2,100/ton, plus $500 income-eligible bonus Central Wood Pellet Furnaces & Boilers: Up to $6,000 Wood and Pellot Stoves: $400 Clothes Dryers: $200 or $400 Washer & Dryer Combo Unit: $400 Dehumidifiers: Up to $40 Heat Pump Water Heaters: $300 to $800, plus $200 income-eligible bonus High-Performance Circulator Pump: Up to $600 Lighting: Reduced prices at participating retailers Smart Thermostats: Up to $100 Home Performance with Energy Star: Up to $2,000, up to $5,000 for income-eligible residents LEDs for Indoor Growing: Up to $100/fixture LED Four-Pin Base Replacement Lamps for CFLs: $3 cash back DIY Weatherization (weather-stripping, insulation, air sealing, etc.): $100 Window Air Conditioners: $100 Virtual Home Energy Visit: Free
Implementing Sector : State
Category : Financial Incentive
Website : https://www.efficiencyvermont.com/rebates/list/home-performance-with-energy-star
Applicable Sectors : Residential, Multifamily Residential, Low Income Residential
Incentive Amount : Base amount: 75% of project costs back, up to $4,000 Low-Income amount: 75% of project costs back, up to $9,500
Implementing Sector : State
Category : Financial Incentive
Website : https://greenmountainpower.com/rebates-programs/home-and-yard/
Applicable Sectors : Residential, Low Income Residential
Incentive Amount : Induction Cooktop: $200 Electric Lawn Tractors: $100 Electric Push Mowers: $50 Heat Pumps: $2,000/unit (for low-income customers)
Implementing Sector : Utility
Category : Financial Incentive
Website : https://greenmountainpower.com/rebates-programs/home-energy-storage/bring-your-own-device/
Applicable Sectors : Commercial, Residential
Incentive Amount : 3 hr. discharge: $850/kW 4 hr. discharge: $950/kW
Implementing Sector : Utility
Category : Financial Incentive
Website : https://greenmountainpower.com/help/cow-power/
Applicable Sectors : Agricultural
Incentive Amount : $0.04 per kWh
Implementing Sector : Utility
Installing and connecting your solar system
When you install a solar system in Green Mountain Power Corp territory, these are steps you can expect to go through:
Once you’ve hired a contractor, you will need to communicate with Green Mountain Power Corp to prepare the interconnection paper. Your contractor will handle most of these responsibilities
After the interconnection agreement has been finalized, your contractor can begin the installation process.
Once your system is installed, it needs to be inspected for safety and code compliance.
After the final inspection, you will receive a written notice within a few days that your system is approved to operate. You can turn on the system yourself or you can contact your installer for further assistance.
Most homeowners prefer to do it themselves. The whole process should only take 10 - 15 minutes.
Is solar worth it for Green Mountain Power Corp customers?
The short and sweet answer is a resounding YES. Going solar is definitely worth it for Green Mountain Power Corp customers. The average homeowner in _UtilityCompanyName_ can save an estimated #### over the lifespan of their solar system.
Going solar is a long game so you need to think several years ahead. It can take a few years to hit your break even period. But between net metering and solar incentives, you can drastically reduce that timeframe.
Want to get an idea for what it will cost you to go solar with Green Mountain Power Corp? You can use our Solar Cost Calculator to generate a customized estimate instantly. We take into consideration a wide range of criteria including location, electric bill, roof size, and other factors. Try it out today and start planning for your future.
