The solar incenvice in Vermont 2024

Who’s eligible : Commercial, Industrial, Nonprofit, Residential, Schools, Agricultural, Institutional

How to apply : Vermont's Clean Energy Development Fund (CEDF) was established in 2005 to promote the development and deployment of cost-effective and environmentally sustainable electric power and thermal resources -- primarily renewable energy and combined heat and power (CHP) technologies. Funding Sources From its establishment to 2012, the CEDF was supported via annual payments from Entergy (which owns the Vermont Yankee nuclear power plant). In return, under terms of two memoranda of understanding between Entergy and the Vermont Department of Public Service (DPS) that expired in March 2012, Entergy was permitted to store its own spent nuclear fuel at the Vermont Yankee site. Balances in the CEDF are carried forward and may not be used for general obligations of Vermont's government. In addition, the Vermont Recovery and Reinvestment Act mandated that all funding received from the State Energy Program (SEP) and the Energy Efficiency and Conservation Block Grant (EECBG) program from the Federal American Recovery and Reinvestment Act (ARRA) of 2009 be included in CEDF. Currently, the fund relies primarily on state appropriations. Fiscal Year 2014 was the first year in which the fund did not receive a payment from Entergy Vermont Yankee. However, for Fiscal Year 2015, the fund is being supported by an additional $5.3 million final payment from Entergy Vermont Yankee. As per H.B. 40, enacted in June 2015, alternative compliance payments for the state's recently established Renewable Energy Standard will be dedicated to the CEDF to fund "energy transformation projects." Energy transformation projects are defined as undertakings that produce energy-related goods and services and result in a net reduction in fossil fuel consumption and greenhouse gas (GHG) emissions, but do not generate electricity. Eligible Uses The CEDF is authorized to support renewable energy resources and CHP systems. Eligible renewable energy systems include solar photovoltaics; solar thermal; wind; geothermal; farm, landfill, and sewer methane recovery; low-emission, advanced biomass; and CHP systems using biomass fuels such as wood, agricultural or food wastes, energy crops, and organic refuse-derived waste (municipal solid waste is not eligible). CHP systems must have a design system efficiency of at least 65% and must meet Vermont's air quality standards in order to qualify. The CEDF is also authorized to support emerging energy-efficient technologies, natural gas vehicles and/or fueling infrastructure, and electric vehicles and associated charging stations. The CEDF may be used to support projects that sell power in commercial quantities (especially those projects that sell electricity to Vermont utilities), projects to benefit publicly owned or leased buildings, renewable energy projects on farms, small-scale renewable energy for homes and businesses, and "effective projects that are not likely to be established in the absence of funding." For Fiscal Year 2015, the overall strategic focus of the CEDF is on modern wood heating. Funding has been allocated toward Windham County programs (to address the local effects of the Vermont Yankee plant closure), the Small-Scale Renewable Energy Incentive Program, building the state's bulk pellet market, the Farm Energy Program, credit enhancement, and clean energy market knowledge building. Planning and Reporting The DPS released a Five Year Strategic Plan for the fund in January 2013. The DPS administers the fund, while the Clean Energy Development Board maintains decision-making and approval powers for plans, budgets, and overall program design and also serves in an advisory role for the fund's administration. An annual report to the legislature is published for the CEDF each year; the Fiscal Year reports are available here.

Who’s eligible : Investor-Owned Utility, Municipal Utilities, Cooperative Utilities, Retail Supplier

How to apply : Note: In June 2024, Vermont's state legislature enacted significant changes to its RES via H.B. 289, taking effect July 1, 2024. In June 2015, H.B. 40 was enacted, establishing a mandatory renewable portfolio standard - called the Renewable Energy Standard (RES) - for the first time in Vermont's history. The state previously had a renewable energy goal, as part of the Sustainably Priced Energy Enterprise Development (SPEED) program. Eligible Technologies Eligible renewable technologies are defined as those that use "a technology that relies on a resource that is being consumed at a harvest rate at or below its natural regeneration rate." The Public Utilities Commission determined that methane and flammable gases from food waste, agricultural waste, or other organic materials, or from decay of sewage or landfill wastes; geothermal; hydroelectric; marine thermal or hydrokinetic; photovoltaic solar; concentrated solar power; and wind are eligible resources. Other technologies utilizing solid waste, besides silvicultural waste, are explicitly ineligible. Requirements The Vermont RES requires all retail electricity suppliers in the state to obtain 63% of their annual retail electricity sales from eligible renewable sources by January 1, 2025. This requirement increases by at least 4% every three years until reaching 100% on either January 1, 2030 (for all other retail electricity suppliers) or January 1, 2035 (for retail electricity suppliers that serve a single customer taking service at 115 kV and each municipality formed under local charter). Carve-Outs Distributed Renewable Generation Retail electricity providers must obtain 5.8% of their annual load from distributed renewable generation by January 1, 2025. This requirement increases by at least 1 ½ of a percent each year on January 1, until reaching 20% on January 1, 2035, for retail electricity providers that serve a single customer taking service at 115 kV and each municipality formed under local charter. While for all other retail electricity suppliers it increases by 2% annually until reaching 20% on January 1, 2032. Distributed renewable generation is defined as an eligible renewable generator with a capacity of 5 megawatts or less that is (1) new renewable energy; a hydroelectric plant that, on or before 2024, was owned and operated by a municipality formed as of 2020 or other retail electricity providers, unless future plant modifications increase plant capacity by 5 MW; and (2) is directly connected to the sub-transmission or distribution system of a Vermont retail electricity provider or connected to the transmission system as part of an approved plan to defer a transmission system improvement, or is a new net-metered renewable generator whose renewable energy credits (RECs) are owned and retired by the interconnecting retail electricity supplier. Energy Transformation Projects While generation used to meet the distributed renewable generation requirement can also count toward meeting the overall standard, energy transformation projects used to meet this requirement do not count toward the overall standard. Retail electricity providers must support energy transformation projects equal to 7.33% of their annual load by January 1, 2025. This requirement increases by at least 2/3rds of a percent each year on January 1, until reaching 12% on January 1, 2032. For municipal utilities serving 7,000 or fewer customers, the requirement is 6% of annual load by January 1, 2025, increasing by 2/3rds of a percent each year until reaching 10% and 2/3rds of a percent on January 1, 2032. Energy transformation projects are defined as undertakings that produce energy-related goods and services and result in a net reduction in fossil fuel consumption and greenhouse gas (GHG) emissions but do not generate electricity. These reductions in fossil fuel consumption and GHG emissions must be attributable to the customers of the retail electricity provider supporting the project. Examples of energy transformation projects include home weatherization or other thermal energy efficiency measures, air source or geothermal heat pumps, high-efficiency heating systems, increased use of biofuels, biomass heating systems, support for transportation demand management strategies, support for electric vehicles or related infrastructure, and infrastructure for the storage of electricity generated by renewable sources. Retail electricity providers may also satisfy the energy transformation requirement with distributed renewable generation that is in addition to that used to comply with the distributed renewable generation category. New Renewable Energy Established in 2024, this category encourages the use of new renewable generation to support the reliability of ISO-New England. A provider must use new renewable energy with environmental attributes generated by any eligible plant that came into service after 2009 whose energy can be delivered in the New England region. Retail electricity providers with at least 75,000 customers are required to achieve specific percentages of their annual load with new renewable energy, including 4% on January 1, 2027, 10% on January 1, 2030, 15% on January 1, 2032, and 20% on January 1, 2035. Providers with less than 75,000 customers must achieve 5% on January 1, 2030, and 10% on January 1, 2035, of their annual load with new renewable energy. Distributed renewable generation resources and energy transformation projects are not allowed to count towards the new renewable energy requirements. However, if a retail provider with one customer served at 115 kV has not achieved the distributed renewable generation requirements as of January 1, 2024, and the cost of this additional generation would be equal to or greater than the alternative compliance payment rate for such generation, or that meeting the requirements with new renewable energy would economically infeasible, that provider is allowed to satisfy the requirements with an equal amount of increased new renewable energy. Load Growth For retail electricity providers that have achieved 100% renewable energy, such providers must meet their load growth above their 2024 calendar year load with 50% on January 1, 2025, 75% on January 1, 2026, 90% on January 1, 2027, and 100% on January 1, 2028, with new renewable energy or any distributed renewable generation. Until the annual load surpasses 135% of the providers’ 2022 annual load, after which the provider must meet its added load growth with at least 50% new renewable energy until 2035, and 75% on January 1, 2035. For providers with at least 75,000 customers, and for each municipal and electric cooperative (not including those that have achieved 100% renewable energy) that is a Vermont Public Power Supply Authority member or a future successor of the authority, the electricity provider must meet load growth above its 2035 calendar year load with 100% new renewable energy, which must include the required amounts of distributed renewable generation stipulated above. Compliance Compliance is demonstrated through the generation of electricity from eligible renewable sources with environmental attributes attached, the purchase of RECs from plants whose energy is capable of delivery within New England, or a combination of the two. H.B. 40 directs the Public Utilities Commission to develop a system to recognize, approve, and monitor the environmental attributes attached to renewable energy systems owned by retail electricity providers in the state and used to comply with the RES. This system will also recognize RECs traded on the New England Generation Information System (GIS). An alternative compliance payment can also be paid to comply with the standard rather than retiring RECs. Alternative compliance rates were set in 2018 to $0.01/kilowatt-hour (kWh) for the general requirement and $0.06/kWh for the distributed renewable generation and energy transformation requirements. The rates are annually adjusted for inflation, meaning that rates for 2024 are $0.01228/kilowatt-hour (kWh) for the general requirement and $0.07370/kWh for the distributed renewable generation and energy transformation requirements. For the new renewable energy and load growth requirements, the compliance payments are $0.04/kWh starting in 2025 and adjusted for inflation. Alternative compliance payments will go into the Clean Energy Development Fund and be put toward energy transformation projects within the paying provider's service territory.

Who’s eligible : Commercial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Agricultural, Institutional

How to apply : *Note: The Public Utility Commission updated net metering rates on May 30, 2024, effective on August 1, 2024. In June 2024, the state legislature also instituted changes pursuant to H.B. 289 to the net-metering rules, including for group net-metering and excess generation, with changes to be made effective July 1, 2024. Vermont's original net metering legislation was enacted in 1998, and the law has been expanded and modified several times. Any electric customer in Vermont may net meter after registering and obtaining a Certificate of Public Good from the Vermont Public Utility Commission (PUC). Hydroelectric, ground-mounted PV systems of up to 15 kW, roof-mounted PV systems, and mixed ground-/roof-mounted systems of up to 500 kW (where the ground-mounted portion has a capacity of up to 15 kW), follow shorter registration procedures laid out in PUC Rule 5.100. If the customer completes registration and complies with his/her electric utility interconnection requirements, 15 days after filing the registration form and receiving the certificate of compliance with the interconnection requirements, a Certificate of Public Good is automatically "deemed issued," and the customer may proceed with the installation. A lengthier application procedure for a Certificate of Public Good is given to the following types of systems: ground-mounted PV systems that have a capacity greater than 15 kW and up to 500 kW, and mixed ground- and roof-mounted systems that have a capacity of up to 500 kW where the ground-mounted portion has a capacity that is above 15 kW. This procedure also applies to net-metering systems that use other eligible technologies besides PV systems and does not apply to hydroelectric or roof-mounted PV systems with no ground-mounted system. Eligible Technologies “Renewable energy” is defined as “energy produced using a technology that relies on a resource that is being consumed at a harvest rate at or below its natural regeneration rate.” Biogas from sewage-treatment plants and landfills, and anaerobic digestion of agricultural products, byproducts, and wastes are explicitly included. (The term "renewable energy" explicitly excludes solid waste that is not agricultural – except for silvicultural solid waste – as well as nuclear fuel, coal, oil, propane, and natural gas.) Qualified micro-combined heat and power systems of 20 kW or less that meet the statutory definition of a CHP facility and use fuel sources that meet air quality standards are also eligible; as well as energy storage systems (more information below). System Capacity Limit Net metering is generally available to systems up to 500 kW in capacity that generate electricity using eligible renewable energy resources, including combined heat and power (CHP) systems that use biomass. CHP systems that use a non-renewable fuel are limited to 20 kW and must meet an efficiency standard. For schools and school district customers, the capacity limit is 1 MW (also applies to aggregate capacity). Aggregate Capacity Limit As of January 1, 2017, Vermont no longer has an aggregate cap on net metering. Previously, the cumulative capacity of net-metered systems was limited to 15% of a utility’s peak demand during 1996 or the peak demand during the most recent full calendar year, whichever was greater. Net Excess Generation Any customer net excess generation (NEG) is credited at the blended residential rate and carried over to the customer’s next bill. The blended residential rate is the lowest of the following: For electric companies whose general residential service tariff does not include inclining block rates, the per-kWh charge in the company's general residential service tariff; For electric companies whose general residential service tariff does include inclining block rates, a blend of those rates determined by adding together all of the revenues to the company during the most recent calendar year from kWh sold under those block rates and dividing the sum by the total kWh sold by the company at those rates during the same year; or The weighted average of the blended residential rates for all Vermont electric companies (weighted by the annual retail sales of the electric companies.) Any NEG shall be used within twelve months of the month earned; if not, it is granted to the utility with no compensation for the customer. Beginning January 1, 2017, credits may no longer be applied to non-bypassable charges. NEG from existing systems can be applied to reduce certain energy providers' (including those with fewer than 75,000 customers) renewable energy standard requirements. System Size and Siting Credit Adjustors Effective for customers filing a Certificate of Public Good beginning August 1, 2024, and ending July 31, 2026, credit adjustors will be applied to customer bills based on system size and siting. Adjustors are applied to all production, as measured by a separate production meter. Positive adjustors are applied for 10 years, while negative adjustors are applied in perpetuity. The credit adjustors are as follows: Category I Systems (non-hydro facilities 15 kW or less) = Negative 4 cent per kWh Category II Systems (non-hydro facilities greater than 15 kW and less than or equal to 150 kW, sited on a "preferred site") = Negative 4 cent per kWh Category III Systems (non-hydro facilities greater than 150 kW and less than or equal to 500 kW, sited on a "preferred site") = Negative 7 cents per kWh Category IV Systems (non-hydro facilities greater than 15 kW and less than or equal to 500 kW, not located on a "preferred site") = Negative 8 cents per kWh Hydroelectric Facilities = 0 cents per kWh A "preferred site" – provided that the site does not require significant forest clearing (i.e. clearing more than three acres) – means one of the following: A new or existing constructed impervious surface or structure whose primary use is not the generation of electricity A parking lot canopy over a parking lot A tract previously developed for a use other than siting a plant on which a structure or constructed impervious surface was lawfully in existence and use at any time during the year preceding the year in which an application for a Certificate of Public Good was filed A brownfield A sanitary landfill A gravel pit, quarry, or similar site for the extraction of a mineral resource A specific location determined by the governing municipal legislative body and the municipal and regional planning commissions as suitable for the development of a net-metering system consistent with applicable policies in their respective plans. A site listed on the National Priorities List provided development will not compromise or interfere with remedial action on the site and the site is suitable for the development of the plant The same parcel as, or directly adjacent to, a customer that has been allocated more than 50% of the net metering system's electrical output. Renewable Energy Credit Ownership & Credit Adjustors Beginning January 1, 2017, the utility owns the renewable energy credits (RECs) generated by a customer's net-metered system, unless the customer elects not to transfer ownership of these RECs at the time of application. Customers transferring RECs to the utility will receive an additional monthly bill credit for 10 years equal to $0.00/kWh multiplied by all kWh produced by the system during the billing period beginning September 1, 2022, and ending June 30, 2024. Customers electing to retain REC ownership will be charged each month in perpetuity negative $0.04/kWh multiplied by all kWh produced during the same period. Prior to 2017, net-metered customers retained default ownership of RECs unless the customer elected to transfer ownership to the utility. Interconnection Utilities may require a customer to comply with generation interconnection, safety, and reliability requirements, as determined by the PUC, and may charge reasonable fees for interconnection, establishment, special metering, meter reading, accounting, account correcting, and account maintenance of net-metered systems. For net-metered systems with a capacity of up to 15 kW, a net-metering registration form constitutes an interconnection application under PUC Rule 5.500; and the electric companies’ interconnection application review is governed by Rule 5.500. For systems that have a capacity that is greater than 15 kW, interconnection approval must be granted by the electric company before submitting a registration form. Grandfathering Net metering systems with a complete Certificate of Public Good application filed with the PUC prior to January 1, 2017 (as long as the application was filed at a time when the electric company was accepting net metering systems, based on the state's former aggregate capacity limit) are grandfathered under the state's former net metering rules for a period of 10 years from the date of the system's commissioning. For this 10-year period, credits may be applied to all bill charges, including non-bypassable charges. Following this period, customers will be credited for NEG at the blended residential rate and may not apply credits to non-bypassable charges. Grandfathered systems are not subject to any REC or system size/siting credit adjustors. Group Net Metering Vermont allows “group net metering." In order to set up such a net metering system, the group must file with the PUC and other relevant parties, the following information: The customers and meters that are to be included as part of the group; The method for adding/removing meters and information regarding credit allocation to each customer meter; The contact person responsible for communications, but not those related to billing, payment, or disconnect; and A dispute resolution process. The utility is required to bill all customers of the group individually. For group net metering systems placed behind the meter, electricity used on-site will be netted one-to-one against the host customer's consumption. All NEG will be credited at the applicable blended residential rate and allocated to group members. For group net metering systems directly interconnected to the utility grid (in front of the meter), electricity produced is allocated to group members and monetized at the applicable blended residential rate before netting. REC and system size/siting credit adjustors also apply to group net metering systems. Starting in 2026, only on-site systems may qualify for group net-metering. Biennial Update Proceeding The PUC must conduct a biennial update in 2024 and every two years thereafter to update REC adjustors, system size/siting adjustors, the electric companies’ and statewide blended residential rate, and criteria applicable to the different categories of net metering systems. Energy Storage and Other Provisions An energy storage facility connected to a net-metering system must be configured so that the customer cannot receive metering compensation for electricity that is not drawn from the net-metering system. Customers are responsible for the cost of installing a mandatory production meter. Electric companies may also require customers to install advanced metering infrastructure prior to serving the net metering customer. Vermont's net metering rules provide electric companies with the authority to require energy efficiency audits for customers seeking to install net metering systems if they are commercial or industrial customers or residential customers with historic energy consumption of 750 kWh or more per month. No net-metering system can participate in the wholesale market unless the PUC finds that it will not harm ratepayer interests and is in the public good.

Who’s eligible : Commercial

How to apply : The Vermont Agency of Transportation's (AOT) plan for NEVI funds will help construct about 549 miles of EV charging corridors. The agency also released its approved 2023 plan update in late September 2023. An RFQ was issued on April 16, 2024, to identify EV charging providers capable of building out the state's charging network. Provider proposals under this RFQ were due on May 22, 2024, with awards announced on June 5, 2024.

Who’s eligible : Commercial, Local Government, Nonprofit

How to apply : The Commercial Energy Loan Program (CELP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority (VEDA). The CELP provides loans to businesses for larger renewable energy and energy efficiency projects. The maximum loan amount is $6,000,000 for the variable option and $500,000 for the fixed rate option, and VEDA is generally limited to 60% of the project cost; and in some cases up to 90% of cost financing (up to $500,000). Loans are provided at variable rates, which are adjusted on a quarterly basis; current rates can be found here. Loan terms are determined on a case-by-case basis, with a maximum loan term of 20 years. Fixed rates have a five-year term and may be re-fixed for another five-year period. Fees associated with CELP loans include (1) a 1% commitment fee ($5,000 maximum, for loans that are at least $1 million), (2) a 0.5% commitment fee (no cap), (3) a $250 minimum commitment fee, (4) a $30 credit report fee, (3) if applicable, appraisal fee, document recording fee, flood certificate fee, and other out-of-pocket fees.

Category : Regulatory Policy

Website : http://publicservice.vermont.gov/renewable_energy/cedf

Applicable Sectors : Commercial, Industrial, Nonprofit, Residential, Schools, Agricultural, Institutional

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : https://puc.vermont.gov/energy-efficiency-utility-program

Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Agricultural, Institutional

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : https://publicservice.vermont.gov/renewables/renewable-energy-standard

Applicable Sectors : Investor-Owned Utility, Municipal Utilities, Cooperative Utilities, Retail Supplier

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : http://psb.vermont.gov/electric/net-metering

Applicable Sectors : Commercial, Local Government, Nonprofit, Residential, Schools, State Government, Federal Government, Agricultural, Institutional

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://vtrans.vermont.gov/planning/nevi

Applicable Sectors : Commercial

Incentive Amount : Varies

Implementing Sector : State

Category : Financial Incentive

Website : https://www.vermontevchargers.com/

Applicable Sectors : Commercial, Investor-Owned Utility, Local Government, Nonprofit, Municipal Utilities, Cooperative Utilities, State Government, Multifamily Residential

Incentive Amount : Varies for workplace, multiunit dwellings, and community attractions.

Implementing Sector : State

Category : Financial Incentive

Website : https://dec.vermont.gov/air-quality/mobile-sources/diesel-emissions/vt-diesel-grant

Applicable Sectors : Commercial, Local Government, Nonprofit, State Government, Institutional

Incentive Amount : Varies

Implementing Sector : State

Category : Financial Incentive

Website : http://www.veda.org/financing-options/vermont-commercial-financing/commercial-energy-loan-program/

Applicable Sectors : Commercial, Local Government, Nonprofit

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://www.veda.org/financing-options/vermont-commercial-financing/electric-vehicle-charging-station-loan-program/

Applicable Sectors : Commercial, Local Government, Nonprofit

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : http://www.veda.org/financing-options/vermont-agricultural-financing/agricultural-energy-loan-program/

Applicable Sectors : Agricultural

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://www.veda.org/financing-options/vermont-commercial-financing/ev-charging-station-loan-program/ev-workplace-charging

Applicable Sectors : Commercial, Local Government, Nonprofit, Cooperative Utilities

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/on-bill-financing

Applicable Sectors : Commercial, Industrial, Agricultural

Incentive Amount :

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vgsvt.com/savings/residentialrebate/energy-audits-weatherization/

Applicable Sectors : Residential, Low Income Residential

Incentive Amount :

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.mileagesmartvt.org/

Applicable Sectors : Residential, Low Income Residential

Incentive Amount : 25% of vehicle cost

Implementing Sector : State

Category : Financial Incentive

Website : https://vtrans.vermont.gov/planning/climate-change/Electrify-Your-Fleet

Applicable Sectors : Commercial, Local Government, Nonprofit

Incentive Amount :

Implementing Sector : State

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.driveelectricvt.com/incentives/vermont-state-incentives

Applicable Sectors : Residential

Incentive Amount : New EV: $2,500 to $5,000; varies by income Used EV: $5,000; varies by income

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?cat=&hvacfilter=&type=rental

Applicable Sectors : Residential, Multifamily Residential, Low Income Residential

Incentive Amount : Refrigerators: $250 Freezers: $250 Ventilation Systems: $110/fan Bath Fans: $110 Dehumidifiers: $110 DIY Weatherization: $100 Ductless Heat Pumps: $350 - $450 Heat Pump Water Heaters: $400 In-Unit Clothes Dryers: $400 In-Unit Clothes Washer: $400 Smart Thermostats: Up to $100 Window Air Conditioners: $100 Washer & Dryer Combo Unit: Up to $400 Free Products: LEDs, Low-Flow Shower Heads, Faucet Aerators, Insulating Pipe Wraps Virtual Home Energy Visit: Free Energy Consultation: Free

Implementing Sector : State

Category : Financial Incentive

Website : http://www.rerc-vt.org/

Applicable Sectors : Commercial, Industrial, Local Government, Nonprofit, Residential, Multifamily Residential, Low Income Residential, Institutional

Incentive Amount : Advanced Wood Pellet Heating: Flat Incentive: $3,000 Income-Eligible Adder: $8,000 (low-income) and $6,000 (moderate-income)

Implementing Sector : State

Category : Financial Incentive

Website : https://www.efficiencyvermont.com/products-technologies/agricultural-equipment

Applicable Sectors : Agricultural

Incentive Amount : LEDs for Indoor Growing: up to $100/fixture Plate Coolers: $3,000 Heat Recovery Units: $1,875 High Efficiency Condensing Unit: up to $2,000/unit Milk Vacuum Pump VFDs: $1,125 Sap Vacuum Pump VFDs: $300 Maple Reverse Osmosis Systems: up to $3,250 Efficient Ventilation Fans: $275/fan Custom Rebates Available: See Website for details. Equipment for Indoor Growing Operations Greenhouse Equipment

Implementing Sector : State

Category : Financial Incentive

Website : https://www.efficiencyvermont.com/rebates

Applicable Sectors : Commercial, Multifamily Residential

Incentive Amount : Business Energy Assessment: Free Building Performance: 75% of project cost New Construction: Custom (multifamily and commercial)

Implementing Sector : State

Category : Financial Incentive

Website : https://www.driveelectricvt.com/incentives/vermont-state-incentives#new

Applicable Sectors : Residential

Incentive Amount : PHEV: $1,500 to $3,000; varies based on income All-Electric Vehicle: $2,500 to $5,000; varies based on income

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://www.efficiencyvermont.com/rebates/list?cat=&hvacfilter=&type=biz

Applicable Sectors : Commercial, Industrial, Nonprofit, Institutional

Incentive Amount : Varies

Implementing Sector : State

Category : Financial Incentive

Website : https://greenmountainpower.com/rebates-programs/electric-vehicles/electric-bike-rebate/

Applicable Sectors : Residential

Incentive Amount : 200

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/rebate-form

Applicable Sectors : Residential

Incentive Amount : Lesser of $200 or 25% of the purchase price

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/evchargers#tc-ev-charger-commercial

Applicable Sectors : Multifamily Residential

Incentive Amount : $1,200: Qualifying EVmatch chargers $300: Additional rebate for qualifying EVmatch chargers made available to the public from 9am to 5pm during the week. $250: Enhanced rebate for certain low-income serving property $1,000: Non-EVmatch Level 2 chargers (over 30 amps) $250: Enhanced rebate for certain low-income serving property

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vermontelectric.coop/forms/incentive-forms-for-electric-products-and-programs

Applicable Sectors : Residential

Incentive Amount : Induction Cooktop: $100

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vermontelectric.coop/energy-transformation-programs

Applicable Sectors : Commercial, Residential, Low Income Residential

Incentive Amount : $150/unit

Implementing Sector : Utility

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://vermontelectric.coop/energy-transformation-programs

Applicable Sectors : Commercial, Industrial, Residential

Incentive Amount : $1,000 - Purchase of new or used electric forklift that replaces a fossil-fuel powered forklift.

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vermontelectric.coop/energy-transformation-programs

Applicable Sectors : Commercial, Residential, Cooperative Utilities

Incentive Amount : AEV Purchase: $500 PHEV Purchase: $250 AEV Purchase: $100/year PHEV Lease: $50/year

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vermontelectric.coop/energy-transformation-programs

Applicable Sectors : Commercial, Residential

Incentive Amount : $50 - purchased new, corded or cordless residential electric lawnmower $1,000 - purchased commercial electric lawnmower

Implementing Sector : Utility

Category : Financial Incentive

Website : https://greenmountainpower.com/rebates-programs/electric-vehicles/in-home-ev-charger/

Applicable Sectors : Residential

Incentive Amount : $600 value

Implementing Sector : Utility

Category : Financial Incentive

Website : https://greenmountainpower.com/rebates-programs/electric-vehicles/ev-rebate/

Applicable Sectors : Residential, Low Income Residential

Incentive Amount : New All-Electric Vehicle: $2,200 Used All-Electric Vehicle: $1,500 New PHEV: $1,000 Used PHEVs: $750 Additional rebate for low-to-moderate income customers: $1,000

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.stoweelectric.com/rebates/level-2-ev-charging-stations

Applicable Sectors : Commercial, Industrial, Investor-Owned Utility, Local Government, Nonprofit, Municipal Utilities, Cooperative Utilities, Schools, State Government, Federal Government, Installers/Contractors, Retail Supplier, Institutional

Incentive Amount : $250 - $500 rebate per plug for Level 2 and DC Fast Charging Stations for public use.

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.stoweelectric.com/rebates/electric-yard-equipment

Applicable Sectors : Commercial, Industrial, Residential

Incentive Amount : Commercial Lawnmower: $1,250 Residential Lawnmower: $75

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.stoweelectric.com/rebates/electric-vehicles

Applicable Sectors : Commercial, Investor-Owned Utility, Municipal Utilities, Residential, Cooperative Utilities, Low Income Residential

Incentive Amount : New All-Electric Vehicle: $750 New PHEV: $750 Used EV: $300 Used PHEV: $300 Low-to-moderate income customer rebate: $300

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.stoweelectric.com/rebates/e-bikes

Applicable Sectors : Residential

Incentive Amount : $200 - Direct rebate for purchase of a Class 1 E-Bike

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/rebate-form

Applicable Sectors : Residential, Low Income Residential

Incentive Amount : Rebates have many conditions and possibilities for enhanced rebates. See program website for full details. Mini-Split Heat Pump: $2100 - $2500 Centrally Ducted Heat Pump: $1250 - $6250 Air to Water Heat Pump: $12,000 ($2,000 per ton) Heat Pump Water Heater: $500 - $800 Electric Lawn Mower: $100 - $300 Electric Leaf Blower: $50 Electric Chainsaw: Lesser of $50 or 50% of retail price Electric Trimmers: Lesser of $50 or 50% of retail price Electric Snow Blower: $15 Clothes Washer: $150 Refrigerator: $150 - $250 Induction Cooktop: $200 Bathroom Fan: $110 Heat Recovery Ventilation (HRV) & Energy Recovery Ventilation (ERV) Tier 1: $750 or the lesser of 75% of the installed cost Heat Recovery Ventilation (HRV) & Energy Recovery Ventilation (ERV) Tier 2: $950 or the lesser of 75% of the installed cost

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/commercial/

Applicable Sectors : Commercial, Industrial, Agricultural

Incentive Amount : Rebates vary widely by category. See the website above for complete information on incentives. Kitchen Equipment Refrigeration Equipment Ventilation Lighting Lawn Care

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/res-property-managers

Applicable Sectors : Multifamily Residential

Incentive Amount : Lighting and Water Conservation Products: FREE Ventilation Systems: $110 Heat Pumps: up to 75% of installed cost

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vgsvt.com/savings/residentialrebate/

Applicable Sectors : Construction, Residential, Low Income Residential

Incentive Amount : Hot Air Furnaces: $500 - 800 Combination Furnace: $1,100 Hot Water Boilers: $800 - $1,200 Combination Boilers: $1,200 - $1,600 Direct Vent Space Heater: $300 Water Heaters: $100 - $300 Tankless Water Heaters: $400 - $800 Indirect Water Heater: $200 Drain Water Heat Recovery: $500 Smart Thermostat: $100 In order to receive the maximum incentive equipment must meet the higher of the multiple energy standards listed below.

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vgsvt.com/savings/commercial-energy-services/

Applicable Sectors : Commercial, Construction, Industrial, Local Government, Nonprofit, State Government, Federal Government, Installers/Contractors

Incentive Amount : Heating and Water Boiler: $1,100 - $5,000 Furnace: $700 - $1,000 Unit Heater: $1000 Infrared Heater: $750 Water Heater – tanked: $650 - $850 Tankless Water Heater: $650 - $850 Demand Controlled Ventilation: $250 Smart Thermostat: Free

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/evrebates

Applicable Sectors : Residential, Low Income Residential

Incentive Amount : Electric Vehicle or Plug-in Hybrid New & Leased EV: $2,300 PHEV: $2,000 Moderate Income Customer bonus: $700 (EV), $300 (PHEV) Pre-owned EV or PHEV: $1,300 Moderate Income Customer bonus: $200 ------- Electric Motorcycle: $500

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-e-bike-and-retrofit-kit-rebate/

Applicable Sectors : Residential

Incentive Amount : $100 - E-bike or Retrofit kit

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-electric-lawn-mower-rebate/

Applicable Sectors : Commercial, Residential

Incentive Amount : $50 - Residential Electric Lawnmower $1,200 - Commercial Electric Ride-on Lawnmower $200 - Commercial Electric Push Mower

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-electric-vehicle-rebate/

Applicable Sectors : Commercial, Residential, Low Income Residential

Incentive Amount : $1,000 - New electric vehicle purchase or lease $500 - New plug-in hybrid purchase or lease $500 - Pre-owned all electric vehicle purchase or lease $250 - Pre-owned plug-in hybrid purchase or lease $400 - Additional rebate for qualifying low-income customers

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-electric-golf-cart-rebate/

Applicable Sectors : Residential

Incentive Amount : $100 - Electric golf cart purchase

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-electric-forklift-rebate/

Applicable Sectors : Commercial

Incentive Amount : $2,500 - Electric Forklift Rebate

Implementing Sector : Utility

Category : Financial Incentive

Website : https://vppsa.com/2023-electric-vehicle-charging-station-rebate/

Applicable Sectors : Commercial

Incentive Amount : Level 2 charger: $500

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/ev

Applicable Sectors : Commercial

Incentive Amount : Level 2: $2,000 Level 3: $10,000

Implementing Sector : Utility

Category : Financial Incentive

Website : https://www.burlingtonelectric.com/evchargers

Applicable Sectors : Residential

Incentive Amount : Used to charge an all electric vehicle: $900 Used to charge a plug-in hybrid electric vehicle: $700

Implementing Sector : Utility

Category : Financial Incentive

Website :

Applicable Sectors : Commercial, Residential, Agricultural

Incentive Amount : 100% of sales tax for purchase

Implementing Sector : State

Category : Financial Incentive

Website : http://tax.vermont.gov/municipal-officials/solar-valuation/everything-you-need-to-know-about-solar

Applicable Sectors : Commercial, Industrial, Residential, Agricultural

Incentive Amount : 100% exemption

Implementing Sector : State

Category : Financial Incentive

Website : https://tax.vermont.gov/municipal-officials/solar-plant-taxation

Applicable Sectors : Commercial, Industrial, Residential, Agricultural, Multifamily Residential

Incentive Amount : Uniform Capacity Tax Exemption: Solar Plants (Less than 50 kW) Energy Storage (Rating less than 600 kWh) Education Property Tax: Solar Plants (50 kW or more) Solar Plants (Less than 50 kW; if net-metered or not grid connected) Energy Storage (Rating of 600 kWh or more) Energy Storage (Rating less than 600 kWh) Municipal Property Tax: Solar Plants (Less than 50 kW; if net-metered or not grid connected) Energy Storage (Rating less than 600 kWh)

Implementing Sector : State

Category : Regulatory Policy

Website : http://publicservice.vermont.gov/renewable_energy/resources

Applicable Sectors : Investor-Owned Utility, Municipal Utilities, Cooperative Utilities

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : http://publicservice.vermont.gov/electric/interconnection

Applicable Sectors : Commercial, Industrial, Residential, Agricultural

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : http://tax.vermont.gov/business-and-corp/corp-and-business-income-taxes/tax-credits

Applicable Sectors : Commercial, Industrial, Agricultural

Incentive Amount : 7.2% for systems placed in service by 12/31/2032 6.24% for systems placed in service by 12/31/2033 5.28% for systems placed in service by 12/31/2034

Implementing Sector : State

Category : Regulatory Policy

Website : https://vecan.net/iniatives/community-solar-toolbox/

Applicable Sectors : Commercial, Local Government, Nonprofit, Residential, Schools, Multifamily Residential, Low Income Residential, Institutional

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : https://publicservice.vermont.gov/efficiency/vermont-appliance-efficiency-and-water-conservation-standards

Applicable Sectors :

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://vgsvt.com/savings/equipment-leases/

Applicable Sectors : Residential, Low Income Residential

Incentive Amount :

Implementing Sector : Utility

Category : Regulatory Policy

Website :

Applicable Sectors : Commercial, Industrial, Residential

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : http://publicservice.vermont.gov/renewable_energy/net_metering

Applicable Sectors : Commercial, Nonprofit, Residential, Agricultural, Multifamily Residential

Incentive Amount :

Implementing Sector : State

Category : Financial Incentive

Website : https://vermontelectric.coop/energy-transformation-programs

Applicable Sectors : Commercial, Residential

Incentive Amount :

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

Category : Regulatory Policy

Website : https://puc.vermont.gov/energy-efficiency-utility-program

Applicable Sectors : Investor-Owned Utility, Local Government

Incentive Amount :

Implementing Sector : State

Category : Regulatory Policy

Website : http://bcap-ocean.org/state-country/vermont

Applicable Sectors : Commercial, Residential

Incentive Amount :

Implementing Sector : State