Vermont is a state that gets an average of roughly 4 kilowatt hours per-square-meter of sunlight per day. While the state doesn’t have the solar resources of Arizona or California, it is making sound investments to become an energy independent state and is focusing on offering incentives to promote its renewable resources, which include solar and biomass.
The state offers residents numerous measures to help them become energy independent, including grants, state rebates, low-interest rate loans, tax incentives (including a 100 percent sales tax exemption) and net metering programs. These incentives are encouraging Vermonters to install photovoltaics (PVs) and other renewable energy sources on their homes or small businesses. The state also allows municipalities to create Property Assessed Clean Energy (PACE) programs to help finance renewable energy installations.
Vermont has a renewable energy goal of 20 percent by 2017. The goal is part of the state’s Sustainably Priced Energy Enterprise Development (SPEED) Program. While SPEED is not technically a renewable portfolio standard, if the Vermont Public Service Board finds that the state’s 19 utilities are not meeting the program’s goals, then a renewable portfolio standard will be enforced by law.
Under the program, “all new load growth from Jan. 1, 2005 through July 1, 2012” is to come from SPEED-qualified renewable resources. It’s well on its way, with more than 188,400 MWH of SPEED-qualified power already in operation, and a total of 419,482 MWH of SPEED-qualified electric generation in active development, according to the program’s site, vermontspeed.com. Together they represent about 10 percent of the state’s electricity use as of Jan. 1, 2005, putting the program well on its way to meeting SPEED’s more ambitious 2017 goal.
Since SPEED’s inception, Vermont has added feed-in tariff provisions and a standard-offer contract, under which small energy generators are financially reimbursed for net excess electric generation, to the program. This is in addition to the state’s net-metering law. Home and building owners with PV and other renewable installations may opt to sign up for the standard-fee contract rather than net metering.
Corporate Tax Credit
Production Incentive
Property Tax Exemption
Sales Tax Exemption
State Grant Program
State Loan Program
State Rebate Program
- Efficiency Vermont – Commercial Lighting Incentives
- Efficiency Vermont – Compressed Air Systems
- Efficiency Vermont – Energy Efficient Motors and VFD Program
- Efficiency Vermont – HVAC Equipment Rebate Program
- Efficiency Vermont – Incentives for Integrated Design and High Efficiency Equipment
- Efficiency Vermont – Multifamily Apartment Rebate Program
- Efficiency Vermont – Residential Energy Efficiency Rebate Programs
- Efficiency Vermont – Small Commercial Refrigeration Incentive
- Efficiency Vermont – Vending Machine Controller Incentive
- Vermont Small-Scale Renewable Energy Incentive Program
Utility Grant Program
More…
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DSIRE – Business Energy Tax Credit º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US02F&State=federal¤tpageid=1&ee=0&re=1 |
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DSIRE – Clean Energy Development Fund (CEDF) Grant Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT32F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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DSIRE – Clean Energy Development Fund (CEDF) Loan Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT30F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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DSIRE – Direct Loan Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT08F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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DSIRE – Energy Efficient Mortgage Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US36F&State=federal¤tpageid=1&ee=0&re=1 |
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DSIRE – Local Option for Property Tax Exemption º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT02F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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DSIRE – Modified Accelerated Cost-Recovery System -MACRS- Bonus Depreciation º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US06F&State=federal¤tpageid=1&ee=0&re=1 |
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DSIRE – Residential Energy Conservation Subsidy Exclusion for Corporations º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US31F&State=federal¤tpageid=1&ee=0&re=1 |
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DSIRE – Solar & Small Wind Incentive Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT17F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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Efficiency Vermont Rebate Center º http://www.efficiencyvermont.com/pages/Business/RebateCenter/ |
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RESNET º http://www.resnet.us/ratings/mortgages/default.htm |
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The Vermont Solar & Small Wind Incentive Program – FORMS º http://www.rerc-vt.org/incentives/forms.htm |
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The Vermont Solar & Small Wind Incentive Program º http://www.rerc-vt.org/incentives/index.htm |
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USDA Renewable Energy Systems and Energy Efficiency Improvements Program º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US05F&State=federal¤tpageid=1&ee=0&re=1 |
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Vending Machines Purchasing & Procurement Language º http://www.energystar.gov/index.cfm?c=vending_machines.pr_proc_vendingmachines |
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Vermont Clean Energy development Fund º http://publicservice.vermont.gov/energy/CEDF%20Loan%20Brochure.pdf |
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Vermont Economic Development Authority º http://www.veda.org/interior.php/pid/1/sid/1 |
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VT State Tax Exemption º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=VT01F&state=VT&CurrentPageID=1&RE=1&EE=1 |
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Zero Percent – Clean Renewable Energy Bonds (CREBs) º http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US45F&State=federal¤tpageid=1&ee=0&re=1 |