Vermont Solar Power Rebates, Tax Credits, and Incentives

Burlington Vermont Solar Vermont Solar Power Rebates, Tax Credits, and Incentives
Burlington, VT

Solar Legislator Score:  Vermont Solar Power Rebates, Tax Credits, and Incentives Vermont Solar Power Rebates, Tax Credits, and Incentives

Vermont, home of Howard Dean, Jim Jeffords and many a progressive leader, has sadly not done much in the past few years to protect the mountainsides that are home to that famous fall foliage, or the state’s many lakes, trails, and farms. In the spring of 2007, House Bill 520, which was written to help reduce energy use and promote development of renewable energy, was passed by both the Vermont House and Senate. Unfortunately, Governor Jim Douglas vetoed it. For a state known for its small farms, fall foliage, maple syrup, and world class skiing, Vermont can do more to protect its environment.

STATE LEGISLATION

Vermont, despite its progressive reputation, has passed only one bill to promote solar energy in the past 2 years. This year, the Vermont legislature passed House Bill 343. This measure provides a business income tax credit for companies that install solar, geothermal, fuel cell, and micro-turbine electricity systems. On the residential side, the State has not made any new progress in the past couple of years, beyond continuing to fund its Solar and Small Wind Incentive Program. This program was originally started in 1999.

STATE INCENTIVE PROGRAMS, UTILITY REBATES, UTILITY LOANS, AND UTILITY INCENTIVES

Solar & Small Wind Incentive Program

Vermonters do benefit from a the Solar & Small Wind Incentive Program, originally started in 1999, which offers them rebates of $1.75/watt for individuals and businesses who install solar electricity systems, and $3.50/watt for multi-family, low-income customers. The program also provides rebates of $1.75 per 100 Btu/day to individuals and businesses who use solar water heaters and $3.50/100 Btu/day for multi-family, low-income customers. The maximum rebate is $8,750 per electric or hot water system or up to $35,000 for low-income customers.

Have a look at Vermont’s solar energy programs:

Sales Tax Exemption

* Sales Tax Exemption

State Rebate Program

* Solar & Small Wind Incentive Program

EXAMPLE 3KW SYSTEM – HOME INSTALLATION COST

Despite being in one of the cloudier regions of the US, Vermont’s solar rating is classified as Good, which makes installing a solar electricity system a great idea. A sample 3Kw system in Burlington would cost about $63,000 before any rebates are applied. After taking the $2,000 Federal tax credit, and applying the Solar & Small Wind Incentive Program rebate of $8,750 ($1.75/watt installed), the cost of installation comes down to $52,250. The system would pay for itself in 17-24 years (assuming usage of 1,300kWh/Month at a rate of $0.1122/kWh, but over that time, it will have saved 160 tons of CO2 emissions. What is even more interesting, is that with City of Burlington electricity prices estimated to rise to $0.114/kWh in 5 years and to $0.172/kWh in 25 years, the savings will only increase.

  • 700 square feet of roof area needed
  • $15,300 estimated property value increase
  • Estimated utility savings over 25 years of $32,101
  • Greenhouse gas reduction equivalent to planting 35 trees or taking 2 cars off the road

CONSENSUS

Vermont’s legislature has not done much lately to further its attempts at developing solar energy resources. With such an amazing natural environment, and its reputation for progressive politics, the legislature needs to take more action. After all, Vermont has been host to SolarFest, The New England Renewable Energy Festival, since 1998. With this kind of grassroots activity, there is definitely public support for solar energy initiatives, and the legislature should get involved too.

Click here to have multiple solar installers bid to upgrade your Vermont home or business.

No comments yet, be the first!

george Identicon Icon george
Comment on April 27th, 2008.

i live in vt. and the state can do better in programs than what they have. i bought a hot water system to offset our heat and hot water, i had to install it myself – why? the solar store raised their price from 1200.00 to 2000.00 to install the unit. with that, i got online found a company in new york to buy the unit from. found out how install, pipe, soder, insulate. So the fed rebate of 1300.00 no state rebate because you have to have an installer certified (by the state) of 2000.00 (min) to install and get state rebate 276.00 the numbers don’t add up .

Brian Steele Identicon Icon Brian Steele
Comment on June 21st, 2008.

I’m intrested in getting a job with an electrical contractor who specializes in solar. I there a list of aproved contracts?

gabriel and cecille kissell Identicon Icon gabriel and cecille kissell
Comment on November 11th, 2008.

WE had solar panel hot water system installed back in June of 2008 and we have not received our rebate yet. We were told it would be not until August before we got it. We live in Ruland City and Brad Rousseau did the installation who is licensed and registered with the state to do this work. Can you refer this to the proper people who handle the rebates. We don’t know who to contact. Telephone 802-773-8782

Comment on November 12th, 2008.

Solar electricity in VT is BS. Here is what anyone thinking about alternative energy should ask themselves. Will my investment save money tomorrow. If not, forget it. Of course, if you want to ignore economics, and do it so that you can brag to your tree-hugging friends, go right ahead. p.s. I did geo-thermal heating, 100% and it makes a heck of a lot of economics sense, and I can still brag to the tree-huggers.

Melody Houle Identicon Icon Melody Houle
Comment on February 5th, 2009.

MASSIVELY CONFUSED!!
They say save the planet, go renewable,get state/goverenment incentives.
My Husband and Son have talked about doing this for several years but does it make sense?
Some of what I’ve been reading broken down in to everyday lingo says that you won’t save more than $10 a month over a 25 year stretch!!!!!
Now what is the price of wind mills, solar panels, and how does it off set anything.
One can’t afford paying a regular bill, how will one afford to pay for units like this large enough to be self-sufficient?
Lost and obviously without a clue!!
Melody

Charlie Morgan Identicon Icon Charlie Morgan
Comment on February 25th, 2009.

Right now, you don’t go solar to save money, you do it to save the planet. (Same with wind power, thermal energy, etc.). Eventually, you may be able to think in terms of 10 year returns on investment, but for now it isn’t that cheap. So indeed, it is only for people who have some disposable income or who can afford home equity load.

BUT, it is worth the cost even now, for the superb conservation benefits it provides. And a good system installed by a reputable installer is relatively trouble free. Just make sure your installer lives close enough to do any repair work.

Solar and thermal are sure things; wind is more problematic since even the best residential turbines are difficult to site, difficult to install (they need to be way up high), and not particularly reliable. We have one, and when it is working it provides maybe 20% of our energy in the winter, which is great.

We are totally off-grid, powered by sun and wind, with refrigerator, dishwasher, microwave, coffee grinder, etc. etc. It is not primitive in any way, though we have become much more attuned to simple conservation measures (like turning out lights, etc.). We do have a propane generator back-up, and sometimes it goes on to charge the batteries when days have been gray or excessive energy used. But mostly we live by the sun.

We paid with a home equity line, and rebates and tax incentives knocked about 25% off the price. But it still cost us around 25,000 dollars for a top-quality but relatively small single-home system.

Bottom line: do it if you can!

Tor Identicon Icon Tor
Comment on June 1st, 2009.

Good news, Vermonters. Vermont finally passed its Feed-in Tariff legislation. For some basic details, See:

http://www.renewableenergyworld.com/rea/news/article/2009/06/vermont-fits-become-law-the-mouse-that-roared

Solar Fred
http://www.solarfred.com

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