Vermont Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 10/16/2012
Program Overview:
| State: |
Vermont |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Furnaces , Boilers, Heat pumps, Duct/Air sealing, Building Insulation, Custom/Others pending approval |
| Applicable Sectors: |
Residential, Multi-Family Residential, Low-Income Residential |
| Amount: | Rebate: 33.3% of installed cost for energy efficiency measures
Loan: 66.7% of installed cost for energy efficiency measures
Repayment: up to 3 years (0%), up to 5 years (2%), up to 10 years (4%) |
| Maximum Incentive: | not specified |
| Terms: | Customers must use at least 0.5 Ccf per square foot of natural gas in one year and have direct landlord authorization to be eligible. |
| Web Site: |
http://www.vermontgas.com/efficiency_programs/res_programs.html
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Summary:
Vermont Gas customers whose homes have used at least 0.5 Ccf per square foot of natural gas over the past year are eligible for this program, as are multi-family buildings. Typical measures include blown-in cellulose insulation for walls and ceilings and specific air sealing measures designed to make houses less drafty. In some cases, heating system and distribution improvements are also recommended. Typically, Vermont Gas will rebate one third of the installed cost of the recommended measures and provide a reduced interest loan through the Opportunities Credit Union for the remaining balance. Currently, customers are offered loans at 0% interest for up to 3 years, 2% interest for up to 5 years, or 4% interest for up to 10 years. Low income customers will be referred to the Champlain Valley Weatherization Service (CVWS) for enhanced incentives. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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