Vermont Solar Incentives (VSI) Program:

The Vermont Solar Incentives program is administered by the Vermont Department of Public Service (DPS) and is funded by the Vermont Clean Energy Development Fund (CEDF). The program offers a variety of incentives, including rebates, grants, and tax credits, to help offset the cost of solar panel installation.

VT Solar Rebates

One of the most popular incentives offered by the program is the solar rebates. This rebate program is available to both residential and commercial property owners, and provides a one-time payment of $1,500 for residential systems and $5,000 for commercial systems. This rebate can be used to offset the cost of the solar panel installation, making it more affordable for property owners to install solar panels on their property.

Solar Power Purchase Agreement (PPA)

Another incentive offered by the Vermont Solar Incentives program is the Solar Power Purchase Agreement (PPA). This program allows property owners to install solar panels on their property, and then sell the electricity generated by the panels back to the utility company at a fixed rate. This can be a cost-effective way for property owners to install solar panels, as they do not have to pay for the cost of the installation up front.

Solar Grants

In addition to rebates and PPAs, the Vermont Solar Incentives program also offers grants for solar installation. These grants are typically awarded to non-profit organizations, municipalities, and schools, and can be used to offset the cost of the solar panel installation.

VT Solar Tax Credits

The Vermont Solar Incentives program also offers tax credits for solar installation. These credits can be used to offset the cost of the solar panel installation, and can also be applied to state income taxes. This can be a significant benefit for property owners, as it can help to lower the overall cost of the solar panel installation.

Vermont Net Metering Program:

In addition to the financial incentives offered by the Vermont Solar Incentives program, the state also has a strong net metering policy. This policy allows property owners to sell any excess electricity generated by their solar panels back to the utility company at the retail rate. This can be a great way for property owners to offset the cost of their solar panel installation, as they can earn money from the electricity they generate.

Go Solar In Vermont Today!

Overall, the Vermont Solar Incentives program provides a variety of financial incentives to residents and businesses to help offset the cost of solar panel installation. These incentives, combined with Vermont's strong net metering policy, make it more affordable for property owners to install solar panels on their property, and help to promote the use of renewable energy in the state.