Why Go Solar in Vermont

It is no surprise that the Green Mountain state is a national leader in renewable energy. With a target of producing 20 percent of its energy from renewables by 2017, and 75 percent by 2032, Vermont is pursuing a greener future more aggressively than almost every state. By going solar you can help preserve the beautiful outdoors, have predictable energy bills, and invest in your home.

Solar Incentives in Vermont

With Vermont’s Renewable Energy Systems Sales Tax Exemption, you won’t pay any sales tax on the purchase of your system, and the Uniform Capacity Tax and Exemption for Solar keeps you from having to pay increased property taxes. Vermont also offers net metering through the Public Utility Comission, which allows you to sell your excess energy back to the grid and get a credit on your energy bill. As of February 2, 2021, net metering is credited on a one-to-one exchange. This means you get credited for the exact amount each kWh sells for. Beginning September 1, 2021, the electricity you sell back will be one cent less than what it normally sells for. Green Mountain Power customers can also get up to $10,500 toward the purchase of a new home battery when they enroll in their Bring Your Own Device program. All programs are dependent on customer eligibility.Vermont homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
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Benefits of Solar in Vermont

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Lower your energy bills

If you are on a time of use (TOU) billing system, you may see higher rates at different times of day. By going solar and installing batteries, you may be able to avoid TOU. The goal is to design your system to produce enough energy to keep your house running. This means you may not need to use any energy from the grid.

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Prepare for outages

Scheduled outages in Vermont are normal and sometimes necessary, but they are still inconvenient. Unforeseen weather may also cause outages and leave you without power. Installing batteries with your system can help your home stay powered even during an outage. Talk to your dealer about what batteries can give you the freedom to keep powering your home.

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Preserve Vermont’s outdoors

Vermont has beautiful landscapes, forests, and agriculture that needs to be preserved. Many homeowners report the environment as a key reason to go solar. Your solar system prevents additional greenhouse gas emissions, such as CO2, from polluting your environment. Going solar also reduces your reliance on fossil fuels and other traditional energy sources.

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Have predictable payments

Vermont’s weather can vary, and so can your energy bill. With TOU rates, it becomes even more difficult to predict your energy bill. If you go solar, you have the opportunity to offset* your energy consumption and minimize your payment to the utility. Then you can budget for your monthly solar payment.

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Invest in your home

If you ask your neighbors, some of them have already gone solar to build equity. Going solar may add value to your home and may help it sell faster. The average Rhode Island home is currently valued at approximately $277,364, that is a 6.1% annual increase from last year. Keep up with the rising home values, especially if you want to sell in the future.

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