On January 1, 2017, new Vermont solar policies will go into effect. Business and home owners have a lot to lose if they wait until 2017 to get power from the sun. Under the new rules, the solar incentives for most Vermonters will decrease significantly - by almost 25%! By switching to solar now, an additional $1200 in solar savings can be realized in the first 10 years of ownership.
How does the solar incentive work?
Every day, your solar system collects energy and sends it to the electric grid. Every month, the electric utility, based on the current solar incentives, applies a credit to your bill for the solar energy the system has generated since the last bill. Over the life of the solar system, these monthly solar incentive credits add up to more than $4000 for the average Vermont homeowner.
What other incentives are changing?
In addition to the solar incentive drop, Vermonters will no longer be able to zero out their utility bills with solar power. Under the 2016 rules, a homeowner can pay monthly service charges (which can be 15-20% of the total bill) with solar credits. In 2017, this will no longer be allowed. Moving forward, all solar credits can only be applied to the cost of energy consumed. So, even if your electric meter runs backward, a check still must be sent every month to the utility.
By going solar now, business and home owners can take advantage of paying all monthly charges with solar credits.
Lock in solar incentives now!
All that you need to qualify for the current solar incentives is to live in Green Mountain Power territory and have space for a ground mounted tracking system.
The AllEarth sales team will help you lock in the current rate by filing a simple, one page solar registration form, which must be completed by December 15. There's no obligation to put in a system, but AllEarth offers a range of options for going solar, from a $0 down Power Purchase Agreement with a 5% savings on all the energy the solar tracker produces to owning the system outright.
You can contact us to get started, or come to our "Cheese and Tracker" informational events on Wednesday, December 7 and Thursday, December 8 from 5-6PM at the AllEarth offices in Williston, VT to ask questions and register in person.