Solar regulation is a constantly evolving subject, and it can feel overwhelming to understand all of the technicalities and what they mean to you as a potential Vermont solar owner. One thing is very clear, however: this is a great time to purchase the Vermont solar system that you may have been thinking about for a while!
The Vermont Public Utility Commission (PUC), is a three-member commission that supervises rates, quality of service, and overall financial management of Vermont’s utilities, including electric utilities. Among the PUC’s responsibilities is to reset the net-metering financial credits for Vermonters who register and install a new solar system within the upcoming two years. This rate process occurs in even numbered years, and the 2024 one is underway with new rates to take effect on July 1, 2024. Over the past few years, these rates have been trending downward, and the Vermont Department of Public Service has just recommended another reduction. If the PUC adopts this recommendation, this means that you will get a better solar rate for years to come if you register your solar project with the PUC by June 30th of this year. Beyond that, with a dual-axis AllEarth Solar Tracker you will be taking a vital step to greater control of your energy costs, while helping Vermont do its part in battling the climate crisis.
Net-metering explained
Net-metering is the process of measuring the difference between the electricity supplied to a customer by their utility and the electricity fed back to the utility by a customer’s electric generation system (such as solar panels) during the customer’s billing period. In Vermont, customers in the same utility service territory are allowed to form “groups” to share in the output of a net-metering system.
We hope to see this decline in solar valuation stop or change in a more positive direction, and we will be advocating strongly for the interests of Vermont solar customers in the pending PUC proceeding. But for now, the best thing you can do if you’re considering “going solar” is to register your solar energy system with the PUC before the new rates take effect on July 1st.
Now is the time to lock in your solar savings
AllEarth Renewables can fully manage the registration process for you to make sure you lock in the best rate. Our energy advisors are passionate renewable energy advocates who understand both the technical and the big picture. Schedule a free consultation with the team today to find out more.