Rebates

Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

Bill No. 1-37 of 2023 provided an exemption from property taxes for photovoltaic solar panels and photovoltaic roof tiles installed on buildings.

Green Mountain Power customers are eligible for rebates for a variety of energy-efficient technologies and installations, from induction cooktops to heat pumps for income-eligible customers.

For qualifying details please refer to the cited website. You will also find several Efficiency Vermont incentives that you can also find here.

All customers can get a $200 rebate towards a new e-bike or a retrofitted bike. E-bikes purchased from January 1, 2024, to June 30, 2024, are eligible.

For qualifying details please refer to the cited website.

Vermont Electric Cooperative is offering a $150 one-time bill credit per heat pump unit installed.

The credit application can be found here.

Vermont Electric Cooperative is offering a $100 one-time bill credit for an installed induction cooktop (not including portable cooktops) purchased on or after September 1, 2022.

The credit application can be found here.

Burlington Electric Department offers a rebate incentive for eligible electric bikes.

Note: The MW approved through this program will be counted towards the state's energy storage targets.

The Energy Storage Solutions Program provides incentives to residential and commercial customers to install energy storage systems. The program is administered by the Connecticut Green Bank, though the incentives are provided through the state's utilities, Eversource and United Illuminating. The program will run for nine years, from 2022 through 2030.

The program has a cap of 580 MW, spread across three tranches. Tranche 1 is open for the first three years of the program -- 2022 through 2024. The Tranche 1 capacity

In partnership with one another, Eversource and the National Energy Improvement Fund offer homeowners 100% loan financing for heat pumps, ductless heating and cooling systems, and battery energy storage systems. 

For more information click here.

Eversource's Home Battery Storage program provides enrolled participants an upfront incentive for purchasing a qualifying battery and enrolling in the Clean Energy Fund program. The participant must have purchased a qualifying storage system after October 1, 2022, and participate in utility demand response events for a minimum of three years.