Vermont Business Magazine According to an Efficiency Vermont report, energy burden (energy spending as a percentage of income) is about 10% statewide. The greatest determinant of energy burden is income, not fuel cost, so in the Northeast Kingdom -- which has some of the lowest household incomes in the state -- households are likely to spend far more. In fact, in nearly every municipality in our region, energy spending exceeds 10% of household income. Obviously, those who are already struggling are far less able to invest in weatherization and cleaner fuel options that could save money in the long-run.
On Town Meeting Day, two NEK towns took decisive action to reduce energy burden. Peacham and Ryegate citizens approved budgets that allow for subsidies for ten HEAT Squad Home Energy Audits in each community. In Ryegate, a separate article passed to spend up to $50,000 to install a more renewable energy heating system for the town garage and Corner fire station. Congratulations to both communities!
Learn more about energy burden statewide -- and in your community -- here.
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