Customers Save While Cutting Record Amount of Carbon Emissions
- All-Electric Vehicle rebate increases to $2,200 (from $1,500 in 2022) through June 2023
- Extra $1,000 EV rebate for income eligible customers for up to $3,200 savings
- Continued savings on heat pumps, e-bikes, e-motorcycles, induction stoves, e-mowers and more
- Residential and business customers offset more than 306,000 Metric Tons of carbon emissions through GMP programs last year
Vermont Business Magazine Green Mountain Power (GMP) announced renewed savings opportunities for customers in 2023, to continue to switch away from fossil fuel for driving, heating, and more. These rebates are available to all customers to make the switch and help cut carbon and costs for customers.
“Our customer rebates and programs are all about making it simple to save money while reducing your carbon footprint. The two biggest sources of carbon emissions in Vermont are driving and heating, so we offer robust rebates for electric vehicles and heat pumps with additional savings for customers who are low income,” said Tiana Smith, who leads electrification initiatives at GMP.
GMP’s rebate for all-electric vehicles (AEVs) is increasing for 2023, to $2,200 for qualifying new vehicles, up from $1,500 last year. Income eligible customers can still get an extra $1,000 rebate for up to $3,200 in savings. If you purchase or lease from a participating dealership, they can apply the rebate as a discount during the transaction for immediate savings. This bigger AEV rebate is valid through June of 2023, and it can be combined with up to $4,000 in state EV rebates and $7,500 in federal tax incentives for qualifying vehicles, adding up to big savings. GMP’s base rebate for used AEVs is also increasing - to $1,500, up from $750 last year.
“We love our Bolt EV and we appreciate having GMP help make it possible to reduce Vermont’s carbon footprint with rebates like this,” said Raven Walters, a GMP customer in Waterford who is looking forward to getting a second EV with the new bigger rebate, too.
GMP’s popular rebates for heat pumps, e-bikes, motorcycles, yard care equipment, and induction stoves will continue through December of 2023.
Business customers can also save through custom programs to help them shift their operations to using clean electricity instead of fossil fuel. GMP has a team of experts who will consult your business free of charge, and offer financial incentives based on the amount of carbon emissions offset by switching away from fossil fuel. This consultation and planning service is free, and GMP has helped businesses with everything from installing electric ovens and coffee roasters, to electric snowmaking equipment, to one-of-a-kind kilns for industrial applications. Incentives are also available for electric vehicles and chargers, forklifts, backhoes, and more.
Together, GMP business and residential customers helped to offset 306,000 Metric tons of carbon emissions through GMP programs last year, which is the equivalent of taking about 66,000 fossil fuel vehicles off the road for a year.
More details on all of GMP’s rebates and programs for residential customers are online here: https://greenmountainpower.com/rebates-programs/ and include:
- Heat pumps, $400 rebate with up to $1,000 in savings for income-eligible customers
- Motorcycle, $500 rebate
- E-bike, $200 instant rebate at participating shops
- Induction stove, $200 rebate
- Lawn tractors and mowers, up to $100 rebate
More details on GMP’s services and incentives for business customers are online here: https://greenmountainpower.com/rebates-programs/business-innovation/
About Green Mountain Power
Green Mountain Power serves more than 270,000 residential and business customers in Vermont with electricity that’s 100% carbon free and 78% renewable, and GMP is partnering with customers to improve lives and transform communities. GMP is providing solutions to cut carbon and is delivering electricity that is clean, affordable, and always on. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. In 2022, GMP was named to TIME’s list of the 100 Most Influential Companies. Fast Company named GMP one of the top five Most Innovative Companies in North America in 2022. GMP also earned a spot on Fast Company’s Most Innovative Companies in the World list in the energy sector four years in a row, and in 2021 the Smart Electric Power Alliance (SEPA) honored GMP as a nationwide leader in energy transformation.
COLCHESTER, Vt. – Green Mountain Power 1.31.2023
