VEC offers Level II electric vehicle chargers at no cost to co-op members. Members must agree not to charge during high demand times. Courtesy photo.
Vermont Business Magazine Have you checked out Vermont Electric Co-op’s incentives for electric technologies recently?
These incentives are designed make the purchase of certain types of electricity-powered equipment more affordable for members.
Almost 7,000 VEC members have taken advantage of incentives since the co-op began offering them in 2017. Since the program began, VEC’s incentives have eliminated the consumption of almost 24 million gallons of fossil fuel. That’s the equivalent of taking over 42,000 cars off the road for a year.
Specifically, VEC offers credits on members’ electric bills for the purchase of:
• Electric vehicles: For plug-in electric vehicles, $250; all-electric vehicles, $500. For both types, there is an additional $500 for income-qualified members. (Vehicles may be new or used, purchased or leased).
• EV chargers: VEC offers a free Level 2 EV charger. If members have purchased a charger, VEC offers a $250 bill credit. In both cases, members agree to not charge during high demand times.
• Public/workplace/multi-family charging stations: $500 per connection
• Heat pumps: For ductless, ducted, air-to-water, and ground source heat pumps as well as heat pump water heaters, an incentive is available either at the point-of-purchase or as a rebate through Efficiency Vermont. A $150 per unit thermal efficiency credit is available if the system was installed in a building that meets thermal efficiency criteria.
• Pellet stoves: Incentive is available at the point-of-purchase through participating dealers.
• Other machinery: residential lawn mowers, $50; commercial mowers and electric forklifts, $1,000
• Heat pump pool heaters: $600 for units that meet efficiency criteria
• Induction cooktops: $100 (Not available for portable induction cooktops.) VEC also offers custom incentive opportunities for members who want to replace fossil fuel equipment and reduce carbon emissions, through electric service upgrades or line extensions. These projects often serve commercial facilities like sawmills or sugaring operations, for instance. Learn more about these opportunities at vermontelectric.coop/energytransformation-programs or by calling 1-800-832-2667.
About Vermont Electric Cooperative
Vermont Electric Cooperative (VEC), established in 1938, is a non-profit, member-owned electric distribution utility that provides safe, reliable, affordable, and sustainable electric service to approximately 33,000 members in 75 communities in northern Vermont. Operating with an annualized 100 percent carbon-free power supply, VEC is nationally recognized for innovative and advanced use of technology. VEC is the largest locally-owned electric distribution utility in Vermont. www.vermontelectric.coop
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