Have you checked out Vermont Electric Co-op’s incentives recently?
VermontBiz These incentives, which come in the form of one-time bill credits for VEC members, are designed make the purchase of electricity-powered equipment more affordable. The program also benefits the entire co-op membership over time because the incentives pay for themselves through additional electric sales for the co-op overall.
More than 6,000 VEC members have taken advantage of incentives since the co-op began offering them in 2017.
VEC has exceeded its goals for the Energy Transformation Program and helped eliminate the consumption of over 22 million gallons of fossil fuel. That’s the equivalent of taking over 39,000 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. For heat pumps, a $150 per unit thermal efficiency credit is available if the system was installed in a building that meets thermal efficiency criteria.
- Pellet stoves: An 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.
Many of these technologies are also eligible for tax incentives. Visit the Rewiring America incentive calculator for detailed information.
Learn more about these opportunities on VEC's Energy Transformation incentives page 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, affordable, reliable and sustainable electric service to approximately 33,000 members in 75 communities in northern Vermont. Operating with a 100 percent carbon-free annualized 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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