This section provides information on the types of funding currently available through the Clean Energy Development Fund. If you would like to look at example feasibility studies / projects or listings of completed projects, please choose from the sub-menu to the left.
1. Wood stove Change-out Program (The Change-out Program is now closed. The $225,000 allocated to this program has been fully allocated )
2. Small-Scale Renewable Energy Incentive Program
The Vermont Small-Scale Renewable Energy Incentive Program provides incentives for qualifying advanced wood pellet (and chip) boilers and solar hot water systems. The program is administered by the Renewable Energy Resource Center (RERC) (under contract with the CEDF), incentive applications and complete program information can also be obtained at their web ste: www.rerc-vt.org. The RERC can also be reached at 1-877-888-7372.
The wood heating incentives for residential, commercial, and non-profit institutional are outlined in this table:
Heat Saver Loan Program
The CEDF is supporting the Department's Heat Saver Loan, a finance product available to help Vermonters install renewable energy and complete energy efficiency upgrades in their homes. The loan offers attractive financing for homeowners looking to overcome up-front expenses to upgrade energy equipment and save money. Current interest rates range from 0% to 4.99%, based on an applicant’s household income and loan terms.
- Simple one-page application (“Project Verification Form”)
- Approval may be provided in as little as 2 business days
- Low interest rates
- Loan lengths are flexible, to match loan payments to energy savings
- Energy savings count in determination of ability to pay
- Can be combined with Efficiency Vermont and CEDF rebates (including rebates for heating systems)
- Solves the issue of how to pay for the work and allows contractors to focus the customer’s attention on a project start date
If you would like to learn more about this program, please click here.
1. Vermont Business Solar Energy Tax Credit
In 2010 the Vermont Business Solar Energy Tax Credit, which was a tax credit equal to 100% of the Federal Investment Tax Credit was terminated. This credit cannot be claimed for projects that were not certified by the CEDF in 2010.
2. Vermont Investment Tax Credit
The Vermont Investment Tax Credit, which includes business investments in solar (PV and hot water) systems that are eligible for the Federal Investment Tax Credit (ITC), is still available. The credit can only be claimed by individuals (despite being a credit for business investments) and is equal to 24% of the Federal ITC claimed (Federal ITC is currently 30% and thus the Vermont ITC is worth 7.2% of the eligible costs of the solar system).
We no longer offer loans, but we do support loans for renewable energy projects through three different credit enhancement programs. These two are found above.