Recent Announcements

July 18, 2021. Request For Information Released

The Public Service Department released a Request For Information (RFI) regarding the design and implementation of an Affordable Community-Scale Renewable Energy Program (Program). The Program was created by the Vermont General Assembly in Act 74 of the 2021 legislative session. Act 74 appropriates $10 million to the Department of Public Service (Department) for the Program to “support the creation of renewable energy projects for Vermonters with low-income” and stipulates that the Program shall be developed “consistent with the parameters of the Clean Energy Development Fund". Responses to this RFI are due Wednesday August 18, 2021.

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July 2, 2021. CED Board Approves Fiscal Year 2022 Program Plan & Budget

The FY ’22 plan does not include the federal ARPA money appropriated to the PSD for CEDF clean energy programs & projects. The $10 million for the Affordable Community-scale Renewable Energy Program and the $5M to be allocated by the CED Board will have a separate public engagement and decision making processes. The FY’22 Plan and Budget allocates the existing CEDF and CEDF-ARRA funds that, mostly, are committed to existing grants, obligations, and programs. The CEDF is finalizing the FY’22 Plan before the ARPA funded programs are developed the ARPA funded programs as the CED Board needs to approve the FY’22 budget and plan so the CEDF can keep existing programs operating into the new fiscal year.  

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June 7, 2021.  CEDF releases the 2021 Vermont Clean Energy Industry Report.

This is the eighth annual report the CEDF has released on the state of employment in Vermont's clean energy economy. The report shows that while the Vermont clean energy industry showed signs of resiliency the loss of jobs due to the Coronavirus was pronounced across all sectors of Vermont's clean energy industry. BW Research Partnership, Inc. has conducted and written these industry reports under contract to the Clean Energy Development Fund.

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January 26, 2021. CEDF Files Fiscal Year 2020 Report with the Legislature

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January 12, 2021. CEDF Releases Residential Clean Heating & Cooling Guide

A new, free guide produced for the Vermont Public Service Department will help homeowners navigate the process heating and cooling their homes with clean energy.

Public Service Department's Press Release regarding the new Clean Heating & Cooling Guide.

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November 9, 2020. Public Comment Request on the Future of the CEDF

The CEDF and the CED Board seeks to provide information regarding the Clean Energy Development Fund and solicit comments about the future of the CEDF. The CEDF successfully designed and administered clean energy incentives and market development programs for the last thirteen years, but it will not have sufficient funds to meaningfully exist after the bulk of its existing funds are expended over the next one to two years. The Department of Public Service, though its Clean Energy Development Fund and the appointed Clean Energy Development Board, are investigating options for the CEDF including the possibility of shutting it down, and to solicit public comments and ideas regarding the future of the CEDF.

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September, 2020.  CEDF releases 2020 Clean Energy Finance Report.

In response to the COVID-19 pandemic, the CEDF directed the 2020 Clean Energy Finance Report to focus on financing programs and products that could have high impact and be relatively quick to implement. The products in this report were highlighted by a set of Vermont lenders and implementers as tools and programs that could be brought to scale swiftly. This document is intended as a high-level review of these opportunities.

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August 12, 2020.  Coal Heating Change-out Adder.   The CEDF is now offering Vermont home and business owners additional cash incentives to switch from coal to advanced wood heating. 

A homeowner that changes-out a coal stove or boiler with an eligible pellet stove or central wood heating system can receive up to 50% of the cost (or $10,000, whichever is less) as an incentive from the CEDF, including disposal costs for old coal systems. The added cash incentive is in addition to the existing $3,000 available from the CEDF for a pellet boiler/furnace. New pellet heating systems are also eligible for incentives and financing through Efficiency Vermont. Businesses can receive up to $30,000 towards a coal heating system change-out.

To qualify for the additional incentives:

  • The existing coal heater (coal stove, boiler, or furnace) must be installed and functional. The coal heater being removed must be destroyed/recycled.
  • The new advanced wood heating system installed must be eligible for the CEDF pellet boiler/furnace incentive or if it is a wood stove it must be Step Two EPA  certified with a <2.0 GPH emissions rating and an EPA rating of >70% efficient as measured by the Higher Heating Value.

For more information and to apply for this incentive go to: www.rerc-vt.org/coal-change-out

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July, 2020  The Vermont Public Service Department announces the release of the 2020 Vermont Clean Energy Industry Report, the seventh annual report describing the status and characteristics of Vermont’s clean energy industry.

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February, 2020  Bulk Pellet Storage Incentives Available.

The CEDF, through its Small Scale Renewable Energy Incentive Program, is providing a cash incentive to Vermonters that purchase an eligible bulk pellet storage bin from a Participating Vendor.

Pellet stove (must be EPA 2015 or 2020 certified), pellet boiler/furnace, and pellet sap evaporator owners are eligible to apply for a cash voucher. The voucher will cover up to $3,000 or 85%, whichever is less, of the total storage bin/materials cost (not including labor).  The program will operate on a first-come first-served basis until all funds are spent or June 12, 2020, whichever comes first. Funds remaining will be posted at www.rerc-vt.org and ample notice will be given prior to the end of the program.  

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Evaluation of CEDF's Advanced Wood Heating Programs.  Completed by the Cadmus Group, October, 2019

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This page details the announcements released by the Clean Energy Development Fund in the last 12 months. If you are looking for past announcements, please click on Past Announcements or go to the "Past Announcements" link on the menu to the left.