For a limited time, participants in Zero Energy Now can receive substantial incentives and tax credits, depending on the combination of improvements. Your CEC can review all these with you, but the major ones include:
FIRST: Zero Energy Now program
Up to $5,000 additional Zero Energy Now program incentives are available (up to $8,000 for income qualifying customers), made possible through non-profit and private foundation support. Enrollment for the Zero Energy Now program (both the base amount and the additional low- to moderate- income additional incentive of $3,000) are available on a first-come, first-serve basis until ten projects have enrolled. Enrollment for this offer expires December 31, 2020, (all forms and contracts must be signed) but the construction work can be completed in 2021.
Zero Energy Now Incentive Payment Request Form (to be filled out by contractor, and signed by both contractor and customer)
Income Eligibility Application and Form (to be filled out by customer)
SECOND: Federal tax credit
— A 26% of project cost tax credit for installing solar panels in 2020 (22% in 2021)
— $300 tax credit for heat pump water heaters (set to expire 12/31/2020)
— Up to $500 tax credit for insulation improvements (set to expire 12/31/2020)
THIRD: Efficiency Vermont opportunities, including:
— Rebates for home weatherization
— Rebates for high-efficiency equipment
FOURTH: Electric utility incentives
Contact your electric utility to find out about other potential incentives! Many, though not all, Vermont utilities are offering additional incentives for products like heat pumps – be sure to check!
After you have tallied up your available incentives and tax credits listed above, net these out from your contractor’s quote to determine the final cost of the project. Interested in great interest rates for clean energy loans? Then…
FIFTH: Learn about the Home Energy Loan
Efficiency Vermont is offering 0% interest financing for low and moderate income Vermonters, plus first six months of payments covered for a limited time.
Please note: Rebate levels have changed and will likely change again. Visit the websites linked above for more information or ask your CEC.
Ready to Start Saving?
To qualify for the Zero Energy Now program, your contractor will need to know all of your energy use (electric, natural gas, propane, heating oil, wood) in order to design a project that addresses your specific property. Please also fill out the:
Fuel Release Authorization Form (to be filled out by the customer)
And send via e-mail to: email@example.com
Or by mail to: Zero Energy Now program administrator
P.O. Box 587
Hinesburg, VT 05461
For more information or to get started, please call us at 802-825-9515 or email firstname.lastname@example.org.