On a first-come, first-serve basis, participants in Zero Energy Now can receive substantial incentives and tax credits, depending on the combination of improvements. All projects must be completed by December 31, 2022. The Zero Energy Now technical director and program administrators can review all of these with you, but the major ones include:
For projects using the Modeled Approach, up to $5,000 is available. For projects using the Checklist Approach, up to $3,000 is available (with an additional $500 available if water heating is also addressed).
Additional incentives include $3,000 for income-eligible customers (for up to ten customers) and up to $1,000 for a home electric car charger. Incentives are made possible through non-profit and private foundation support.
Funding is available via a first-come, first-serve approach for as long as funds are available.
Income Eligibility Application and Form (to be filled out by customer)
SECOND: Federal tax credit
— A 30% of project cost tax credit for installing solar panels
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 the Zero Energy Now Program Coordinator.
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 protected]
Or by mail to: Zero Energy Now program administrator
P.O. Box 202
Hinesburg, VT 05461