Vermont Energy Tax Credits & Incentives

Here’s the good news. There are many tax credits, incentives and rebates now available to help pay for energy-efficiency improvements and renewable energy installations. They include both state and federal programs.

Here’s the not-so-good news: Some programs are still under development and eligibility and conditions may not be available; other programs change from time to time as funds are exhausted or reauthorized. Things get complicated.

Here are some good places to start your research

New Heating Systems

Federal Tax Credit

30% of the installed cost up to $1,500 for pellet stoves, oil boilers and oil furnaces.

Green Mountain Power Customers

$500 for replacing an old furnace with a new efficient furnace, such as the Olsen. Rebate forms are available from Efficiency Vermont or by calling the Energy Co-op.

Others

$100 from Efficiency Vermont for replacing old furnaces with new efficient units, such as the Olsen. Rebate forms available from Efficiency Vermont or by calling the Energy Co-op.

Home Energy Improvements

Federal Tax Credit

30% of the installed cost up to $1,500 for insulation, windows, doors, roofing and water heaters that meet specifications.

Efficiency Vermont Incentive

One-third of the installed cost up to $2,500 for moderate and lower income Vermonters using oil or kerosene to heat their homes for work completed by a Home Performance with ENERGY STAR contractor such as Scott Gardner at Building Energy. For more information visit Efficiency Vermont, or call them at 1-888-921-5990.

Other

Vermonters not eligible for the above incentive can receive 10% of the cost (up to $500) for work completed by a Home Performance with ENERGY STAR contractor such as Scott Gardner at Building Energy. Call Efficiency Vermont at 1-888-921-5990 for more information.

Solar and Wind

Vermont Solar and Small Wind Incentive Program

Up to $8,750 for solar and $12,500 for wind energy systems. Go to Renewable Energy Vermont or more information.

Energy Co-op of Vermont

We offer a $100 credit to members’ accounts for solar systems installed by Building Energy.

Federal Tax Credits

30% of the cost of wind, solar hot water and solar electric systems that meet federal specifications.