Vermont is continuing a positive solar trend found in many other states in the Northeast. In fact, the state now ranks 23rd across the nation with a total of 107 megawatts of installed solar capacity. This is enough electricity to satisfy the needs of 19,000 homes.
Gain access to a trusted solar panel installer in Vermont by filling out the form on this page. Read further for info about the state’s solar industry.
Here are some key numbers about Vermont’s solar installation activity to date;*
- A total of 43 megawatts of solar was installed in the state in 2015. Vermont claimed an impressive 15th spot for solar installations for that year.
- There are more than 77 solar companies doing business in Vermont. They are actively employing about 1,400 people.
- Prices for solar are about 6% lower than the previous year.
- $106 million of solar investments were made in 2015. This is an impressive increase of 39 percent from 2014.
Large scale installations in Vermont include the PSEG Essex Solar Energy Center and SunGen1. These two installations provide about 7 megawatts of solar power – enough to supply about 1,200 homes with electricity. Larger installations have been proposed but yet to be approved.*
The Green Mountain State has a very good net metering program. There’s no cap on system sizes for residential use (500 kilowatts is the general cap in the state). Solar customers are compensated at the retail rate for excess generation. In addition to that, the state also provides an “adder”. It adds the difference of the retail rate that a homeowner pays for utility electricity and $0.20/kwh as an additional compensation. For example, if a resident with solar pays $0.15/kwh for utility energy, that person will get an addition $0.05/kwh.**
The state’s Renewable Portfolio Standard is very progressive. It is required of utilities to provide 75 percent of their production from renewable sources by 2032. The state will already be at 55 percent by 2017. Of course, hydroelectricity plays a significant role in meeting this goal.**
Vermont’s more than 33 solar panel contractors can be found throughout this relatively small state. Solar installers service Montpelier, Burlington, Barre, Newport, Rutland, Hartford, Essex, Colchester, and Bennington to name a few.
Fill the form on this page to get connected to a trusted installer in Vermont today.
*Information and figures gathered from seia.org.
**Information and figures gathered from dsireusa.org.