Vermont is continuing a positive solar trend found in many other states in the Northeast. In fact, the state now ranks 25th across the nation with a total of 288 megawatts of installed solar capacity. This is enough electricity to satisfy the needs of 54,000 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 68 megawatts of solar was installed in the state in 2018. Vermont claimed the 23rd spot for solar installations for that year.
- There are more than 83 solar companies doing business in Vermont. They are actively employing about 1,229 people.
- Prices for solar have dropped 47 percent through the last 5 years.
- $88 million of solar investments were made in 2018. The grand total for the state now sits at $591 million.
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. Two more notable installation are the Elizabeth Mines Solar 1 project and the Next Generation Solar Farm, which come in at 5 megawatts and 2 megawatts, respectively. Together, they can power more than a thousand homes.*
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 “blended 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 41 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.