2023 REBATE/INCENTIVE PROGRAMS
Stowe Electric continues to partner with Efficiency Vermont to provide a robust incentive program that offers customers rebates towards the purchase and installation of technologies that help reduce fossil fuel consumption.
HEAT PUMPS
Decarbonizing Vermonters' heating needs will help us exceed Vermont's carbon emissions reduction goals. Heat pumps, mini-split or cold climate heat pumps, air-to-water, heat-pump water heaters, ground-sources (geothermal) and whole building heat pumps, are used to cut reliance on heating oil or propane.
Stowe Electric provides different rebates for Heat Pump technology.
Stowe Electric Department and Efficiency Vermont Joint Heat Pump Program
Customers will receive a rebate through Efficiency Vermont and Stowe Electric’s joint offering for each eligible heat pump purchased and installed in 2023. Through our partnership with Efficiency Vermont, customers that purchase a qualified ductless or ducted cold climate heat pump, air-to-water heat pump, heat-pump water heater, whole-building heat pump, and ground-source (geothermal) heat pump are eligible for a point-of-sale discount.
Please visit Efficiency Vermont for more information: https://www.efficiencyvermont.com/products-technologies/heating-cooling-ventilation/heat-pumps.
Stowe Electric and Efficiency Vermont also offer an additional rebate for income-eligible Vermonters. You can find more information on the Efficiency Vermont website: https://www.efficiencyvermont.com/services/income-based-assistance.
ADDITIONAL INFORMATION
Unsure if a cold-climate heat pump is right for you? See Efficiency Vermont’s answers to some common questions. Call Efficiency Vermont at (888) 921-5990, or call Stowe Electric at (802) 253-7215 to speak to a representative.
Ready to take the next step?
Learn more about heat pumps from Efficiency Vermont.
Search Efficiency Vermont’s list of certified installers.
Search and compare qualifying products at Northeast Energy Efficiency Partnerships.
Learn the top eight ways to NOT use a heat pump (PDF)
electric vehicles
Vermonters travel a lot by vehicle. Transportation makes up roughly 47% of Vermont’s greenhouse gas emissions. Electric vehicles offer a real opportunity for Vermonters to cut their fossil fuel usage and cost less to operate and maintain than a traditional vehicle.
Thankfully, the State of Vermont and Stowe Electric are offering incentives that will help make the switch to an EV a little more affordable. Switching to an EV will help to cut your emissions and the cost of your commute.
stowe electric after purchase incentive
Stowe Electric is offering the following incentives toward electric vehicles.
|
Purchase/Lease Rebates for New EVs |
Purchase Rebates for Pre-Owned EVs |
|
$750 All-Electric |
$300 All-Electric |
|
$750Plug-In Hybrid |
$300 Plug-In Hybrid |
Any income-eligible customer who purchases a qualifying new or used all-electric or plug-in hybrid vehicle in 2023 is eligible for an additional $300.00.
State of Vermont incentive offering
The State is offering incentives to Vermonters for the purchase or lease of an EV. Please visit Drive Electric Vermont's website for more information.
The MileageSmart program provides low and moderate income car buyers an incentive covering 25% of the upfront cost of a used high efficiency vehicle, up to $5,000. Learn more and access application instructions at MileageSmartVT.org.
The Replace Your Ride program is a limited-time incentive program to consumers who scrap their old Internal Combustion Engine (ICE) vehicle in favor of a new or used plug-in electric vehicle or a pre-paid clean mobility card. The rebate amount for this program has been designated at $3,000 for each eligible scrapped ICE vehicle. https://vtrans.vermont.gov/planning/projects-programs/vehicle-incentives.
federal tax credit and other offerings
You may qualify for up to $7,500 in federal tax incentives depending on the size of the battery and your annual tax liability. There are also incentives available directly from some automakers and auto dealers.
ev info and resources
Drive Electric Vermont is a great resource to help you decide if an electric vehicle is right for you and can answer important questions, including:
- Comparisons of different models
- Estimate how much owning and operating an AEV or PHEV would cost compared to a gas vehicle
- Electric Vehicle Incentive Calculator
- The other benefits of electric vehicle ownership
- Find public charging stations across the state
http://mydocs.epri.com/Docs/public/EPRI-ConsumerEVBroch2021-20210629-ForWeb.pdf
https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/13/fact-sheet-the-biden-harris-electric-vehicle-charging-action-plan/
wood and pellet heating
Efficiency Vermont offers an instant discount for replacing an old wood or pellet stove. Visit here for more information: https://www.efficiencyvermont.com/rebates/list/wood-stoves and for central wood pellet furnaces and boilers visit here: https://www.efficiencyvermont.com/products-technologies/renewable-energy/advanced-wood-heating.
New high-efficiency wood and pellet heating can be a good option to reduce heating oil or propane costs. Wood heat can also pair nicely with electric heat pump technology.
Efficiency Vermont and Stowe Electric are working on an updated incentive program that is coming soon
Click here for a list of qualifying pellet stove models.
Learn why the Vermont Department of Forests, Parks, and Recreation supports wood heating.
The US Department of Energy explains some of the benefits of choosing wood pellet heating.
Equitable Opportunity
In addition to each incentive offering, income eligible customers are eligible for an additional monetary incentive to encourage the installation and purchase of electrification technologies. Eligibility is based on State income requirements and are intended to support people on fixed incomes facing financial constraints that might not make electrification projects a priority. This offering is to help all customers transition from fossil fuel sources when their financial resources allow. Please contact us directly or visit Efficiency Vermont for more information: https://www.efficiencyvermont.com/services/income-based-assistance
weatherization
Modernizing or updating the weatherization of your home or office is an important step to maximize the benefits of electrification projects or solar generation and reduce fossil fuel consumption. Weatherization can reduce heating, cooling, and electricity costs, improve the comfortability and indoor air quality of your rooms, and can add value to your property.
Efficiency Vermont offers incentives for weatherization projects, here: https://www.efficiencyvermont.com/services/renovation-construction/weatherization;
https://www.efficiencyvermont.com/rebates/list/diy-weatherization;
https://www.efficiencyvermont.com/products-technologies/insulation-windows-doors
Financing options are available here:
https://www.efficiencyvermont.com/services/financing/homes
Income-eligible customers can receive more information and assistance here:
https://dcf.vermont.gov/benefits/crisis-fuel
Federal assistance:
https://www.hud.gov/states/vermont/renting/energyprgms
https://www.energystar.gov/products/energy_star_home_upgrade
https://www.irs.gov/pub/irs-pdf/f5695.pdf
State: Vermont Office of Economic Opportunity assistance and information, 802-241-2453 or https://dcf.vermont.gov/benefits/weatherization
https://energysaver.vermont.gov/weatherization
https://dcf.vermont.gov/benefits/fuel-assistance
County: Lamoille County Capstone Community Action assistance, 1-800-639-1053 or https://capstonevt.org/weatherization/weatherization
Town of Stowe Energy Committee offers education and information: https://www.townofstowevt.org/index.asp?SEC=60C56184-B0F9-457F-9201-EF0DA8CB89DA&Type=B_BASIC
level 2 ev charging stations
Stowe Electric is offering a rebate for Level 2 charging stations that are installed at a workplace, public building or parking lot, or commercial location and available for customers, visitors, and public users.
Level 2 stations are eligible for a $250 rebate per charger if they are available to public users, employees, or visitors, but are not networked to any operations and maintenance agreement or fee-based pay portal.
Level 2 stations are eligible for a $500 rebate per charger (maximum of $2,000 per year per customer) if the stations are available to public users and connected to a network with an operation and maintenance portal and/or fee-based portal. These stations can limit public charging to a defined time-period during normal business hours and after-hours.
If you are a commercial customer or property owner interested in offering publicly available chargers or networked chargers under Stowe Electric’s charging infrastructure turnkey partnership program, then please contact Stowe Electric for eligibility and additional incentives.
EV Charging Info and Resources
Level 1 (120 volts)
- A charger that uses standard 120-volt outlet
- Typically, won't require modifications to your electric panels or home wiring.
- Speak with an electrician to confirm that your home's electrical panel is at least 15 or 20-amp
- Most plug-in hybrid EVs take 4 - 6 hours to fully charge.
- An all-battery electric vehicle takes 12 - 24 hours to fully charge.
Level 2 (240 volts)
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- A charger can increase the charge power 2-4 times and decreases the typical full charge time for an all-battery electric vehicle to 4 -8 hours.
- Will likely require a new dedicated circuit from the electric panel to a wall location near the EV parking spot.
- Please consult with a licensed electrician to verify that your home has a two-pole 30 to 50-amp electrical circuit breaker panel and Stowe Electric to verify that an upgraded service is not needed.
https://www.veda.org/financing-options/other-financing-option/state-infrastructure-bank-program/
https://accd.vermont.gov/community-development/funding-incentives/electric-vehicle-supply-equipment-evse-grant-program
Click here to learn more about Electric Vehicle Charging Equipment from Drive Electric Vermont.https://www.driveelectricvt.com/charging-installation-guide
Level 3 (DC Fast-charging) ev charging stations
Stowe Electric is offering an incentive for customers buying and installing a Level 3 (DC Fast Charger) and is committed to assisting customers with the installation process. Because of the technology and upgrades typically involved in these stations, Stowe can offer an additional incentive as a custom project.
Please contact Stowe Electric at 802-253-7215 if you are a commercial customer or property owner interested in this incentive offering.
https://www.efficiencyvermont.com/products-technologies/transportation-efficiency/electric-vehicle-charging
electric lawnmowers and lawncare products
Stowe Electric customers that purchase a qualifying residential or commercial lawnmower may be eligible to receive a direct rebate of $75.00 for a residential or $1,250.00 for a commercial lawnmower. 2023 form.
Stowe Electric is also offering rebates of $25.00 for residential and $75.00 for commercial customers purchasing qualified electric products such as trimmers and blowers.
Click here to learn more about the benefits of electric lawnmowers.
e-bicycles
Our new e-bike program was successfully launched in 2021. Stowe Electric will continue to offer a rebate for the purchase a qualifying Class 1 e-bike.
E-bikes utilize rechargeable lithium-ion battery packs to power a motor that provides pedal assistance to the rider. E-bikes offer users the opportunity to reduce combustion engine vehicle miles and reduce greenhouse gas emissions.
Click here and here to learn more about e-bikes.
