COLCHESTER, VT--Green Mountain Power Corp. today announced a groundbreaking new approach to accelerate the adoption of solar energy by Vermont homes and businesses.
In a request for a new service filed with the Vermont Public Service Board today, Green Mountain Power proposed the adoption of solar net metered electric rates, which are designed to make solar energy an important part of Vermont's mix of cleaner energy sources.
Green Mountain Power Chief Operating Officer Mary Powell said renewable energy sources like solar must play an increasing part in Vermont's energy future.
"This proposal will make solar energy more attractive to homeowners and businesses in Vermont," Ms. Powell said. "We are doing everything we can to encourage the adoption of solar energy. It is good for Vermont economically and environmentally."
Ms. Powell said such a change in the way Vermonters pay for solar energy could help ease congestion on power lines, delay the need for new power line construction and reduce peak energy demand in hot summer months when demand for energy is highest.
The program would work in conjunction with existing "net metering" programs in which Vermonters using solar power feed energy back into the grid when it is not needed in the home or business. Under the new solar rates program, customers would now be paid by Green Mountain Power for all solar energy generated at a rate of six cents per kilowatthour above and beyond the nearly 13 cents per kilowatt-hour net metering benefit.
The new incentive rates, if approved by the Vermont Public Service Board, would be available to all Green Mountain Power customers connected to the electric grid.
Green Mountain Power
www.greenmountainpower.biz
Comments, Pingbacks:
No Comments/Pingbacks for this post yet...
