GMP launches programs to help customers save by expanding cost-effective solar in Vermont | Business

COLCHESTER — Green Mountain Power recently announced the launching of two programs to connect income-qualified customers with solar energy that has too often been out of reach for them.

The Shared Solar Program unlocks incentives in the federal Inflation Reduction Act to create a qualified low-income program that saves participants money. Another program, the Affordable Community Renewable Energy Pilot, will use a state grant so eligible customers can take part in new Vermont solar projects, providing them discounts for five years. Together, these new programs will help thousands of eligible GMP customers save money while growing new Vermont community solar.

The projects built for this program will be some of the first in Vermont, sparked by the renewable energy provisions of the act and state recovery funds. The utility will also look to add energy storage to the projects to create more benefits for all customers, increasing resiliency, strengthening the grid and further lowering costs.

“These projects will help thousands of Vermonters who are low income reduce their monthly energy statements by unlocking financial benefits in the federal Inflation Reduction Act, all while boosting local solar energy,” said Candace Morgan, the utility’s director of corporate and legislative affairs. “We’re looking forward to seeing strong proposals from local solar developers to make sure we can connect our customers with cost-effective solar energy and to partner with them to add storage to these projects too.”

The monthly savings for qualified customers will be in addition to discounts that customers can already receive through the utility’s energy assistance program. The funding from…

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