Summary of Investment Plan
Title 30 V.S.A. § 235 directs proceeds from Vermont's sale of RGGI allowances to programs that support whole building heating and process energy efficiency and facilitate appropriate fuel switching. Half of these programs are tailored to benefit low-income residential consumers.
Investment Highlights
A few examples of the programs being funded with Vermont's RGGI proceeds include:
- The Vermont Community Energy Mobilization Project, a volunteer-based program to install simple, cost-effective energy-saving measures in homes across the state. Through 2010, more than 500 volunteers visited approximately 1,100 homes in Bennington, Brattleboro, Shelburne, Charlotte, Underhill, and 14 towns in Rutland County. Over the first two years of the program, the installed measures saved an estimated total of 590,000 kilowatt-hours of electricity and 1,750 MMBTU of heating energy.
- Vermont has also invested RGGI proceeds to provide improved incentives for comprehensive residential retrofits through Efficiency Vermont's Home Performance with ENERGY STAR service. Funds have enabled Efficiency Vermont to provide improved incentives of up to $2,500 for comprehensive retrofits that address both electric and non-electric energy efficiency needs.
- In addition, in 2009, Vermont invested RGGI proceeds to provide improved incentives for energy efficiency retrofits to lower and middle-income families.
More Information
For more information on Vermont's investment of auction proceeds, please see:
Information related to the Public Service Board's authority regarding the auction of allowances and distribution of revenues can be found at:
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