What is the Vermont Small Scale Renewable Incentive Program?
The Vermont Solar and Small Wind Incentive Program was originally established pursuant to Renewable Energy Legislation passed by the Vermont State Legislature during the spring of 2003 and signed into law by Governor Douglas on June 17 th , 2003. The initial program, which funded the installation of more than 220 renewable energy systems, was fully subscribed in the summer of 2004, with all installations completed by the summer of 2005. A second round of funding for solar installations was made available in September, 2005. These funds came from Central Vermont Public Service (CVPS) and Green Mountain Power (GMP) through monies that the two utilities received from the Nuclear Electric Insurance Limited (NEIL) and the American Nuclear Insurers (ANI) funds due to the sale of their interests in the Vermont Yankee Nuclear power plant. Combined with funds unspent from the first round, this money will support the installation of roughly 110 additional solar systems and was fully reserved by
