State Overview

Vermont

National Solar Capacity Ranking: 39th

Data Current Through: Q3 2024

 

Vermont State Solar Overview

Just The Facts

  • Solar Installed (MW):

    436

  • National Ranking:

    39th (47th in 2023)

  • Enough Solar Installed to Power:

    75,984 homes

  • Percentage of State's Electricity from Solar:

    16.39%

  • Solar Jobs:

    1,168

  • Solar Companies in State:

    76 (12 Manufacturers, 38 Installers/Developers, 26 Others)

  • Total Solar Investment in State:

    $868 million

  • Prices have fallen:

    37% over the last 10 years

  • Growth Projection and Ranking:

    153 MW over the next 5 years (ranks 49th)

  • Number of Installations:

    10,527

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Vermont State Solar Policy Resources

Vermont Energy Storage Policy and Market Overview

Vermont’s energy storage market is steadily expanding, reducing customer electricity bills, and providing grid resilience. Regulatory actions by the Public Utility Commission and legislators, utility-offered incentives, and third-party ownership models are leading the market charge.

Vermont has opted to adopt a cost-effective market approach to storage deployment, which has built the state an impressive storage arsenal. At the start of 2024, the state had 55 MW of battery storage capacity, and another 20 MW in development. Government funded feasibility studies are reducing market uncertainty, and state offered tax credits are reducing market barriers.

The establishment of various tax policies, state grant funding, and third-party ownership programs are alleviating the stress of homeowners and businesses entering the market. Green Mountain Power’s BYOD program is yielding wild success, with storage installations outnumbering solar ones in Q2 (2024). Utility grid service programs, and state tax reductions are key steps gradually advancing Vermont’s storage market and creating opportunities for cross-sectional growth.

 

Vermont Energy Storage Policy Resources