Save now with the new incentive of an average of $5,000 off of a new Wood Pellet Boiler system through 12/31/16!
When you choose advanced Wood Pellet Heating, you are choosing a renewable, sustainable, and efficient option. Wood pellets are made from low grade trees and forest industry waste such as sawdust, chips, and shavings. Trees used to make wood pellets naturally regenerate and replenish, continually adding to the health and value of our forests. Additionally, harvesting low grade timber for wood pellets helps maintain the biological diversification and productivity of our forests. At over 65% sustained efficiency, advanced Pellet Boilers are as efficient as new fossil fuel systems, but with more to offer. Click here for a printable flyer.
How it Works
Advanced Wood Pellet Heating is the phrase used to describe the latest best-of-class technology in wood pellet heating. We’re talking whole home heating, not a stove that heats one or two rooms: A modern, state of the art boiler system that is thermostatically controlled, high efficiency and ultra-low maintenance. Combined with a bulk pellet system where a truck delivers directly to a pellet storage bin, internet monitoring, and a support network of trained installation professionals; advanced Wood Pellet Heating gives piece of mind.
You’re also choosing to source your energy locally, which provides local forest, manufacturing, and transportation jobs. This makes advanced Wood Pellet Heating the right option for you, and for your community. And with wood pellets saving home and business owners between 40% and 60% off their fossil fuel heating bills, it’s the economic, choice too. Combine that with the incentives available, and financing a wood pellet boiler has never been more affordable.
What it Costs
The average wood pellet boiler system averages around $15,000 with system design, equipment, and installation.
The Clean Energy Development Fund (CEDF) incentive amount of $2,500, and the Efficiency Vermont incentive amount of $2,000, is a total incentive amount of $4,500! But wait — there’s more! The CEDF incentive includes a Thermal Efficiency Adder of $500! This adder will be added to the base incentive if a professional thermal audit is completed on the building. If the building has already had an audit, up to $500 can be added to the base incentive if energy efficiency thermal measures identified in the audit (up to 30% of the cost) were completed.
Additionally, the CEDF incentive program has an option of an additional $500! Create a Pellet Storage Adder of $500 for pellet storage systems that have at least 20 days of storage under peak load conditions (base incentive will still require pellet storage of 14 days).
What’s the Bottom Line?
$ 15,000 – Average Gross cost of installed system
-$5,000 – CEDF’s Incentive + Efficiency Vermont Incentive (up to $5,500 with two adders)
$ 10,000 – Estimated final system cost
In addition to the incentive, use the below options to make your Modern Wood Pellet Boiler even more affordable!
Northern Forest Center
NEK Model Neighborhood Project provide incentives of $1-5,000 (sliding scale based on income) to residential systems located in the Northeast Kingdom (Orleans, Essex and Caledonia Counties). Detailed information and an application can be found at: https://northernforest.
PACE Program: Property Assessed Clean Energy
PACE can help homeowners overcome financial obstacles to investing in energy improvements to their homes. Unique from traditional financing mechanisms, PACE includes the proposed energy savings provided in the estimated cash flow analysis as income when being considered for approval. By linking the improvements with the property rather than the individual, it allows financing to be transferable to a new homeowner before the assessment has been paid off. This ensures that homeowners make an investment that will serve them in the short term and serve future residents of the home through lower energy bills and improved comfort. Alternatively, PACE financing can also be paid off in full at any time. Read more about PACE here.
Heat Saver Loans through VSECU and Opportunities Credit Union
The new Heat Saver Loan is available to residential customers who are looking for an easy, affordable way to finance a home heating or thermal envelope upgrade, including domestic solar hot water and pellet heating system installations. When the customer finances his or her energy-efficient upgrade with the Heat Saver Loan, they can use the savings generated by their upgrade to help repay their loan. You may also contact EVT customer service at 888-921-5990.
VT Community Loan Fund
For both Commercial and Institutional, the VT Community Loan Fund has a targeted Food & Forest Fund for loans up to $350,000 that could include wood heating equipment/systems for businesses in the Food, Forest and Farm sectors (farms and agricultural operations, food producers, incubators, wholesalers and retailers including grocery stores, co-ops, CSAs and farmers markets, forestry and forest product enterprises, stewardship and other natural resources organizations). Go to: http://www.investinvermont.org/borrowers/small-business/the-food-farms-forests-fund
Will it work at my house?
Homeowners and business owners can consult the REV Wood Pellet Boiler members, a list of qualified REV members who can answer your questions and help inform you of what will work best for you. Here, you can read more about the eligibility requirements. Additionally, see the RERC’s Vermont Small Scale Renewable Energy Incentive Program FAQ page for more details.
Installed price of system in your house may vary due to material, labor and type of wood pellet boiler. The Bottom Line is an estimate out of pocket expense.
Last updated August, 2015