REV Blog

Latest News

“The Big Bill” (H.740): Climate Investments in the FY ‘23 Budget

by | May 16, 2022

With a big thanks to VPIRG’ Ben Walsh for pulling this together so soon after adjournment, below is a list of the record climate change-related spending that the Vermont Legislature passed as part of its budget bill (H.740). This bill has not yet been signed by Governor Phil Scott.

Climate Investments Summary

Low Income Weatherization Program:

$45,000,000 for the Home Weatherization Assistance Program run by the Office of Economic Opportunity and the Community Action Agencies. Sec. G.600(a)(1)

  • Should impact 3,500-4,000 homes

Moderate Income Weatherization:

$35,000,000 for weatherization for Vermonters with moderate incomes, through Efficiency Vermont. Sec. G.600(a)(2)

  • Should impact 8,000-9,000 homes

Home Electrical System Upgrades:

$20,000,000 for “financial and technical assistance for low- and moderate-income Vermonters to upgrade home electrical systems to enable installation of energy saving technologies,” through the Clean Energy Development Fund at the Department of Public Service. Sec. G.600(a)(4)

  • Could impact between 5,000-20,000 Vermonters

“Switch & Save” Heat Pump Water Heater Program:

$5,000,000 to create a “Switch & Save” program to allow low- and moderate-income Vermonters to install heat pump water heaters at low- or no-cost, through the Clean Energy Development Fund at the Department of Public Service. Sec. G.600(a)(4)

  • Should impact between 1,200-2,000 homes

Load Management and Storage:

$2,000,000 for load management and energy storage for low- and moderate-income Vermonters, smaller electric utilities, and municipalities, through the Department of Public Service. Sec. G.600(a)(5)

Advanced Metering Infrastructure:

$8,000,000 for matching funds for Advanced Metering Infrastructure for rural and municipal electric utilities, through the Department of Public Service. Sec. G.600(c)

  • $8,000,000 with a 70% match.

Municipal Energy Resilience:

$45,000,000 to support municipalities with technical assistance, energy assessments and municipal weatherization, fuel switching and other potential energy-saving and resilience measures. This includes $36,600,000 in direct grants to municipalities for this work of up to $500,000. G.600(d)

  • Would impact 73 municipal buildings if every grant is the max of $500,000

Electric and High-Efficiency Vehicle Incentives:

Expands the suite of vehicle incentives by investing:

  • $12,000,000 in Incentive Program for New PEVs.
    • 3200 incentives
  • $2,000,000 in Drive Electric Vermont.
  • $3,000,000 in MileageSmart.
    • 550 incentives
  • $3,000,000 in Replace Your Ride Incentives.
    • 850 incentives
  • $50,000 in e-bike incentives
    • Could be up to 200 incentives depending on the new formula

Electric Vehicle Supply Equipment (EVSE) Grants:

Expands the existing EVSE Grant by investing:

  • $10,000,000 in Level 1, 2, and 3 EVSE dwellings, workplaces, and community attractions. Sec. G.600(b)(1)
    • No less than 30% of the $10,000,000 appropriated in this bucket will go to Level 1 and Level 2 EVSE deployment in multi-unit dwellings. Additional detail in Sec. E.903.
    • 1200 L2 chargers, including 400 at MUDs (assuming $7k/charger, all L2 and no L3, and no match)
  • $2,000,000 for public EVSE along highway networks. Sec. G.600(a)(3)
    • 25 L3 chargers (80 including funding in t-bill) (assumes $65k/charger, no match)

Note also that $4,250,000 in state and federal transportation funds are dedicated in the Transportation Bill for Level 3 EVSE along the State highway network, in addition to the $2,000,000 in Sec. G.600(a)(3) of the budget.

Language in the budget and the T-bill also ties the pace of deployment of these vehicle and EVSE incentives and grants to the Global Warming Solutions Act’s requirements, and makes sure that outreach and translation services are funded to advance equitable access to these programs.

Innovation in Transit

  • $1,200,000.00 to continue fare free transit in urban routes. This authorization will allow public transit providers to, as practicable, provide zero-fare public transit on routes other than commuter and LINK Express and restore service to pre-COVID19 levels.
  • $1,500,000.00 for Mobility Transportation Innovation Act This authorization continues to support projects that improve both mobility and access to services for transit-dependent Vermonters, reduce the use of single-occupancy vehicles, and reduce greenhouse gas emissions. No less than $1,250,000.00 of this authorization shall go towards microtransit projects.

*This summary reflects significant, new FY 23 climate mitigation commitments in the FY23 budget bill — above and beyond baseline funding for programs like low-income weatherization and multi-year funding appropriated in the 2021 legislative session.


Join REV today

Subscribe to our newsletter and join the renewable energy revolution!

Subscribe to our mailing list and we'll send you monthly updates on renewable energy news and events in Vermont.

Share This