CESA Member Vermont
Vermont's Clean Energy Development Fund (CEDF) was established in 2005 to promote the development and deployment of cost-effective and environmentally sustainable electric power and thermal energy resources for the long-term benefit of Vermont consumers, primarily with respect to renewable energy resources.
The vision for the CEDF is to serve the citizens of Vermont by increasing local, small-scale renewable energy generation while maximizing associated economic development. The CEDF coordinates with other State programs and private entities to integrate and advance renewable energy across all sectors of the state’s energy economy.
Under the vision is the primary goal of increased renewable energy generation in Vermont (thermal and electrical). Supporting the primary goal are three objectives:
- Advance Economic Development of the renewable energy sector of the economy
- Increase Cost Effectiveness of renewable energy
- Decrease Environmental Impacts of Vermont’s Energy Use
From its establishment to 2012, the CEDF has been supported via annual payments from Entergy (which owns the Vermont Yankee nuclear power plant). In return, Entergy is permitted to store its own spent nuclear fuel at the Vermont Yankee.
Historically, the CEDF has focused on a set of core tools, including rebates offered through the Small Scale renewable Energy Incentive Program (SSREIP), competitive grants, and targeted loans. After the strategic planning process in 2012, the CEDF transitioned away from loans and instead initiated efforts to support financial products offered by the private market for renewable energy projects. During this time, the CEDF has continued to use the SSREIP rebates as its primary program to effect change. The CEDF reduced the use of competitive grants for installations in favor of working to fill gaps in select markets where an identified barrier stymies growth. For example, the CEDF is working to help develop model solar contracts and guidance for use by municipalities and schools in order to lower the soft costs and increase the local benefits of these community projects.
- Power to the People: Envisioning Rutland as 'Energy City of the Future'
- ESTAP Promotes Innovative Solar + Energy Storage Microgrid in Central Vermont
- Vermont Introduces Community Solar Financing
- ESTAP Webinar: A Solar Storage Microgrid for the Energy City of the Future
- Webinar - The New England Solar Cost-Reduction Partnership: Results and Lessons Learned
- Webinar: Vermont’s New RPS