The state of Vermont has set a goal of meeting 90 percent of energy needs across all sectors from renewable sources by 2050.
The Vermont Department of Public Service and its Clean Energy Development Fund (CEDF) seek proposals from qualified financial institutions with a physical presence in Windham County that offer loans to residential customers interested in development of the Windham County Solar Finance Program.
The solar finance program seeks to accelerate the deployment of solar energy technologies including solar photovoltaics and solar hot water in Windham County.
This program will provide an opportunity for one or more private lenders to initiate new - or to expand their existing - lending activities to homeowners in Windham County seeking to finance installing residential solar systems.
This initiative will help award recipients to gain or increase exposure to the growing solar market, and learn more about how to expand lending for clean energy to serve homeowners in southern Vermont. The intended results include increased rates of investment in solar systems, increased supplies of net-metered renewable power, and greater confidence among financial institutions leading to more participation in this market segment.
In addition, increased investment in residential solar technologies will support the growth of jobs and economic opportunity in Windham County, a primary interest of the CEDF under this program.
Print and electronic copies of proposals must arrive at the Public Service Department by Tuesday, Dec. 23, at 4 p.m.