Cost & Savings Breakdown
Based on $150/month electric bill in Bennington
System Size
7.2 kW
Annual Production
7,935 kWh
Gross System Cost
$24,314
Federal Tax Credit (30%)
-$7,294
State Incentive
-$1,000
Net Cost
$16,019
Monthly Savings
$122
CO₂ Offset/yr
7,300 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityGreen Mountain Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.184/kWh
Peak Sun Hours3.8 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Vermont State Incentive — Vermont offers a sales tax exemption and a net metering credit program.
Common Questions
How much does solar cost in Bennington?
Solar in Bennington, Vermont costs approximately $24,314 for a 7.2 kW system. After the 30% federal tax credit, your net cost is about $16,019.
What is the solar payback period in Bennington?
The estimated payback period for solar in Bennington is 11 years, based on a $150/month electric bill and local sun hours of 3.8 hrs/day.
Does Green Mountain Power offer net metering?
Green Mountain Power offers Full Retail net metering. Full retail rate.