Cost & Savings Breakdown
Based on $150/month electric bill in Essex Junction
System Size
6.6 kW
Annual Production
7,725 kWh
Gross System Cost
$22,487
Federal Tax Credit (30%)
-$6,746
State Incentive
-$1,000
Net Cost
$14,741
Monthly Savings
$122
CO₂ Offset/yr
7,107 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$0.189/kWh
Peak Sun Hours4 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 Essex Junction?
Solar in Essex Junction, Vermont costs approximately $22,487 for a 6.6 kW system. After the 30% federal tax credit, your net cost is about $14,741.
What is the solar payback period in Essex Junction?
The estimated payback period for solar in Essex Junction is 10.1 years, based on a $150/month electric bill and local sun hours of 4 hrs/day.
Does Green Mountain Power offer net metering?
Green Mountain Power offers Full Retail net metering. Full retail rate.