Home-state program features Vermont manufactured
On Feb. 26 Vermont solar manufacturer and the largest developer of
solar in the state, AllEarth Renewables, announced a new program to
finance solar at no cost to homeowners, businesses, non-profits,
and public institutions.
The residential lease is unique in the state by offering a no
cost lease for homeowners to net meter with solar at or below their
electric rates and be given the opportunity to fully own the system
at a significantly reduced cost after 7 years. These projects
will consist of between 1 to 4 Vermont-manufactured AllSun solar
The community-scale solar lease features a similar no-cost
program but with a guaranteed electric bill savings of 10 percent a
year for larger customers, such as businesses, non-profits,
schools, municipalities, and other institutions. These projects
will consist of 10 trackers or more and can cover all or a
percentage of the customer's annual electricity demands.
The lease payments under both options in this "home state"
program will be at or below the customer's electricity savings,
producing a zero net-cost agreement.
This type of third-party financing model now makes up the
majority of solar installation nationally, but isn't normally
available throughout smaller markets like Vermont.
"As a local manufacturer, we are excited to again be able to
offer to our Vermont customers a financing option for residential,
business and community projects, giving them the opportunity to net
meter their energy and produce immediate savings on their electric
bills," said David Blittersdorf, President and CEO of AllEarth
The new program mirrors one that AllEarth Renewables offered in
past years, which financed more than $18 million in residential
installations and solar orchards for businesses and communities
around the state. The company has more than 1,800 AllSun Trackers
in Vermont alone and is an Inc. 500 company for fastest growing
The solar projects will all feature the dual-axis AllSun
Tracker, which was designed and is manufactured in Williston, Vt.
and produces up to 45 percent more energy than fixed rooftop solar
by tracking the sun each day. The tracker won a Green Product of
the Year award in 2012.
At the end of last year, AllEarth Renewables partnered with
Green Lantern Capital, National Life, Green Mountain Power, to
finance projects for the City of Rutland, Cold Hollow Cider Mill in
Waterbury, Woods Market Garden in Brandon, and the Town of
AllEarth Renewables has provided solar to Vermont companies such as
Concept2, Small Dog Electronics, Green Mountain Power, and the
Merchants Bank, Vermont institutions like Middlebury College and
the University of Vermont, the municipalities of Starksboro,
Hinesburg, and Rutland, and to hundreds of Vermont homeowners.
For more information visit: