On August 19, 2020

State offers cash for coal clunkers

$10,000 for residents, $30,000 for businesses

The Clean Energy Development Fund (CEDF) announced a new program to help homeowners and businesses convert from old coal to new wood pellet heating. Beginning Aug. 12 the CEDF offers up to $10,000 to Vermonters still heating with coal and up to $30,000 for businesses. The new Coal Change-Out incentive is designed to encourage the few home and business owners in the state still using coal for heating to switch to local renewable wood pellet heating.

Andrew Perchlik, director of the CEDF, said: “We know there are still coal heating systems in Vermont, and that some of these owners are interested in replacing these old polluting systems. We want to help them afford to get these old systems out of their basements.”

A homeowner that changes out a coal stove or boiler with an eligible pellet stove or central heating system can receive up to 50% of the cost (or $10,000, whichever is less). New pellet heating systems are also eligible for incentives and financing through Efficiency Vermont.

Commercial customers can receive up to $30,000 for changing out a coal heating system to an eligible pellet system.

For more information visit rerc-vt.org/coal-change-out.

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