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Vermont Public Utility Commission Approves Tariff Revisions for Weatherization Repayment Assistance Program

Strategic Insights

— 2 min read

The Vermont Public Utility Commission has approved tariff revisions for the Weatherization Repayment Assistance Program (WRAP) submitted by Green Mountain Power Corporation. The revised tariff removes the program's end date of December 31, 2024, and changes the effective date from September 12, 2022, to January 1, 2025. The WRAP provides on-bill repayment terms for customers to purchase and install efficiency improvements with zero or reduced upfront payment, funded through a combination of Vermont Housing Finance Agency and efficiency incentives. The Vermont Housing Finance Agency has received an extension for the grant that funds the WRAP until December 31, 2025, and supports removing the end date to enable Green Mountain Power Corporation to continue offering the benefits of the program to customers in the future without interruption.

Key Takeaways:

  • The Vermont Public Utility Commission approved tariff revisions for Green Mountain Power Corporation's Weatherization Repayment Assistance Program (WRAP) on December 24, 2024.
  • The revised tariff removes the program's end date of December 31, 2024, and changes the effective date from September 12, 2022, to January 1, 2025.
  • The WRAP provides on-bill repayment terms for customers to purchase and install efficiency improvements with zero or reduced upfront payment, funded through a combination of Vermont Housing Finance Agency and efficiency incentives.
  • Vermont Housing Finance Agency has received an extension for the grant that funds the WRAP until December 31, 2025.
  • The Vermont Housing Finance Agency supports removing the end date to enable Green Mountain Power Corporation to continue offering the benefits of the program to customers in the future without interruption.
  • The Department of Public Service recommends that the tariff change be approved without further investigation.
  • The WRAP allows customers to purchase and install efficiency improvements with zero or reduced upfront payment, with the financed portion paid off over time through a tariffed charge on the customer's billing statement.

Statistics:

  • December 24, 2024: The Vermont Public Utility Commission approved tariff revisions for Green Mountain Power Corporation's WRAP.
  • January 1, 2025: The effective date of the revised tariff.
  • September 12, 2022: The original effective date of the tariff.
  • December 31, 2024: The original end date of the tariff (removed).
  • December 31, 2025: The new end date for the grant that funds the WRAP.

Sources:

  • Vermont Public Utility Commission Order No. 24-3491-TF (issued December 24, 2024)
  • Green Mountain Power Corporation tariff filing (November 22, 2024)
  • Vermont Housing Finance Agency comments (November 24, 2024)
  • Department of Public Service comments (December 18, 2024)

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