Good News from the Energy Co-op
Newsletter June 2020
PRICE PROTECTION AVAILABLE NOW

Due to high demand from our members and historically low fuel oil prices, we decided to open our enrollment for Price Protection a month early this year. Prices are still very volatile, (see story below). So if you want to take advantage of this program to secure a low price, please contact us as soon as possible
COVID-19 BUSINESS UPDATES
It's been a long journey for everyone the last few months. Our focus throughout this time was to protect the safety and welfare of our employees and customers and continue to provide essential services.

The good news is that we that we are now able to resume all regular business activities such as tune ups, weatherization services, new equipment installs and non-emergency repairs.

The flip side is that, since we were down for two months, there is a lot of pent-up demand. So please bear with us if scheduling your service or installation appointment takes longer than usual. We appreciate your patience!
HEATING FUEL PRICES REACHED HISTORIC LOW IN MARCH
This chart shows the trend line of Vermont heating fuel prices since 2011. Following a historic low in March, the Energy Information Administration (EIA) is forecasting heating oil retail costs to average $2.50 per gallon in 2021 . That is an increase of approximately 3% from the average retail cost in 2020.
Ever wonder how heating oil is priced? Click below to read a great article explaining the component pricing of your heating fuel.
MEET BOB LaBOMBARD
Bob LaBombard is a NORA certified technician who has installed hundreds of heat pumps since he joined the Co-op in 2017. He enjoys the satisfaction of hearing our customers say how wonderful it is to have a single unit provide cooling in the summer and warmth in the winter all while reducing their carbon footprint. In his spare time Bob loves traveling, particularly with the top down on his convertible. 
EFFICIENCY REBATES ARE BETTER THAN EVER!

In the last few weeks, many generous incentives for weatherization (see article below), heat pumps and heat pump hot water heater installations have been announced. It's hard keeping up with them, even for us!
Below is a chart showing the maximum heat pump rebates by utility. We've also compiled a list of the latest utility and state rebate links on our website to help you sort things out. Click on the link below.
GET UP TO $5,500 REBATE FOR HOME EFFICIENCY UPGRADES
Efficiency Vermont, VGS and Burlington Electric Department (BED) have announced higher-than-ever incentives for weatherization services for BED customers.
Starting July 1 thru Aug. 31 (or until funds run out) homeowners in Burlington who qualify as moderate income (below 120% of median household income) can work with an Efficiency Excellence Network contractor (including the Energy Co-op) to weatherize their home, including sealing air leaks and insulating their basements and attics. The new incentive will cover 75% of the project cost, up to $5,500
PERFECT STORM? LOWER INCOMES AND HIGHER ENERGY BILLS
The COVID-19 crisis and stay-at-home restrictions have increased energy costs for many households, which has been particularly difficult for those whose incomes have been negatively effected. Improving energy efficiency is one way to help reduce the burden. This article from the American Council for an Energy Efficient Economy (ACEEE) explores the problem and suggests some solutions.