Deploying More Storage Increases Resilience and Savings for all Customers
COLCHESTER, Vt. – Green Mountain Power’s ongoing commitment to deliver innovative storage programs to benefit customers expanded with the announcement of a pilot program with Enphase Energy Systems. As part of the pilot program, customers lease or purchase two Enphase IQ Batteries for their home. Customers agree to share access to the batteries to cut power demand during expensive energy peaks when people are using a lot of energy, which helps lower costs for all.
Customers can choose to lease Enphase batteries for a monthly payment of $65 for ten years or with a one-time payment of $6,500. Alternatively, they may participate in GMP’s “Bring Your Own Device” (BYOD) program using their own equipment. The BYOD program allows customers to receive an upfront incentive in exchange for allowing GMP to tap into the stored energy during peak usage times, helping to lower costs for all customers.
“We are excited to offer customers more options for batteries, building off our already successful storage programs, as we create a stronger, flexible, and more resilient energy grid,” said Josh Castonguay, GMP vice president and chief innovation officer. “Our growing network of stored energy continues to deliver savings for all customers, helping cut carbon and costs. Expanding this groundbreaking work with another pilot program will allow more customers to access storage technology, while increasing the savings through a shared network of neighbor helping neighbor.”
“We’re proud to work with Green Mountain Power on this program to offer Vermont homeowners Enphase IQ Batteries and IQ Microinverters,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “Our industry-leading software and hardware make building and deploying virtual power plants easier than ever. And none of this would be possible without the professionalism and experience of our local installer partners, who all offer a best-in-class experience for our mutual customers.”
Enphase and GMP are currently working with four Vermont installers and are encouraging more installers to be part of the program. Customers can choose to work with HB Energy, Power Guru, Southern Vermont Solar, or SunCommon.
“We rely on Enphase IQ microinverters for most of our rooftop solar customers. Bringing the same integrated communications platform with detailed energy monitoring and solar production information for each solar panel, and now for energy storage, is very exciting,” said Simon Piluski, founder of Southern Vermont Solar. “GMP and Enphase are great partners with us in serving our community’s energy needs now and into the future.”
Last year, GMP’s growing network of shared stored energy reduced about $3 million in costs for all customers by cutting power demand during energy peaks.
The Enphase battery lease program is open for 100 customers, and you can learn more here: https://greenmountainpower.com/rebates-programs/home-energy-storage/enphase-battery/
Or sign for the BYOD program here: https://greenmountainpower.com/rebates-programs/home-energy-storage/bring-your-own-device/
About Green Mountain Power
Green Mountain Power serves approximately 270,000 residential and business customers in Vermont and is partnering with them to improve lives and transform communities. GMP is meeting the needs of customers with integrated energy services that help people cut carbon and costs, while continuing to generate clean, cost-effective, and reliable power. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability, and transparency standards and committing to use business as a force for good. Fast Company named GMP one of the top five Most Innovative Companies in North America in 2022. GMP also earned a spot on Fast Company’s Most Innovative Companies in the World list in the energy sector four years in a row (2017, 2018, 2019, 2020). In 2021, the Smart Electric Power Alliance (SEPA) honored GMP as a nationwide leader in energy transformation.
Kristin Carlson, Green Mountain Power
Our growing network of stored energy continues to deliver savings for all customers, helping cut carbon and costs.Josh Castonguay, GMP Vice President and Chief Innovation Officer