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Vermont Energy Investment Corporation

Burlington, Vermont
www.veic.org

Vermont Energy Investment Corporation was awarded $750,000 between 2012 and 2014, including 2 grants in Housing.

$350,000

2014 • 1 year • Housing

The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, which are privately-held or investor-owned businesses, focus on large projects with high returns on invested capital, and that model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities and/or of small or medium size, such as affordable rental housing. The grant funds a new energy service company that will yield greater customer savings, substantially reduced energy use, and dramatically lower carbon emissions.

$400,000

2012 • 2 years • Housing

The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, as privately held or investor-owned businesses, focus their activity on large projects with high returns on invested capital. This model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities, such as affordable rental housing. The Corporation will use this grant to create a new energy service company business model that yields greater customer financial savings, substantially reduced energy use, and dramatically lower carbon emissions.

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