COLCHESTER, Vt.—The state Public Service Board has approved a plan by Vermont's second-largest power company to encourage the installation of solar power by homeowners and businesses.
The SolarGMP program will work in conjunction with existing net metering programs in which Vermonters using solar power feed energy back into the grid when it is not needed in the home or business.
Under the new solar rates program, customers will now be paid by
Solar generates the bulk of its power during hot summer days when electric system use is at its highest.
GMP officials said the new solar power will replace the expensive power that the company otherwise would have to buy from the New England power grid during peak demand.
