Burlington, VT introduces Net Zero Energy Revenue Bond for electrification campaign financing

Burlington, VT Net Zero Energy Revenue Bond Electrification

City officials placed the $20 million bond in front of local voters. This first-in-the-nation effort proposes grid upgrades for dynamic pricing and increased electric vehicle charging. The Burlington Electric Department plans targeted grants to local households for air-source heat pumps and electric bikes. The Net Zero Energy Revenue Bond reduces emissions by an estimated 47,000 tons without increased taxes or fees.

BV

Burlington, VT

Municipality in Vermont

United States