Heating with Biodiesel

The “Heating with Biodiesel” Pilot is available to help cover costs associated with conversion to biodiesel fuel as well as reduce the cost of biodiesel fuel deliveries. Biodiesel is a clean burning renewable fuel derived from used vegetable oils produced in the United States. Biodiesel can be used for home heating in blends measured by the amount of biodiesel in a fuel mixed with regular #2 fuel oil. The “Heating with Biodiesel” Pilot offers B99 biodiesel to qualified Vermont homeowners.

Applications

Incentives up to $1300 are available for:

• B99 Biodiesel fuel deliveries
• Heating system inspection to ensure customer heating systems are “biodiesel ready”

Incentives are based on income eligibility. See Eligibility below for qualification details. Customers that have received a prior incentive and have reached the $1,000 cap may be eligible for an additional $1,000 cap for the ’24 – ’25 heating season upon re-applying.

Participating Fuel Dealers

In order to offer this income-eligible incentive to residential customers, fuel dealers must submit the SSREIP Biodiesel Incentive Program Participation Agreement

Participating Fuel Dealers are limited at this stage of biodiesel market development. If you see your fuel dealer listed below, contact them for further information or to participate. If you don’t see them listed, you may want to contact them about participating in the program.

Bourne’s Energy 72 Lower Main Street Morrisville, VT 05661 (800) 326-8763 bournesenergy.com

Eligibility

Low- and Moderate Income (≤120% AMI) – one-third (1/3) of current market price for B99 biodiesel ($/gallon) up to $1000 + $300 heating system inspection incentive = $1300 total incentive

The initial incentive will be calculated at one-third (1/3) of the current market price for biodiesel. For example, B99 at $5.50/gallon would have an incentive of $1.83 per gallon with the customer paying $3.67 per gallon and the fuel dealer receiving a payment from the CEDF of $1.83 per gallon sold.

Income is defined as the total annual gross income of all family and non-family members age 18 years and older living within the household. Opportunities Credit Union will determine annual household income for all members of the household. For each household member, the credit union will collect the person’s name, all sources of income (including both earned and unearned income), total annual income, and required supporting documentation. Acceptable forms of income documentation are:

• The most recent Social Security benefits statement (if Social Security, Social Security Disability Insurance, or Supplemental Security Income was received).
• First two pages of the most recent federal tax return (if income tax return was filed).
• Unemployment Benefits Statement from the past 12 months (if unemployment benefits were received).
• Current paystubs with year-to-date wages listed.
• The most recent IRS Schedule C and the following information for each source of self-employment income: type of business, time period, gross income, expenses, depreciation, and net income.
• If the household member received another type of income, a document or documents that confirm the income.

Types of income include, but are not limited to: wages, salary, tips, bonuses or commissions payments, public assistance, social security/SSI, child support, regular gifts, unemployment, income earned on assets (savings, IRA, etc.) and some types of financial aid.

Incentives will be applied to the cost of your heating system inspection and/or B99 Biodiesel fuel deliveries when you work with a participating fuel dealer.

Commercial systems are not eligible.