Friday, July 18, 2008

An Update on VSHI

Things in the world of the Vermont Sustainable Heating Initiative have been cruising for some time now. So here's where we're at:

The director of the Low Income Home Energy Assistance Program sent out a survey to its petroleum consuming recipients, soliciting interest in our pilot program. So far we've received more than 40 surveys back indicating interest (yay!). Now all we need is money to buy them stoves.

How do we get money to buy them stoves? That's where the Carbon Offset Program comes in. Since we're specifically targeting fossil-fuel users and converting them to biomass heat, this warrants a carbon offset since the biomass is a short-carbon-cycle fuel and the fossil fuels are long-carbon-cycle.

At the moment we're selling offsets for $25/ton, but that may be lowered. We've done the calculation like four times, and it comes out slightly differently each time depending on our assumptions. So it will probably end up somewhere in the range of $9-25/ton. The page is about 90% done, and we're hoping to get some big name corporations and legislators to participate. Until everything is up and running I don't expect it to generate a lot of money.

Just a piece on the logistics: Families who receive a stove will be asked to pay us a down payment + whatever they can afford per month until they've paid off the stove. Thus it's not so much a grant as it is a no-interest loan.

Meanwhile I'm meeting today with Garth of CVCLT to discuss how to engage landlords in this transition as well as brainstorming how to convert my condo complex, the apartment complex next door and across the street. Actually I should probably go so I'm not late :) Wish me luck!

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