Green Mountain Power Grid Services
Homeowners with Enphase IQ Batteries can choose one of two ways to save money with Green Mountain Power (GMP).
Bring your own device and enroll an existing Enphase Energy System to receive upfront cash incentives.
Lease two Enphase IQ Batteries from Green Mountain Power for only $65 per month.
Bring your own device
When electricity demands are high, homeowners with IQ Batteries can let GMP use their extra, stored power to relieve strain on the grid. GMP expects these energy export events to happen five to eight times per month with an alert at least four hours in advance and last three hours. Enphase does not support the four-hour events, as IQ Batteries are designed to be discharged over three hours. Homeowners can always expect to save 10% of their battery capacity for home energy needs.
Eligible homeowners can choose how much power they want to enroll and receive up to $9,500 in upfront incentives, with a range of additional offerings from GMP:
Enroll with a 10-year commitment for an additional $850 per kW.
In areas that need more storage capacity, homeowners may be eligible for an additional incentive of $100 per kW, totaling up to $950 total per kW.
For example, a homeowner with an IQ Battery 10 could enroll up to 6 kW in the program. After a three-hour event, they could earn up to $5,100, or if they’re in an area that needs more storage capacity, up to $5,700.
Learn more about the Bring Your Own Device (BYOD) program from GMP.
BYOD from the Enphase App
Homeowners that already own an IQ Battery and want to enroll in the Bring Your Own Device program can get started from the Enphase App. Sign up from the “Services” page in the Enphase App “Menu” to complete an application in minutes.
Lease IQ Batteries from GMP
Eligible homeowners can lease two IQ Battery 10s from GMP for 10 years for $65 per month or a single payment of $6,500, plus the installation cost. In return, homeowners will let GMP use energy stored in their batteries to help relieve strain on the grid during high-demand times. For most homes, IQ Batteries have plenty of power for a whole home backup and can be recharged from solar or grid power.
The GMP battery lease program operates on a first-come, first-serve basis. After submitting an online form, GMP will contact homeowners with next steps.
Final installation costs will vary based on the installer you use, the size of your system, and your home. Homeowners must review all agreements and approve final costs before installation and system activation.
Learn more about leasing IQ Batteries from GMP.