Greenbacker Renewable Energy Corporation
Behind the Meter electric utility · Vermont · #3,075 of 3,199 U.S. utilities by customers · EIA utility #60025
Greenbacker Renewable Energy Corporation is a behind the meter electric utility serving 107 customers in Arkansas, Arizona, California, Colorado, Massachusetts, Maryland. In 2025 it sold 52.0 gigawatt-hours of electricity for $7.10M in revenue, an average realized rate of 13.67¢ per kWh across all customer classes and 11.11¢ per kWh for residential customers. EIA records its activities as: generation.
Customers, sales and rates by customer class (2025)
| Class | Customers | Sales (GWh) | Revenue | Avg realized rate | Share of sales |
|---|---|---|---|---|---|
| Residential | 11 | 0.1 | $6.00K | 11.11¢ | |
| Commercial | 96 | 51.9 | $7.10M | 13.67¢ | |
| Total | 107 | 52.0 | $7.10M | 13.67¢ |
Average realized rate = revenue divided by sales as reported on EIA Form 861. It blends fixed charges, demand charges and riders into one per-kWh figure; it is not the utility's tariff rate. Estimated residential bill assumes the average residential customer's actual 2025 usage (409 kWh/month).
Operations by state
| State | Customers | Sales (GWh) | Residential rate |
|---|---|---|---|
| Vermont | 25 | 19.2 | — |
| Colorado | 21 | 1.0 | 11.11¢ |
| California | 16 | 10.6 | — |
| Massachusetts | 16 | 10.2 | — |
| Tennessee | 13 | 4.4 | — |
| New York | 6 | 2.3 | — |
| Arizona | 4 | 1.6 | — |
| North Carolina | 3 | 0.9 | — |
| Arkansas | 1 | 0.9 | — |
| Maryland | 1 | 0.1 | — |
| New Jersey | 1 | 0.8 | — |
Five-year trend
| Year | Customers | Sales (GWh) | Revenue | Residential rate |
|---|---|---|---|---|
| 2021 | 97 | 24.7 | $2.56M | 10.00¢ |
| 2022 | 140 | 69.1 | $9.09M | 9.69¢ |
| 2023 | 147 | 73.7 | $13.16M | 10.00¢ |
| 2024 | 155 | 83.6 | $9.70M | 10.33¢ |
| 2025 | 107 | 52.0 | $7.10M | 11.11¢ |
Energy supply (2025)
Net generation: 52.0 GWh
Wholesale power purchased: 0.0 GWh
Winter peak demand: — MW
Meters & rooftop solar (2025)
Smart (AMI) meters: 0.0% of 53 meters
Other large utilities in Vermont
- Green Mountain Power Corp - 276,986 customers, residential 23.29¢
- Vermont Electric Cooperative, Inc - 41,444 customers, residential 24.33¢
- City of Burlington Electric - (VT) - 22,018 customers, residential 19.80¢
- Washington Electric Coop - (VT) - 12,250 customers, residential —
- The Town of Lyndon Elec Dept - (VT) - 6,297 customers, residential —
- Town of Hardwick - 4,888 customers, residential —
- Village of Morrisville - (VT) - 4,798 customers, residential —
- Town of Stowe - (VT) - 4,659 customers, residential —
All Vermont utilities and rates
Source: U.S. Energy Information Administration, Form EIA-861 2025 (filed by the utility; figures as published). Utility #60025 in the EIA frame.