Schneider Electric helps organizations identify, qualify, pursue and obtain energy efficiency incentives. Each month our experts compile important news and notes. Here are your July rebates and incentives from around the U.S.
Unlock Energy Savings with On-bill Financing
Many businesses want to participate in energy efficient upgrades to achieve long-term energy savings and to meet sustainability goals. However, energy efficiency projects are often pushed to the back burner due to funding or budget constraints. If this sounds familiar, on-bill financing might be a practical resolution.
On-bill financing is a loan provided by your utility company that pays for efficiency upgrades up front and then allows the customer to repay the loan in month installments. Typically, energy savings are substantial enough to offset the monthly repayment, which allows the customer to stay within their budget goals. Hundreds of utilities offer on-bill financing, each with their own guidelines and regulations.
One example is the Mass Save Financing for Business Program. This energy efficiency incentives program offers business customers interest-free loans from $5,000 to $500,000 with terms up to seven years. Once the efficiency upgrades and loan are approved, the utility pays the interest up front, which leaves only the principal loan payment to the customer. In some cases, additional energy efficiency incentives are also available.
Contact Schneider Electric to see which of your business locations are eligible for on-bill financing programs.
It’s Bonus Season!
It’s that time of year again: bonus season! Many utilities are now offering bonus rebates to encourage timely, energy-efficient upgrades, including:
BONUS REBATES: AEP – Indiana Michigan Power
From now through August 31, 2018, AEP Indiana Michigan Power is offering cash bonuses on Prescriptive and Custom Programs. Bonuses include an extra 10% on all eligible prescriptive measures. The custom program provides:
- An extra $0.01 per kWh for projects of <100,000 kWh
- An extra $0.02 per kWh for projects of >100,000 kWh
Pre-approval is required and Small Business Direct Install projects do not qualify. Projects must be completed and received with a final application by November 16, 2018.
BONUS REBATES: DTE Energy
Effective immediately, DTE Energy is offering a limited-time bonus to upgrade T12 linear fluorescents. When upgrading T12 linear fluorescents to DLC certified LED fixtures, you can use the revised T-12 baseline to calculate your savings. As a result, kWh savings and incentive values are both increased.
A few things to know:
- Retrofit kits are eligible for this offer.
- Lamp-only replacements do not qualify.
- Projects must be completed and submitted for incentives by September 30, 2018.
- Additionally, DTE is now offering new incentives for advanced lighting controls. The incentive is $0.12 per kWh reduction, up to $5,000 per year. The controls must be DLC certified and the facility must be <100,000 square feet.
BONUS REBATES: Seattle City Light
Seattle City Light is releasing new Commercial Retrofit Lighting incentives with changes effective on August 1, 2018. All projects received prior to this date will receive the current fiscal year offerings.
The changes include:
- LED fixtures – $0.15/kWh
- LED retrofit kits (excluding downlights/recessed can retrofit kits) –$0.15/kWh
- Standard lighting controls – $0.15/kWh
- Mogul-base LEDs (ex. E39, EX39, etc.) – $0.10/kWh
- Fixtures w/ Networked Lighting Controls (NLC) – $50/fixture bonus in addition to the $0.15/kWh incentives!
- Small Commercial Customers Bonus – 20% bonus for LED fixtures, LED retrofit kits and lighting controls (does not apply to NLC bonus, mogul base LED lamps or midstream products)
- All TLED Types (A/B/C), screw-in LED A lamps and reflector lamps, downlight retrofit kits, decorative LED lamps and CFL-LED products will be moved to the upcoming 2018 Midstream Lighting Program.
Rocky Mountain Power – Utah
Updates to Rocky Mountain Power Utah’s lighting program went into effect July 1, 2018. The utility has removed several measures, including four lighting system retrofit incentives and 13 LED incentives. According to Rocky Mountain, these changes are a direct result of market acceptance of LED as the new standard in lighting technology.
Snohomish County PUD
Snohomish County PUD’s Lighting Retrofit Program has nearly exceeded its available incentive dollars for the 2018 program year. However, it has been granted permission to exceed budget by up to 25%. They will likely either scale back or close the Lighting Retrofit Program this summer. This update will not affect any other rebate programs.
- California Energy Wise recently updated qualified commercial food service equipment rebates on the Fishnick web page.
- As of June 1, 2018, Duquesne Light Watt Choices updated its Prescriptive Rebate Catalog.
Pacific Gas & Electric reinstated outdoor LED rebates.
- Reminder: New Virginia law preventing non-residential customers with electrical demand exceeding 500 kW from participating in energy programs goes into effect July 1, 2018.
- PSEG Long Island’s Commercial Efficiency Program released its new 2018 Outdoor Lighting rebates.
- Efficiency Smart will now require pre-approval for all projects effective July 1, 2018.
- Georgia Power has approximately 25% of its incentive dollars for 2018 remaining.
- Entergy TX is out of funding. Projects are being wait-listed.
- Energize CT is out of funding.
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