Electric Forklift Program
Power up with cash incentives for replacing your internal combustion forklift with an electric equivalent.
Electric Forklift Program Announcement
Electric forklifts have lower operating costs, lower emissions, less maintenance and quieter operation. The Tennessee Valley Authority (TVA) incentivizes the replacement of internal combustion forklifts with electric powered forklifts. Incentives are available for a limited time for the replacement of internal combustion forklifts with electric-powered forklifts. You can receive a $2,000 incentive when you make the switch.
Replacing Existing Forklifts?
TVA’s EnergyRight® Solutions Electric Forklift Program will provide a $2,000 incentive per forklift to replace internal combustion Class 4 (cushion tire) and Class 5 (pneumatic tire) forklifts with electric powered Class 1 (counterbalance) or Class 2 (narrow aisle) forklifts.
Purchasing New Forklifts?
A $2,000 incentive is available for the purchase or lease of a new Class 1 or Class 2 electric forklift instead of the purchase or lease of a Class 4 or Class 5 internal combustion forklift.
Applicant must purchase or lease a new electric forklift and have it remain operational at the site for a minimum of the following to receive the incentive:
- Two years if operating at a 3-shift per day operation
- Three years if operating at a 2-shift per day operation
- Five years if operating at a 1-shift per day operation
Want More Information?
Find a Program Vendor
Download our Factsheet
Contact your Local Power Company or an Electric Forklift Program representative by calling toll-free (866) 233-0450, or send an email to email@example.com.
Complete the incentive application and follow these easy steps:
|Submit incentive application||2-3 weeks|
|Participant receives incentive offer|
|Participant signs and returns incentive offer||Up to 2 weeks|
|Forklift is delivered and begins operation||Up to 12 weeks|
|Participant submits completion paperwork|
|On-site inspection, as required. Incentive is processed and check is sent||2-4 weeks|
Note: Durations are approximate