Energy efficiency is a winning proposition for every company, and financial incentives are available to help you make the transition to a more energy-efficient facility.
When qualifying companies make an investment in energy savings through EnergyRight Solutions for Business + Industry, they may qualify for an incentive payment that will offset some of their costs. These incentives are available for companies that help reduce TVA’s peak power demand.
For all projects, the application process will be business as usual. However, for the few applications with incentive amounts greater than $100,000, TVA will work with you to determine an incentive offer that ensures consistent funding is available for all projects of all sizes. Incentives are determined after pre-inspection and communicated in the Application Approval Notice letter.
Types of Incentives
Energy efficiency is a winning proposition for every company, and financial incentives are available to help you make the transition to a more energy-efficient facility. Incentives help to offset the cost of implementing more efficient technology, reduce the project-payback period and also help business and industrial facilities to realize energy efficiency savings sooner. Approval processes are used to manage incentive budget limitations, eligibility, participation and energy savings occurring in the program. (The incentives are not designed to subsidize a company that has the ability to overcome internal financial barriers through the energy savings alone.)
Standard Incentives are open to ALL commercial and industrial participants meeting the eligibility criteria and funding availability. Incentives are available for energy-efficiency measures that involve an upgrade or replacement equipment with a more energy-efficient equipment.
Custom Incentives are open to ALL commercial and industrial participants meeting the eligibility criteria. With incentives, the program offers unbiased, reliable technical assistance and information to help identify custom facility and process electric savings opportunities.
|Program Rule||Food Service and limited HVAC equipment**||Lighting, Refrigeration and Misc.||Non-Lighting (i.e. Chillers, Compressed Air, BMS, etc.)|
|Incentive Cap – 70%||70% of total materials||70% of total materials||70% of total materials and engineering/design|
|Pre and Post Inspections||Post only||Yes||Yes|
|Invoice Submission Timeline||60 days from purchase and installation||60 days from installation||60 days from installation|
|Incentive Rate is up to $0.10/kWh||Tiered incentive rate/unit||Tiered incentive rate/unit||Incentive Rate is up to $0.10/kWh|
** NOTE: All projects must have a utility payback period greater than or equal to two years but less than or equal to fifteen years. Utility payback is calculated based on the material cost of the project divided by the energy savings as determined by TVA. Incentives will not buy down project below 2 years.